Nintendo Releases Q1 Financials

Nintendo has released its financial report for the first quarter of the fiscal year 2010, and the results are surprising; after over two years of increasing profits, their numbers have taken a serious drop. Here are some highlights from the report:

• Nintendo’s total sales this quarter were $2.66 billion USD, a 40% decrease from the same period last year.
• Net income was $443.8 million USD, a 61% decrease.
• Nintendo predicts a 2.1% decrease in total sales for the fiscal year 2010, but a 7.5% increase in net income.
• Nintendo sold $6.3 million worth of non-electronic merchandise this quarter, such as playing cards. Who knew?
• The DS sold 5.97 million units this quarter, making 107.75 million units sold to date. Of these, 3.65 million were DSi units; these have sold 6.68 million so far.
• The Wii sold 2.23 million units this quarter, making 52.62 million sold to date.
• Regarding software, the DS sold 29.09 million titles this quarter, with 1.34 million of these being new titles. The DS has sold 596 million titles to date, a number that doesn’t include downloadables.
• The Wii sold 31.07 million software titles this quarter, with 720,000 being new titles. The Wii has sold 384.09 million titles to date, a number that doesn’t include downloadables.

Nintendo comments that comparing this quarter to the same quarter last year, when Wii Fit and Mario Kart Wii were introduced, isn’t exactly fair, which I agree with. Still, I predict that these numbers will lead to a price drop on the Wii come the holiday season, of around $50. Don’t quote me on this, though.