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News Breaks
January 17, 2014
05:57 EDTNTDOYNintendo sees FY13 loss of 25B yen vs. previous profit of 55B yen
Nintendo revised its FY13 outlook to a net loss of 25B yen against the initially projected net income of 55B yen. The company sees new net sales of 590B yen against the initially projected net sales of 920B yen. Revised consolidated unit sales projections are 13.5M units of the Nintendo 3DS hardware and 66M units of the Nintendo 3DS software, 1.2M units of the Wii hardware and 26M units of the Wii software, and 2.8M units of the Wii U hardware and 19M units of the Wii U software. Nintendo made no modifications to its initial projections for the Nintendo DS hardware and software. Nintendo expects no annual dividend per share. However, on the basis of its dividends paid in the last two years, the company set a minimum of 100 yen for the year-end and annual dividend per share for this fiscal year. Nintendo said, "As year-end sales constitute an extremely high proportion of the annual sales volume in the video game industry and the annual financial performance of a video game company rests heavily on its performance in the year-end sales season, we put in place various promotional activities in order to promote sales and expand our audience in the year-end sales season of the previous calendar year. However, it is now expected that our sales will fail to meet our previous forecast by a large margin."
News For NTDOY From The Last 14 Days
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November 27, 2015
06:46 EDTNTDOYTarget lists Apple iPads among Black Friday best sellers
Target reported this morning a "successful start to its Black Friday weekend, with unprecedented results on and a strong turnout in stores on Thanksgiving Day." The retailer added, "Demand outpaced 2014's record Thanksgiving performance, making it Target's biggest day for online sales yet, driven largely by electronics." Top selling Black Friday items included Apple (AAPL) iPads, gaming consoles like including Nintendo (NTDOY) Wii U, TVs and Beats Solo 2 headphones, Target stated.

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