Nintendo is planning on increasing the shipments of all Nintendo hardware for the 2009 fiscal year.
Compared with original full year forecasts issued on April 24, 2008, the company sees increases in sales by 11.1%, in operating income by 22.6%, and in net income by 26.2%. Financial revisions were the result of continued robust sales for both Wii and Nintendo DS, as well as changes in the expected foreign currency exchange rates based on recent trends in the foreign currency exchange markets.
New forecasts for full year global hardware and software unit shipments for both platforms increased as follows:
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August 29, 2008 at 2:44 pm | Business & Law, Hardware | No Comments
Many predicted Grand Theft Auto IV would break some sort of record in terms of sales. Rockstar has confirmed that GTAIV broke all-time entertainment records for day one and week one sales by dollar value. Approximately 6 million units were sold globally with an estimated retail value of more than $500 million in the first week. GTAIV additionally sold approximately 3.6 million units on its opening day with a retail value of approximately $310 million globally.
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May 9, 2008 at 8:17 am | Action & Adventure, Business & Law | No Comments
It is no surprise that Nintendo is doing well in sales, they tend to showboat quite a bit about it. Nintendo’s 2007 fiscal year ended with huge profits. They posted sales of more than 1.67 trillion yen, an increase of 73 percent over the prior year, and reported FY08 operating profits of more than 487 billion yen, a year-over-year increase of 115.6 percent.
Nintendo is also projected an increase in projected shipments of the Wii console. For the fiscal year that began April 1, 2008, Nintendo forecasts global Wii console shipments increasing to 25 million.
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April 25, 2008 at 7:30 am | Business & Law, Wii | No Comments
The month of March brought Nintendo continuing success in sales. According to the independent NPD Group, which monitors retail activity in the video game industry, more than 720,000 Wii™ systems sold in March, representing the highest monthly sales total outside of holiday months (November or December) to date, while Nintendo DS™ also sold through nearly 700,000 systems.
Nintendo also finished with the top-selling U.S. game of March. Super Smash Bros.® Brawl, which launched March 9, came in at No. 1 with 2.7 million units sold.
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April 18, 2008 at 8:58 am | Business & Law, Wii | No Comments
Sony is launching a new PLAYSTATION Store coming this April 15th with an improved navigation, increased functionality and more content.
The revamp comes in response to a survey last year which showed that many PLAYSTATION Store users wanted a better interface and easier navigation. Sony promises the new design will deliver a hugely improved navigation system, much greater scope for categorisation and a dynamic new user interface.
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April 11, 2008 at 7:15 am | Business & Law, Playstation | No Comments
EA’s attempt to monopolize the gaming industry, a la Microsoft, is once again denied by Take-Two after EA’s recent buyout offer. Full details are shown in the below press release by Take-Two.
New York, NY— March 26, 2008 —The Board of Directors of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today announced that it has thoroughly reviewed Electronic Arts Inc.’s (NASDAQ: ERTS; “EA”) unsolicited conditional tender offer with the assistance of its financial and legal advisors and unanimously determined that the $26.00 per share cash offer is inadequate in multiple respects and contrary to the best interests of Take-Two’s stockholders. Accordingly, the Board recommends that stockholders not tender any of their shares to EA. The basis for the Board’s unanimous decision is set forth in Take-Two’s Schedule 14D-9 filed today with the Securities and Exchange Commission.
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March 26, 2008 at 7:53 pm | Business & Law | No Comments
Nintendo’s sales figures were solid during the month of February according to the NPD Group. The DS and Wii topped the US charts with nearly 587,600 DS units and nearly 432,000 Wii units.
“Our momentum has not let up since the holidays and we expect it to continue throughout the year,” said Cammie Dunaway, Nintendo of America’s executive vice president of Sales & Marketing. “We have the industry’s strongest lineup of games for everyone from core to casual gamers.”
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March 15, 2008 at 10:36 am | Business & Law, Wii | No Comments
Press Release below…
New York, NY – March 13, 2008 -The Board of Directors of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today recommended that Take-Two stockholders take no action at this time in response to the announcement by Electronic Arts Inc. (NASDAQ:ERTS) that it has made an unsolicited conditional tender offer to acquire all of Take-Two’s outstanding shares of common stock for $26 per share in cash.
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March 13, 2008 at 6:27 pm | Business & Law | 1 Comment
The Board of Directors of Take-Two Interactive have shot down Electronic Art’s proposal to buy the company at $26.00 per share in cash. Take-Two believes EA’s effort is to take over the upcoming Grand Theft Auto IV release, bound to increase Take-Two’s sales in the coming year.
After careful evaluation, the Board has determined that EA’s proposal substantially undervalues Take-Two’s robust and enviable stable of game franchises, exceptional creative talent and strong consumer loyalty. We believe EA’s unsolicited offer is highly opportunistic and is attempting to take advantage of our upcoming release of Grand Theft Auto IV, one of the most valuable and durable franchises in the industry. Furthermore, the offer values the Company at a significant discount to its public peers and does not compensate Take-Two for its intrinsic value and the substantial synergies that the proposed combination would create.
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February 26, 2008 at 7:43 pm | Business & Law | No Comments
Call of Duty 4: Modern Warfare, developed by Infinity Ward, has claimed #1 in units sold during the 2007 calendar year, according to The NPD Group, Chart Track and The GFK Group. That includes 7 million units sold worldwide since its launch in November.
Call of Duty 4: Modern Warfare has been given more than 18 perfect score reviews and over 40 combined Editors’ Choice and Game of the Year awards in the U.S. alone. The game has been nominated for 10 prestigious Academy of Interactive Arts and Sciences awards, including Game of the Year. Call of Duty 4: Modern Warfare also currently is the #1 Xbox 360 title on Xbox Live, based on unique users, according to majornelson.com.
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January 26, 2008 at 9:29 am | Business & Law, Shooters | No Comments
