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Thread: Nintendo's Financials 2003

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    Nintendo's Financials 2003

    Quote Originally Posted by IGN.com
    Nintendo's Financials
    The gaming giant fails to meet its 2003 forecasts. Pre-tax profits are 47% below predictions.
    April 01, 2004 - Nintendo has announced its financials for the 2004 fiscal year. While the videogame giant did report a 50 billion yen pretax profit, these numbers are 47% less than last year and practically half of what Nintendo estimated for year end (85 billion yen).


    Nintendo claims that the loss is due to the poor exchange rate between the yen and the dollar -- reportedly losing some 68 billion yen.

    However, Nintendo is sill optimistic and has forecast a pretax profit of 110 billion yen for the fiscal year of 2005. Nintendo believes that GameCube will continue to sell well, which it has been doing since the second half of 2003. Overall sales are expected to rise by 4%.

    Nintendo has reasons to be optimistic, since it has recently announced a strong 2004 lineup. Stay tuned for more Nintendo oriented news.
    Quote Originally Posted by Gamespot.com
    Nintendo slashes profits forecasts

    Nintendo attributes lower-than-expected profits for the just-ended fiscal year to currency-related losses.

    Nintendo has today lowered its profit forecasts for the fiscal year ended March 31 from the 54 billion yen ($520 million) it predicted in January to 33 billion yen ($317 million). Nintendo claims that the main reason for its lower profits is a larger-than-expected currency-related loss, believed to be in the region of 68 billion yen ($654 million), caused by the yen's surge against the US dollar.

    Despite today's announcement, Nintendo maintained its sales forecast of 510 billion yen ($4.9 billion) for the fiscal year. In the fiscal year ended March 2003, Nintendo earned 67.27 billion yen ($648 million) on sales of 504.13 billion yen ($4.86 billion).

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    If you were an economist, you wouldn't actually worry that much. That being said though, business is still objectivelly not up to par at Nintendo. But even Sony is claiming major losses so I guess this isn't such an isolated phenomenon.


    Fin.

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    at least they're still earning

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    console industry reeks its profits from software sales is it not?

    nintendo produces top-seller titles.

    ergo, nintendo makes a loooot of money.



    and mind you, this company survives on gaming alone.
    Wii/PS3/360/ Bluray/ HD DVD/and an aging pc

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