Nintendo Profit Halved as Wii Console Sales Slow

[desiibond]

For the last few years Nintendo has been riding high on the runaway success of the Wii console but now that success appears to slowing considerably. Sales and profit at the Japanese games company fell sharply during the first half of its financial year as demand for the console dropped.
Nintendo sold 5.75 million Wii consoles during the April to September period, down 43 percent on the same period a year earlier, it said Thursday. It also cut its full-year sales forecast for the period from April 2009 to March 2010 to 20 million consoles because of the poor results. It had been hoping to sell 26 million.
The sharp drop in Wii sales was attributed to a lack of big-name games, which often produce a bump in sales as they draw new users to a platform. The strong Japanese yen didn't help the company, because it reduced the value of sales and profits made overseas in yen terms. A price cut for the Wii also hit revenue, but helped unit sales.


Source: PC World


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[amitabhishek]

Good times for PS3 has just started so just let it roll.

[desiibond]

yes. PS3 and xbox 360 will take over the console market now.

[ibulsra]

Originally Posted by desiibond

yes. PS3 and xbox 360 will take over the console market now.

Great info! Really informative. It is helpful for me.
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[techteen]

I suspect it's dropped because info about a new wii supporting HD and bluray will be released.I,ll post it soon on the gaming forums.

[desiibond]

it's dropped because xbox 360 and PS3 had a price cut and there is no use in buying this console with lot lot lot inferior hardware.

[salman06p0020]

Originally Posted by desiibond

it's dropped because xbox 360 and PS3 had a price cut and there is no use in buying this console with lot lot lot inferior hardware.

This has motion controllers though and not to mention it is still the largest selling console. PS3 and Xbox360 can't beat it in terms of sales, they should fight it out with themselves. Wii is in a different category.