• Login
No Result
View All Result
The Urban Twist
NEWSLETTERS
  • News
  • Politics
  • Entertainment
  • Culture
    • Lifestyle
  • Features
  • Opinion
The Urban Twist
No Result
View All Result
Home Tech

Nintendo Profits Slip With Low Wii and 3DS Sales

Nintendo announce a slump in their profits for the year ending December 2011.
  • Daniel Mbure By Daniel Mbure
  • /
  • January 26, 2012
  • 8:36 am
Facebook
Twitter
Email

Nintendo announced a slump in their profits for the year ending December 2011. The earnings calls show that Kyoto-based Nintendo shed off $627.9 million during the 9 months ending December 2011, compared to an almost similar amount in profits the game maker made in the previous year 2010. Nintendo attributes this loss to slowing sales in its 3DS console as well as sliding sales for its Nintendo Wii. The company also says the strong Yen, which erodes earnings made overseas, has also had a part to play in its diminished profits.

English: Logo of the PlayStation VIta.
Image via Wikipedia

Nintendo, previously marketing their gaming consoles to so-called “casual gamers” are beginning to feel the heat from smart gadgets such as Apple’s iPhone and iPad, both of which allow users to play games interactively while on the go. To add to this, Sony Corp. are also lining up a new version of the Sony PlayStation Vita, which has up to 6x more processing power than the current model and is due for release to the American and European markets soon.

In a bid to allay fears that Nintendo may be experiencing challenges that it may not be able to surmount with its current stable of products, Nintendo also announced that they would be releasing a new version of the Wii, the Wii U, which shall have a touch interface in time for the holiday period end of 2012. Nintendo sales however continue to outpace PlayStation sales.

Tags: ipadiPhoneNintendoPlaystationsonyWiiWii U
Daniel Mbure

Daniel Mbure

From The Web

Related Stories

Related Posts

Entertainment

Nintendo And Panda Global Have Teamed Up To Create The First Official Super Smash Bros. Circuit In The United States

November 18, 2021
Entertainment

Oh, Mama Mia! Wario Seems to Have Taken Over Nintendo’s Twitter Account

September 11, 2021
Entertainment

After Being Removed From The PlayStation Store Due To Quality Issues, ‘Cyberpunk 2077′ Is Now Available Again

June 15, 2021
Entertainment

“Wave Break” Is The World’s First “Skateboating” Game, And It Looks Amazing

June 4, 2021
Technology

Travis Scott Reportedly In Talks With PlayStation To Create His Own Game

December 1, 2020
Technology

Spider-Cat Has Gamers Very Excited In ‘Spider-Man: Miles Morales’

October 15, 2020

TRENDING

Sorry. No data so far.

LATEST NEWS

Lance Reddick

In Memoriam: Lance Reddick, Acclaimed Actor, Passes Away at 60

2 weeks ago
The Last of Us: The Curse of Video Game Adaptations Broken?

The Last of Us: The Curse of Video Game Adaptations Broken?

2 weeks ago
College Track Star Charged with Larceny After Scamming $500,000 from Jewelry Store

College Track Star Charged with Larceny After Scamming $500,000 from Jewelry Store

2 weeks ago
Lamar Jackson’s Contract Talks with Baltimore Ravens Still Unresolved

Lamar Jackson’s Contract Talks with Baltimore Ravens Still Unresolved

2 weeks ago
The Future of NIL: Congress to Address Issues with Name, Image, and Likeness Deals

The Future of NIL: Congress to Address Issues with Name, Image, and Likeness Deals

2 weeks ago
Why Marvel Studios is Fighting Spoilers on Reddit

Why Marvel Studios is Fighting Spoilers on Reddit

2 weeks ago
  • Write For Us
  • Home
  • Contact Us
  • Terms
  • Privacy
  • Copyright & DMCA
  • About Us
  • Fact Checking Policy
  • Corrections Policy
  • Ethics Policy
  • Ownership Policy

Copyright © 2021 Phoenix Stokes Media Group, LLC. All rights reserved.
Website designed and developed by P.S. Web Pros.

No Result
View All Result
  • News
  • Politics
  • Entertainment
  • Culture
    • Lifestyle
  • Features
  • Opinion

Copyright © 2021 Phoenix Stokes Media Group, LLC. All rights reserved.
Website designed and developed by P.S. Web Pros.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.