financial-results
November 4th, 2009 at 08:01pm
Under PSP
THQ has released its financial results for the second quarter of its fiscal 2010, which ended September 30, 2009, and things are mostly looking up. The company lost money this quarter compared to the same period last year, posting non-GAAP net sales of $100.38 million, down from $151.62 million during Q2 of its fiscal 2009. However sales are up for the entire year, with THQ posting net sales of $334.28 million for its fiscal 2010 thus far, up from $272.69 million last year, a 22 percent increase.
THQ blamed the second quarter dip on a lack of new titles, though it hopes to have a good holiday season thanks to a “strong mass-market line-up” including WWE Smackdown vs RAW 2010 and MX vs ATV Reflex. The company was also sure to mention its triumph in the JAKKS Pacific lawsuit, which resulted in a much lower payment to the longtime WWE series developer (though the scuffle is still haunting the publisher).
Finally, THQ promised to prevail in its march to profitability by the end of fiscal 2010. Though the company expects its Q3 2010 to be 5-10 percent lower than the same period last year, it predicts Q4 sales will exceed those of last year. A reasonable hope, given that all of THQ’s major releases drop in its fiscal Q4, including Darksiders, Metro 2033 and the Dawn of War 2 expansion, Chaos Rising.
2009 THQ year-to-date sales up 22 percent over 2008 originally appeared on Joystiq on Wed, 04 Nov 2009 19:01:00 EST. Please see our terms for use of feeds.
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Tags: business, financial, financial-results, thq
By Mister-X
Continue Reading 2009 THQ year-to-date sales up 22 percent over 2008
October 29th, 2009 at 02:40pm
Under DS
Nintendo’s profits took a 52 percent dive in the first-half of 2009 compared to the same period last year, which sounds horrible — until the realization hits that the company still brought in $766 million in pure profit. Yes, Nintendo is still doing all right, even as it cut its profit forecast for the fiscal year ending March 2010 from $3.3 billion to merely $2.53 billion. Tragic, we know.
The Wii has now sold 56.14 million units globally, while the DS has reached 113.48 million in unit sales. There’s been a general slowdown of software sales, however, as the House of Mario has had fewer high-profile releases so far this year — we count only: Wii Sports Resort. Although investors may see the profit decline as a bad thing, it’s not like Nintendo’s plump plumber is going to be forced to cut back on those hearty meals any time soon.
Source — Nintendo financial report [PDF]
Source — Nintendo profits slide (MCV)
Nintendo half-year results show profits down in ‘09; still making boffo bucks originally appeared on Joystiq on Thu, 29 Oct 2009 13:40:00 EST. Please see our terms for use of feeds.
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Tags: 2009, earnings, financial, financial-results, hardware, nintendo, profits, sales, software
By Mister-X
Continue Reading Nintendo half-year results show profits down in ‘09; still making boffo bucks
October 20th, 2009 at 05:30pm
Under Wii / Nintendo
Striding into informed meta-prediction territory, several Tokyo-based analysts have suggested that Nintendo may cut its earnings forecast in preparation for a decline in profits — the first in six years. According to a Bloomberg report, Nintendo’s adjustments will be prompted by slowing Wii sales and a stronger Yen.
Scheduled to report earnings on October 29th, Nintendo is expected to indicate an 11 percent fall in net income to 249.3 billion yen (nearly $2.75 billion) for the fiscal year. Soichiro Fukuda, a Tokyo-based Citigroup Inc. analyst, expects “a large downward revision” from the manufacturer in the form of a 29 percent profit drop to 201 billion yen (roughly $2.2 billion).
While the figures make for dry reading, they illuminate the altered landscape in which Nintendo and its products now compete. Standing atop a wobbling economy, the games industry now hosts a revitalized PlayStation 3 and a Wii that brings in fewer dollars — the only thing that hasn’t changed, of course, is our desire to buy the DS again and again.
Analysts: Nintendo may forecast drop in profits originally appeared on Joystiq on Tue, 20 Oct 2009 16:30:00 EST. Please see our terms for use of feeds.
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Tags: financial-results, it-prints-money, nintendo, profits, Wii / Nintendo
By Mister-X
Continue Reading Analysts: Nintendo may forecast drop in profits
July 24th, 2009 at 10:31am
Under Xbox+ Xbox 360
Microsoft’s Entertainment and Devices Division — the gaming and Zune portion of the company — has announced profits for the fiscal year that ended on June 30. Unfortunately for Microsoft, it’s 66 percent less profit than last year ($169 million, down from $497 million). In this economy, though, some profit can still seem like a total win.
Revenue from Xbox 360 and PC sales dropped in the fourth quarter by 12 percent, to $110 million, due mostly to reduced Xbox 360 hardware sales and, of course, the fact that the systems cost less and brought in less revenue per console than in 2008. Shipments declined in this period from 1.3 million in 2008 to 1.2 million units. Overall, however, shipments increased from 8.7 million to 11.2 million units. Go figure.
Xbox division profits for second straight year, but … originally appeared on Joystiq on Fri, 24 Jul 2009 09:31:00 EST. Please see our terms for use of feeds.
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Tags: financial-results, microsoft, microsoft-entertainment-and-devices-division, sales
By Mister-X
Continue Reading Xbox division profits for second straight year, but …
