A 4SquareMedia Website

> Wearable Technology
> Appliances
> Automation
> Automotive
> Buyers Guide
> CEDIA 2010
> Comment
> Content & Downloads
> Digital Photography
> Gaming
> Green Energy
> HD
> Home Cinema
> Home Office
> How Stuff Works
> Installation
> Portable Players
> Media Centres
> Phones
> Real Sound
> Reviews
> Smart Awards 2013
> Smart Ideas
> Trio Awards 08
> TVs & Large Display
> Wireless & Networking
> Featured Reviews
> Advertising
> Competitions
> Contact
> Disclaimer
> Signup
> Terms & Conditions
> Subscribe to Newsletter
> Subscribe to Magazine

Top 10 Viewed Articles
  1. Who Has The Best LCD TV: Sony, Toshiba Or Samsung?
  2. FIRST LCD TV REVIEW: LG Scarlet 60 Vs Samsung Series 6
  3. Sony PS4 Not Far Away
  4. The Humble PC Gets A Whopping Makeover
  5. Sony Bravia LCD TVs Vs Samsung LED HD TVs Which is Best?
  6. Toshiba Working With Microsoft On New Entertainment Xbox
  7. Blu-ray Xbox 360 Planned By Microsoft
  8. Massive Failure Rate For Xbox 360 Exposed
  9. Free Sony PS3 Con
  10. How To Build Your Own Digital Media Server: Part I
Top 10 Viewed Reviews
  1. First Review: Samsung Series 7 LED TV
  2. Movies On-The-Go With Teac DVD Boombox
  3. Who Has The Best 32-inch Screen: Panasonic, Samsung, or Sony?
  4. Who Has The Best Home Theatre Kit? Denon vs Bose
  5. Every Bit Of Defence Counts
  6. New Denon Home Theatre Makes Bose Look Like Yesterdays Technology
  7. Best Media Player On The Market
  8. At $1,499 The Aldi Medion 17-inch Notebook Is A Steal
  9. Affordable Noise Cancelling Headphones That Work
  10. B&W 600 Speaker Delivers Real Sound


Game Over, Mario? Nintendo Profits Crash 'N Burn

By Oonagh Reidy | Tuesday | 21/01/2014

Japan - Nintendo cuts forecasts, predicts losses as Wii consoles, games flounder against glossy rivals Xbox One and PS4.

Despite Christmas being a bumper period for gaming, Nintendo has crashed and burned against PlayStation and XBox, both launching new consoles in November, which led to shortages globally.

The Japanese gaming giant has now downgraded its forecast for the full year to March 31, predicting net losses of 25,000m yen, or around A$272m - down from $598m profit forecast. 

Nintendo is also predicting an operating loss of A$380 million - a far cry from the $1.08bn predicted less than a year ago.  

"We can no longer expect our financial performance to recover in the current fiscal year," it warned investors this week.

"In the year-end sales season which constitutes the highest proportion of the annual sales volume, software sales with a relatively high margin were significantly lower than our original forecasts mainly due to the fact that hardware sales did not reach their expected level."  

Both Microsoft and Sony have sold several million Xbox One's and PS4's, to date, and the high demand will continue for the foreseeable future, say gaming retailers.  

By comparison, Nintendo will sell just 2.8 million Nintendo Wii U's - down from 9 million forecasted - and just 1.3 million Nintendo 3DS' in the 12 months to March 2014, its forecast indicates.  

By default, sales of Nintendo games like Mario Bros, Pokemon are also floundering, as mobile games like Angry Birds and Candy Crush Saga too, are cannibalizing tradition platforms. 

Nintendo's refusal to develop a mobile platform has played a part in its downfall, as PS4 and Xbox One markets themselves as fully fledged entertainment devices, with mobile games, TV, movies and the Internet at gamers' fingertips. 

Nintendo's share price fell following the gloomy outlook, closing 6% lower. 

Print this article
Email this story to a friend
Link this story:
Link this page to delicious Link this page to Digg Link this page to Furlit Link this page to News Vine Link this page to Reddit Link this page to Spurl Link this page to Yahoo My Web RSS this section

New LG 65   New LG 65" Ultra High Definition TV, Complete With Pop Down Speakers: REVIEW
LG Australia has finally rolled out their 65" Ultra High Definition TV offering in Australia and what you get is a TV that delivers a quantum leap in TV technology and surprisingly a significantly improved sound system that is delivered from pop down speakers but the big question is whether it is worth $6,999.
Product Rating 4.5

Westfield To Split   Westfield To Split
Shopping giant to separate ANZ, international operation
Product Rating 0

REVIEW:Note 3 Is The Best There Is In Phablet Smartphones   REVIEW:Note 3 Is The Best There Is In Phablet Smartphones
If you are one of those people who love technology but struggle to manage the hundreds of apps and the endless capabilities that today's smartphones are capable of delivering then the new Samsung Note 3 is not for you.
Product Rating 5

Get the latest news
Subscribe today for your daily news of consumer electronic news...
Get the latest news

reaches over 2 million consumers a year. Contact us today about special deals..

For more information ...

Apr/May 2011 issue

reviews the hot new iPhone attach device, the Zeppelin Air. And we look at what's going on in the tablet space...