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Nintendo recently posted a net loss of 43.2bn yen (530 million dollars) for the 2011 fiscal year (which stretches from April 2011 to March 2012), a first for the company. These losses were in spite of their newly released 3DS handheld console dominating the Japanese market, outselling Sony’s PlayStation Vita 10:1. Last year the company reported a net gain of 77.6bn yen (959 million dollars). The companies’ losses this year were not, however, as bad as previous estimates had predicted.
Hardware sales were not able to reach predictions Nintendo announced three months ago, predictions Nintendo had reworked downward from previous estimates. Globally, the Nintendo 3DS sold 13.51 million units, the Wii 9.84 and the DS ‘family’ 5.1, while expectations had had the 3DS at 14 million units, the Wii at 10 and the DS ‘family’ at 5.5. Even though actual hardware sales did not fall too far from what Nintendo had predicted, the results are still disastrous for the company. Software sales, meanwhile, were 36 million for the 3DS, 102.37 million for the Wii, and 60.82 for the DS ‘family.’
Regarding these results, the company stated: “While [Nintendo] did post a loss for the recently completed fiscal year, the continuing momentum of the Nintendo 3DS and the global introduction of the highly-anticipated Wii U home console will drive the company back into profitability in the current year.” In a separate announcement, Nintendo predicted a net profit of $245 million for the upcoming fiscal year.
Nintendo went on to say that by the middle of its current fiscal year (around August 2012), the 3DS will cease to be sold below cost of making one, meaning they will start to see a profit from the handheld. The company also announced that New Super Mario Bros. 2, Animal Crossing and a new Brain Age series title are in the works, with the latter releasing in Japan sometime this summer. These games, along with other upcoming ones, will definitely give Nintendo a boost in software sales and help move consoles.
In addition, Dragon Quest X: Waking of the Five Tribes Online was reported to have a Japanese release date set for August 2. No release date for other regions has been announced yet. The title marks a first for the Dragon Quest franchise: never before has an MMORPG entry in the series been released. A Wii U version will follow, although at this time there is no information on it available.
Dragon Quest X is set to sell for 6,980 yen ($86), and a separate version will also be available that includes a USB flash drive for 8,980 yen ($110). A flash drive is required to play the game.
Although details are scarce, these big games look to get Nintendo out of the red this coming year and hopefully help the company reach its $245 million goal. Stay tuned at Toonari Post for more details.