Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
May 20, 2022
arrowPress Releases
If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Nintendo To Report Quarter Well Below Guidance, Say Analysts

Nintendo To Report Quarter Well Below Guidance, Say Analysts

October 21, 2011 | By Frank Cifaldi




Nintendo is expected to report revenues well below its initial financial guidance when it reports its Q2 results next week.

The company's current guidance projects revenues of 175B yen (around $2.3B) for the quarter ending September 30, versus an analyst consensus of around 146B yen ($1.91B).

At least one major analytical firm is projecting revenues even lower than that. On Friday, Wedbush Morgan lowered its projections from 147B to 140B yen ($1.83B), citing NPD data that shows a 4 percent hardware and 29 percent software decline for the company.

The firm also said that doubt and uncertainty surrounding the company's next home console, the Wii U, should keep share prices down.

"A large market opportunity may exist for the Wii U, but visibility remains limited on pricing and interest," wrote analyst Michael Pachter. "It is unlikely that the Wii U is significantly more powerful than its HD peers, in which case pricing will be the likely driver of sales."

As for the 3DS, Wedbush expects the system's recent positive momentum to continue as high profile titles such as Super Mario 3D Land and Mario Kart 7 are released, though warns that the system will be "challenged by the Sony PS Vita and improving games for smartphones and tablets" in the long term.

Wedbush has lowered its annual projections from 900B yen ($11.8B) to 861B yen ($11.3B), and anticipates that Nintendo will lower its annual projection from 1,014B yen ($13.29B) to 900B yen ($11.8B) when it announces its results on Thursday.


Related Jobs

Disbelief
Disbelief — Chicago, Illinois, United States
[05.20.22]

Junior C++ Programmer
Studio Pixanoh LLC
Studio Pixanoh LLC — Los Angeles, California, United States
[05.20.22]

Lead Animator
Studio Pixanoh LLC
Studio Pixanoh LLC — Los Angeles, California, United States
[05.20.22]

Combat Designer
GameVision
GameVision — Naperville, Illinois, United States
[05.20.22]

Business Development Manager









Loading Comments

loader image