Nintendo posts smaller loss for Q1

Nintendo has divulged its earnings for the first quarter of this fiscal year - that's the time between the end of March and the end of June.

The company's net sales stood at 84.8 billion yen (around £701 million), down from 93.3 billion yen (£771 million) for the same period last year.

However, Nintendo's operating loss actually decreased significantly, standing at 10.3 billion yen (£85 million), an improvement on the 37.7 billion yen (£301.6 million) for the same period last year.

That crucial net loss figure for the quarter stood at 17.2 billion yen (£142 million), compared to a net loss of 25.5 billion yen (£210.7 million) for last year.

Nintendo sold an impressive 1.86 million 3DS units worldwide in the three months, up from 710,000 in the same months last year, bringing life-time sales to 19 million. 7.39 million 3DS games were also sold in the quarter.

Meanwhile, 540,000 more DS units were sold, alongside 8.48 million software units. DS now stands at 152.05 million units sold worldwide, with 908.79 million games also sold.

Wii shifted 710,000 consoles in the quarter, and 8.47 million games. Life-time hardware sales stand at 96.56 million, with software sales at 826.93 million.

Nintendo left its full-year sales forecasts unchanged. The company expects to sell 18.5 million 3DS systems, 73 million 3DS games; 2.5 million DS systems, 37 million DS games; and 10.5 million Wii and Wii U systems and 70 million Wii and Wii U games in the whole of this fiscal year (ending March 2013).


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