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Nintendo's Profits Fall On Gamecube Sales

Posted by Zonk on from the purple-cubes-don't-dissolve-well dept.

Gamasutra reports that Nintendo's sales have dropped 21% compared to last year's numbers, largely on sluggish Gamecube sales. From the article: "Although a significant fall, Nintendo remains the most consistently profitable console hardware manufacturer when also factoring in game sales, especially compared to nearest rival Microsoft, which is estimated to have lost around $4 billion on the Xbox in the last five years. Nintendo officials are sticking to full year forecasts of operating profit of ¥90 billion ($758m), net profit of ¥75 billion ($631m) and sales of ¥400 billion ($3.4bn)."

2 of 66 comments (clear)

  1. Gasp... by BigDork1001 · · Score: 4, Informative

    Oh noes... a system that's near the end of its life is not selling as well any more. No kidding. At this point if I didn't have a GC at this point I'd probably be holding off for a Revolution which will have full backward compatability.

    --
    "Armed forces abroad are of little value unless there is prudent counsel at home" - Cicero
  2. Re:I applaud Nintendo by Erioll · · Score: 4, Informative

    To be perfectly fair, the Power Glove wasn't their failure. I believe it was made by Mattel. I could be wrong on the manufacturer, but it was NOT Nintendo that made that. The other failures though, are of course theirs.

    But the point remains that they are a profitable company making systems and games. They do NOT require "side businesses" to keep them afloat.