Tag Archives: fall

Nintendo Q1 profits tumble 61%

Nintendo has become the latest video games company to suffer significant year-on-year declines, with net profits down 60.6 per cent in Q1 2009-2010 to YEN 42 billion, compared to YEN 107 billion in the same period a year before. The firm this morning reported operating profits of YEN 40bn for …

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Rock Band slump troubles Viacom

MTV parent company Viacom has revealed declines across the board for Q2 2009, with the losses in its media department pinned squarely on lower-than-expected sales of music series Rock Band. Revenues at Viacom’s Media Networks division decreased by eight per cent to $1.97bn – a figure principally due” to a …

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Games blamed as Amazons profits fall

Despite a 14 per cent year-on-year increase in Amazon’s Q2 revenue at online retail colossus Amazon, the website has reported lower than expected profits for the last 12 months – and video games have been named as one of the chief culprits. Sales for the period climbed overall reaching $4.65bn …

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Music game revenues plummet

A bit of digging at the latest NPD results for the North American games market has shown that revenues generated by leading music genre brands Guitar Hero and Rock Band have fallen 49 per cent year-on-year over the last 12 months. Gamasutra reports that June was the second month on …

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JAPAN: Market declines by 24%

The bad news continues for the troubled Japanese games industry with new stats from Famitsu-owning Enterbrain showing that the total value of the region’s games market is down 24.4 per cent year-on-year for the period between December 29th and June 28th. A slump in hardware sales of 27.6 per cent …

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Sony hit by $1bn annual losses

PlayStation platform holder Sony has reported losses of $1.04bn for the year ending March 31st – a stark dip compared to the $3.7bn profit seen in the same period in 2008. It is the company’s first annual loss of 14 years, though it’s not as bad as the previously predicted …

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CANADA: Q1 sales fall by 8.5 per cent

Stats from sales analyst NPD have shown that the Canadian video games market suffered a like-for-like fall in sales in Q1 – the first time the territory has shown an annual dip since figures began in 2002. Edge reports that retail sales of hardware and software fell by 8.5 per …

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Nokia profits plunge 90%

2009 has proved to be a testing time for Finnish mobile phone giant Nokia, with the telecoms specialist reporting a 90 per cent fall in profits for Q1 2009. Net profits reached €122m, heavily down on the €1.2bn in the same period in 2008. Sales were also down, dropping 27 …

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Retail sales dip in February

The unexpected upturn in retail fortunes seen in January has not been carried over to February, with the British Retail Consortium reporting a 1.8 per cent like-for-like drop on the High Street compared to the same month in 2008. Retail Week reports that total sales did grow, at least, increasing …

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NPD: Sony silent after January losses

Sony is the only one of the three platform holders to not yet issue a statement after NPD’s January stats for the North American market showed that PS3 was the only major console to see an annual decline in monthly sales . The numbers showed that whilst Wii sales grew …

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