Nintendo profits hit seven-year low
3DS misses internal projections.
Nintendo has reported a seven-year low of full-year profits for fiscal 2011, with its latest handheld the 3DS missing internal prediction by a small margin.
Net income registered at ¥77.6 billion for year ending March 31, 2011, down a whopping 66.1 percent year-over-year, while net sales was at ¥1 trillion, down 29.3 percent.
In the fiscal year, Wii managed to sell 15 million units worldwide, bringing the total install base to 86 million. DS and all its SKUs moved 17.5 million units in the year, and 3DS sold 3.6 million units in its first two month of sale. Despite the impressive figure, 3DS missed the internal sales target for 4 million.
In terms of software, 120.98 million game copies were moved for DS, with 171.26 million for Wii, and 9.43 million for 3DS.
The company is now all set to reveal its new home console at E3 this year.