Home » News

Wii are the Champions of the World!

Written by bidden_sue on Wednesday, 10 December 2008One Comment

Since its release, the Wii has now sold almost 35 million units globally. In contrast, the XBox 360 has only sold almost 23 million units and the somewhat pricier PS3 a mere 17 million.

But did you realise that the only one being sold at a profit was the Wii? Yes, the other two, with their sophisticated specifications, are being sold at a loss, whereas the Wii makes Nintendo approximately $6 per unit sold. Let me see, 35 million x $6 = LOADS OF MONEY! (Actually, it’s $210 million, in case you thought I didn’t know)

This has to be good news for us, Nintendo’s fans, as it gives Nintendo a massive injection of cash to invest back into new developments.  But there’s more! Nintendo are actually responsible for 60% of the 220 million Wii games sold globally this year. Again, Microsoft and Sony trail dismally behind with just 30% of 125 million Xbox 360 games and 15% of 120 million PS3 games respectively.

Reporting on the first half of its Fiscal Year in October, Nintendo announced an income of $1.55 billion on global sales of $8.98 billion. I’d say that’s a very healthy profit margin!

However, it is lower than expected. So far this year, the Japanese yen has climbed 14% against the US dollar and 27% against the Euro. As a result, Nintendo is now cutting its full-year forecast by 16%, and now only (yes, ONLY) expects a net income of ¥345 billion ($3.5 billion) for its current fiscal year, which ends on March 31, 2009.

One Comment »

  • sherlockisback said:

    With the money that Nintendo had lost compared especially to Sony in the previous console generation, it was imperative they catch up. Sony and Microsoft had the money to burn to try to make their console a money-eater while establishing themselves as the most technically advanced consoles, while Nintendo kept it simple and made bank on the bottom line. This has set them up well in the market and will set them up better for the future, as now they can invest more than the other consoles into the next generation.

Leave a comment!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.