Nintendo has released their Q1 results and it doesn’t look good folks. They posted a total of $220 million loss for Q1 was analysts expected due to the increasing differences in currency rates.
The profitability of the “Nintendo 3DS” hardware is improving, but the hardware has been in negative margin. Therefore, although the selling, general and administrative expenses decreased compared to the first quarter of the previous fiscal year, the result was an operating loss of 10.3 billion yen,.
Nintendo will release the “Wii U” system, the successor of “Wii,” mainly in Japan, the United States and Europe at the end of this calendar year, and propose a new play style of home entertainment with its unique controller
embedding a 6.2 inch touch screen.
The company’s flagship handheld, the 3DS sold 1.86 million units, the Wii sold 700k units while the DS sold 540k units. Nintendo aims to sell 18.5 million 3DS consoles this fiscal year.
Software numbers for the 3DS look promising as they’ve sold a total of 52 million units for this quarter including 7.39 million sales for this quarter.
Hopefully for Nintendo the 3DS XL will improve these numbers even further.