InfoAnda - Nintendo sees profit next year, but shares tumble |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Clinton hopeful Mideast talks will begin this year | 15 February 2010
Apple's PR Says Jobs "Relax" Email Is A Fake | 3 July 2010
'Glee' to release first live album | 19 July 2011

Palin dines, prays with Rev. Billy Graham in NC | 23 November 2009

Forum Views () Forum Replies ()

Read more with google mobile : Nintendo sees profit next year, but shares tumble |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Davos 2012 Technology Media Small Business Legal Deals Earnings Summits Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Steven Brill Geraldine Fabrikant Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) REUTERS TV Soros's secret for saving Europe Look at the European crisis through Germany's eyes: Why can't all of Europe grow and balance budgets? That won't happen, legendary investor George Soros tells Chrystia Freeland. But here's how Germany can save Europe - and how Europe can help itself. Video Why George Soros bought Italian bonds Democracy's odds in Russia and Myanmar Soros on Obama vs. Romney Follow Reuters Facebook Twitter RSS YouTube Read U.S. outrage as Egypt bars Americans from leaving 26 Jan 2012 Romney puts Gingrich on defensive in Florida debate | 2:42am EST Gingrich jab at debate moderator deflected 26 Jan 2012 Corruption scandal shakes Vatican as internal letters leaked 26 Jan 2012 Irishman makes "billion-euro home" of shredded notes 25 Jan 2012 Discussed 365 Subculture of Americans prepares for civilization’s collapse 216 Abortion safer than giving birth: study 160 Romney reports tax bill of $6.2 million for 2010-11 Watched Google at your own risk Thu, Jan 26 2012 Angelina Jolie fascinated by "bizarre" Republican presidential race Sun, Jan 22 2012 Bolivian coca growers want new road Thu, Jan 26 2012 Nintendo sees profit next year, but shares tumble Tweet Share this Email Print Related News Smartphones power record Samsung profit; sets $22 billion capex Thu, Jan 26 2012 Nintendo sees first annual loss, cuts 3DS forecast Thu, Jan 26 2012 Japan's NEC to slash 10,000 jobs Thu, Jan 26 2012 Nintendo cuts annual sales forecasts for 3DS, Wii Thu, Jan 26 2012 Sony Ericsson loss heralds tough start for sole owner Thu, Jan 19 2012 Analysis & Opinion Apple juggernaut regains warp speed with new pilot For-profits vs not-for-profits Related Topics Tech » Media » Nintendo Co President Satoru Iwata speaks during their strategy and earnings briefings in Tokyo January 27, 2012. Credit: Reuters/Toru Hanai By Isabel Reynolds TOKYO | Fri Jan 27, 2012 2:00am EST TOKYO (Reuters) - Nintendo President Satoru Iwata dismissed the idea that the age of the dedicated handheld games device was over and said he aimed to return the company to substantial profit in 2012/13, after it warned of its first ever operating loss this year. Shares in Kyoto-based Nintendo Co Ltd tumbled nearly 8 percent to an 8-year low after it slashed its full-year guidance for the third time in 6 months, and analysts said the potential market for its products was shrinking rapidly. The creator of the Super Mario franchise reported a sharp drop in quarterly earnings, as its sales of its games devices that have dominated the industry for years were hit by competing gadgets such as Apple Inc's iPhone. Iwata said he blamed the dismal results on a mixture of strategic errors and the difficult business environment created by the strong yen and European consumer gloom. "Nintendo is facing its worst results since it entered the games business. What matters now is how Nintendo can make a profit from next year onwards, even under these harsh conditions," he told an analysts' meeting. The maker of the Wii home console and DS handheld games is struggling to compete as sales of more versatile smartphones and tablets boom, and poor sales forced it to slash the price of its much anticipated 3DS handheld game device in August. "The profitability of 3DS hardware was the biggest issue for earnings this financial year, but it looks like we'll be able to resolve the problem we've been having with losses on the 3DS during the first half of the next financial year," Iwata said. "We should be able to generate a large profit by getting rid of losses on the 3DS hardware, if we can substantially lift sales of software." A Nintendo spokesman said the company expected to stop losing money on each 3DS sold, thanks to economies of scale and changes to the internal design of the device. But Nintendo shares closed down 4.1 percent at 10,310 yen, after falling to 9,910 yen shortly after the market opened, their lowest since February 2004. It has lost nearly 60 percent of its value since the start of last year. "The company's core handheld business is under assault from smartphones, iPods and tablets, and we see competition for consumer wallet share continuing," said analyst Michael Pachter of U.S.-based Wedbush Securities in a research note. "The fact is that a significant share of Nintendo's market is gone forever, and we don't expect the company to come up with a practical strategy to stem the declines in sales we have forecast," he added. "We do not expect the company's fortunes to turn in FY 13." NEW HOME CONSOLE BY CHRISTMAS Nintendo said on Thursday its third-quarter operating profit fell 61 percent to 40.9 billion yen ($529 million) and it forecast an operating loss of 45 billion yen for the financial year to March 31, far worse than analysts' average forecast of a 4.2 billion yen loss. Sales of its 3DS slumped shortly after launch in February, forcing the company to slash prices just six months later and take a loss on each device, something it had prided itself on avoiding in the past. Even so, Nintendo cut its full-year 3DS sales forecast to 14 million from 16 million, while sales of its ageing Wii and the previous generation DS have fallen faster than expected. It also faces stiff competition in the home console market from Sony Corp's Move and Microsoft Corp's Kinect, and some analysts say the console market may dry up over the next several years as cloud gaming takes off. Nintendo will launch its Wii U console, a successor to the phenomenally successful Wii, in Japan, the United States, Australia and Europe at the year-end, after showing a final version at the E3 games show in June. But Masayuki Otani, chief market analyst at Securities Japan, said the market was unlikely to have high hopes for the Wii U, although the slide in the share price may be reaching an end. "The pace of the share price decline is easing and it may be near a floor, but it would be hard to predict a rapid recovery," he said. Iwata said a leap in 3DS sales after the launch of a raft of software late last year showed that dedicated handheld games gadgets still had a future. "I believe we have disproved the extreme theory that there is no longer a demand for handheld devices," he said. ($1 = 77.34) (Additional reporting by Dominic Lau, James Topham, Reiji Murai, Daiki Iga; Editing by Edwina Gibbs, Michael Watson and Alex Richardson) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 27 January 2012
U.S. to Iraq: don't blow this opportunity |
U.S. outrage as Egypt bars Americans from leaving |
MSF quits prisons in Libya city over torture |
US and Philippines eye stronger defense ties |
Italy ship captain wasted precious hour |
Iraq says to take legal action for Haditha victims |
AT&T reports $6.7 billion loss on hefty charges, iPhone costs |
House lawmakers seek Google answers on privacy policy |
Eyes on Samsung smartphone sales, spending plans |
Leonard Cohen's new take on Old Ideas |
Spinoff for The Office in the works at NBC |
Private: #1 Suspect tops Bestsellers List |
The big lessons from celebrity estate wars |
Security Council meets on Syria; revolt nears Damascus |
Carnival sued by crew member over cruise ship disaster |
Sectarian attack kills 14 of same family in Syria |
Fear shrouds election race in Manipur, India's dark jewel |
Ill-fated Italian ship inspired by EU |
Four dead, 22 missing in Rio buildings collapse |
Former Guatemala dictator faces war crimes charges |
PNG's failed mutiny worsens investment risk: S&P |
Two Uighurs deported from Cambodia to China get life |
Smartphones power record Samsung profit; sets $22 billion capex |
Nintendo sees profit next year, but shares tumble |
Analysis: Asia may not be such easy pickings for Apple |
Apple overtakes Samsung in Q4 smartphone sales: report |
Lawmakers press Google on privacy policy changes |
Twitter to restrict user content in some countries |
Facebook takes on 'clickjacking' spammers in court |
Motorola posts loss, awaits Google deal approval |
McAfee rejects Symantec claim about market share |
Michael Jackson's legacy cemented by children |
Pat Sajak: Vanna White and I were drunk on Wheel of Fortune |
Welcome Back, Kotter star Robert Hegyes dies at age 60 |
Finding Paul Simon, seeking Sugar Man at Sundance |
Costa offers settlement for passengers |
Taliban willing to compromise, Afghan negotiators say |
Iran could ban EU oil exports next week: lawmaker |
German Angst as U.S. troops bid Auf Wiedersehen |
Suicide bomber kills 31 in Baghdad attack |
Germany reminded of neo-Nazi peril on Holocaust day |
Kenya counters vote-rigging with electronic register |
Yemen's parallel revolution inspires street-level protests |
German court rules against Samsung in suit with Apple |
Investors tune in to Philips outlook, TV sale |
French telco regulator to inspect Free's network |
Michael Jackson's legacy cemented by children |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01