Nintendo 2013 First Quarter Financial Report is Revealed

Nintendo 2013 First Quarter Financial Report is Revealed
Nintendo recently displayed their financial results for the first quarter (April 1 – June 30, 2013) of their fiscal year ending March 31,2014 (FYE 14.) This showed that Nintendo made a profit in both ordinary and net incomes: They did still have a loss in operations, but it was not nearly as much as the same period last year. Also, no revisions were made in their sales predictions
Net Sales Operating Income Ordinary Income Net Income
Q1 FYE 14 (April 1 – June 30, 2013) 81,548 (4,924) 14,817 8,624
Q1 FYE 13 (April 1 – June 30, 2012) 84,813 (10,331) (29,781) (17,231)

Even with a slow sales period due to the nature of first quarter, Nintendo was still able to achieve some notable milestones, such as:

  • Sales of Nintendo 3DS hardware and software on a global basis increased by 12 percent and 10 percent, respectively, over Nintendo’s last reported quarter (Jan. 1 – March 31, 2013).
  • On a lifetime basis, sales of Wii hardware and Nintendo 3DS software have now each exceeded 100 million units worldwide.
  • Revenue generated from downloadable digital content increased by nearly 150 percent over the same time frame last year.

Three big selling 3DS Games for Nintendo this fiscal year include:

  • Tomodachi Collection – 1.39 Million units
  • Animal Crossing: New Leaf– 1.54 million units worldwide
  • Luigi’s Mansion: Dark Moon– 1.43 million units

Global unit sales, including lifetime totals, were as follows (millions of units):

Q1 FYE 14 
(April 1 – June 30, 2013)
LTD
Nintendo DS  Hardware Software* 0.06
2.15
153.93
935.84
Nintendo 3DS  Hardware Software* 1.40
11.01
32.48
106.04
Wii  Hardware Software* 0.21
3.67
100.04
872.73
Wii U  Hardware Software* 0.16
1.03
3.61
14.44

*Q1 FYE 14 and LTD software unit sales include both standalone and bundled software.

The shocking or not so shocking news from this is of course that the Wii U only sold 160,000 units.

Writers Opinion

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So what does this mean for Nintendo in my opinion? As expected the 3DS is doing great  as it continues to releases killer apps throughout the year.

I would expect this to be even higher once Pokemon X/Y come out and overall the 3DS will continue to do great for Nintendo. The Wii U on the other hand will continue to struggle until it gets some bigger games in terms of hype.

I feel that this quarter was really the perfect time for Nintendo to get a bigger audience before the next wave of consoles, and to put it simply they blew it. This year the exclusive line up seems to be: Pikmin 3, The Wonderful 101, Scribblenauts Unmasked: A DC Comic Adventure (console exclusive), Sonic: Lost World, The Legend of Zelda: Wind Waker HD, Donkey Kong: Tropical Freeze, Super Mario 3D World, and Wii Fit U.

This is a actually a pretty good lineup, but they are facing some really stiff competition that I don’t think they can compete with. The Wonderful 101 comes out the same day as Grand Theft Auto 5. Sonic: Lost Worlds comes out the same day as Batman Arkaham: Origins, and that is also coming out on the Wii U. How about The Legend of Zelda? That comes out the same day as Assassin’s Creed IV: Black Flag and Battlefield 4. I’m not saying these games will be better or worse, but my point is there isn’t a exclusive game here that matches the same amount of hype as other non exclusives. Legend of Zelda may compete, but I highly doubt it since it is a simple HD port of a gamecube game. Not only that, but the PS4 and XONE are coming out this year and that will put even less attention on Nintendo.

I think  if Nintendo just looked at the release schedule, and put their games in better spots they would be getting a lot more attention. I hope I’m wrong, but I don’t see this improving in the fall and I think Nintendo is going to have a hard time competing with Sony and Microsoft. I’m really glad that Nintendo made some killer profits this year with the 3DS, but I think it is time they start planning a little more strategically with the Wii U.

For more information on everything Nintendo you can check out their website at Nintendo.com