Nintendo says 3DS sales weaker than expected
Tuesday 26 April 2011
Nintendo president Satoru Iwata said Tuesday sales of its new 3DS handheld game player had been weaker than expected in the US and Europe, as well as in Japan where the quake hit consumer sentiment.
The 3DS, the world's first video game console with a 3-D screen that works without special glasses, went on sale on February 26 in Japan and hit the shelves in the US and Europe in the last week of March.
"Sales of the 3DS have been weaker than expected since the second week of launch in the US and Europe," even though the first week was solid, Iwata said at a briefing for investors, Dow Jones Newswires reported.
Nintendo had been hoping the device would reverse its sliding fortunes in an increasingly crowded market.
The entertainment giant said Monday it sold 3.61 million of the portable players, short of its forecast of four million.
Nintendo also said it would unveil its new Wii 2 console at the E3 Expo in Los Angeles in June.
The original Wii with its motion-controller proved a hit with families, selling 86 million units since its 2006 debut, although it has seen a steady decline in recent years in the face of competition from traditional rivals such as Sony and Microsoft and the entry of Apple into the gaming market.
Nintendo also said Monday that net profit for the year to March plunged 66.1 percent to 77.6 billion yen ($942 million) and sales slid 29.3 percent to 1.01 trillion yen.
However, the company said it expected sales to surge more than 40 percent over the coming 12 months.
Nintendo said it suffered a serious setback as sales of both hardware and software fell in the United States, Europe and Japan, where the March 11 disasters have seen consumers cut back on non-essential expenditure.
The company said it avoided direct damage to its factories but forecast there could be an indirect impact from consumption patterns or economic conditions in the future.
Life & Style blogs
Charlie Charlie Challenge: everyone on the internet thinks it’s a marketing stunt, but it probably isn’t
Not brushing your teeth can lead to dementia and heart disease
Insomnia could be cured with one simple therapy session, new study claims
What do the emojis on Snapchat mean?
Spanish restaurant El Celler de Can Roca reclaims top spot to be named world's best restaurant
Thousands of teenage girls enduring debilitating illnesses after routine school cancer vaccination
Migrants in Kos: Photos show real tragedy after Brits abroad complain of 'awkward' holidays
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
Michael Gove determined to scrap the Human Rights Act – even if Scotland retains it
Threat to scrap Human Rights Act could see UK follow Nazi example, warns UN official
Church of England 'one generation away from extinction' after dramatic loss of followers
- 2 California man brutally beat 82-year-old Sikh grandfather he mistook for 'one of those people'
- 4 Charles Kennedy 'had better judgement drunk than many sober politicians' says Ian Hislop
iJobs Gadgets & Tech
£18000 - £26000 per annum: Recruitment Genius: They work with major vehicle ma...
Negotiable: Recruitment Genius: This global entertainment media company are lo...
Negotiable: Recruitment Genius: This is an exciting opportunity for someone wi...
£25 - 40k: Guru Careers: We are seeking a Test Engineer / Technical QA Enginee...