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[lbd_nytetrayn]

Nintendo Qrtr. Profits Sink
DS sales not enough to save them, but not all's lost!
by Patrick Klepek, 07/28/2005

Though Nintendo DS has received surprising acceptance from every territory, successfully holding off the PSP onslaught, the new handheld isn't enough of a money maker to make up for Nintendo's missteps.
Reuters Japan passes on word from Nintendo of a 78.5% reduction in operating profits for the quarter ending June 30. Speculation from the news service on the reason for the drop makes perfect sense - the GameCube doesn't have enough exclusives, first-party and third-party, and sales of GBA SP and GameCube have been declining.

Still, the company's performing far better than its competition. Sony and Microsoft stand to suffer ridiculous losses as next-generation moves into full swing, whereas Nintendo's likely to continue operating in the black, simply receiving less profit than before, rather than none at all.

LBD "Nytetrayn"

Comments

[thenekomancer.livejournal.com]

So everyone's losing money. It's win-win.

[makzu.livejournal.com]

Nintendo isn't losing anything at all. They're still profitting, just not as much as they were. It makes sense, because there really weren't any big releases between April and June anyway.

[shinkuu.livejournal.com]

That's an interesting article. I see PSP crap everywhere, so I was getting worried a bit for Nintendo. But I should've known that if it's one thing Nintendo knows how to do, it's not go broke.

I'm really looking forward to the upcoming DS lineup, but I wonder what it offers for some of my friends who lean more towards the X-Box flavor of game library. I'm hoping to get a DS soon, maybe at Otakon.