Nintendo Makes Money

[BreakABone]

I know the news won't surprise most of you, but they have posted their results for Q1.

TOKYO (Reuters) - Nintendo Co Ltd's (7974.OS: Quote, Profile, Research, Stock Buzz) quarterly profit rose 31.5 percent on the runaway success of its Wii game console, but the Japanese video game maker kept its annual outlook that falls well short of market expectations.

April-June operating profit at Nintendo, which is waging a three-way battle with Microsoft Corp (MSFT.O: Quote, Profile, Research, Stock Buzz) and Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz) in the global video game industry, rose to 119.2 billion yen ($1.10 billion) from 90.63 billion yen a year earlier.

Nintendo's Wii, competing with Sony's PlayStation 3 and Microsoft's Xbox 360, has enjoyed brisk demand thanks to its easy-to-learn motion-sensing controller, low price and innovative titles such as the "Wii Fit" exercise game.

For the full year to March, Nintendo kept its operating profit forecast of 530 billion yen, up 8.8 percent on the year, but below a consensus of 597.1 billion yen in a poll of 20 analysts by Reuters Estimates.

Shares in Nintendo, creator of iconic game characters such as Mario and Zelda, have fallen 16.9 percent this year through Tuesday, underperforming the benchmark Nikkei average .N225, which is down 14 percent.

http://www.reuters.com/article/ousiv/idUST6661320080730

Wii HW Q1 - 5.17 million (an increase of 1.74 million from last year) (29.62 million total)
DS HW Q1 - 6.94 million (a decrease of 0.04 million from last year) (77.54 million total)

Wii SW Q1 - 40.41 million (an increase of 24.42 million from last year)
DS SW Q1 - 36.59 million (an increase of 2.33 million from last year)

Mario Kart Wii Q1 - 6.42 million
Wii Fit Q1 - 3.42 million (5.27 million total)

[magus113]

I am reminded of the Penny Arcade comic, with Reggie talking about how rich Nintendo is.

Amazing really.

[Jonbo298]

This image still applies to this day and is still funny because its over 2-3 years old and its still relevant

http://gonintendo.com/wp-content/photos/prints_money.gif

[Perfect Stu]

thats what happens when you make relatively cheap games that sell millions of units

[Vampyr]

thats what happens when you make relatively cheap games that sell millions of units

Someone once told me that the best way to become rich was to take a little bit of money from a whole lot of people. :)

[TheGame]

thats what happens when you make relatively cheap games that sell millions of units

Yup. Reminds me of my signature, though I quoted him when Nintendo was doing relitively bad, so it sounded like complete ignorance. Guess the old bastard was right!

[BreakABone]

thats what happens when you make relatively cheap games that sell millions of units

Or you know just make things in general that people want.

Two of their highest sellers that quarter were Brawl and Kart which I doubt werre cheap.

[Angrist]

Two of their highest sellers that quarter were Brawl and Kart which I doubt werre cheap.Still much cheaper than the average PS360 game.

And Nintendo is just being very clever, can you blame them?

[Jonbo298]

Yup. Reminds me of my signature, though I quoted him when Nintendo was doing relitively bad, so it sounded like complete ignorance. Guess the old bastard was right!

True, no one really took heart to it since the 'casual' market didn't really show itself to be as big as it could be until the Wii. To repeat what you said, Guess the old bastard was right.

[Perfect Stu]

Or you know just make things in general that people want.

Two of their highest sellers that quarter were Brawl and Kart which I doubt werre cheap.

I don't get why you have so many knee-jerk reactions when it comes to Nintendo. 5 million copies of Wii Play is going to make them a lot more money than 5 million copies of Brawl. Relatively inexpensive games in cost, big on revenue. It's not an insult it's business.