Nintendo Blames ‘Cube Slide as Sales Dip

Source: NextGen

The company said it now expects to post an operating profit of 20 billion yen ($175M) for the six months ended September 30, down from the previous estimate of 30 billion yen ($260M).

Sales for the period are down from an estimated 190 billion yen to 175 billion yen ($1.5 billion).

Yoshihiro Mori, senior managing director at Nintendo said, “The big drop for GameCube games was in North America. It looks like the product’s life is nearing its end.” He said developers are focusing now on next generation systems.

More added that the company’s profits have been affected by its investment in Revolution and on DS price cuts, but that has been offset by favorable international exchange rates. As a result, the company is sticking to its full year profits estimate of 75 billion yen.

Amir Anvarzadeh, analyst at KBC Financial told Bloomberg, “GameCube sales have been falling 40 percent year-on-year in the U.S. You could argue it’s one of the worst-performing consoles.”

Source: NextGen

The company said it now expects to post an operating profit of 20 billion yen ($175M) for the six months ended September 30, down from the previous estimate of 30 billion yen ($260M).

Sales for the period are down from an estimated 190 billion yen to 175 billion yen ($1.5 billion).

Yoshihiro Mori, senior managing director at Nintendo said, “The big drop for GameCube games was in North America. It looks like the product’s life is nearing its end.” He said developers are focusing now on next generation systems.

More added that the company’s profits have been affected by its investment in Revolution and on DS price cuts, but that has been offset by favorable international exchange rates. As a result, the company is sticking to its full year profits estimate of 75 billion yen.

Amir Anvarzadeh, analyst at KBC Financial told Bloomberg, “GameCube sales have been falling 40 percent year-on-year in the U.S. You could argue it’s one of the worst-performing consoles.”