July 31, 2009 |
Remember when the Nintendo Wii game console was so popular that it was hard to find in stores? Now Nintendo Co. is having trouble finding customers, and profit at the Japanese company is slipping more than a wee bit. Nintendo, based in Kyoto, reported Thursday that profit for the three months ended June 30 fell 60% to $442.8 million, down from $1.1 billion in the same quarter last year. Much of the plunge in profit was caused by a 57% drop in sales of Wii consoles -- Nintendo sold 2.
June 5, 2008 |
NOTE TO READERS Beginning today, Business will occasionally print excerpts from the Technology blog, which examines the business and culture of our connected lives. Visit latimes.com /technology. -- Nintendo Co.'s latest video game, Wii Fit, has declared that I have the body of a 47-year-old. Never mind that I'm, well, younger than that. The new fitness game is part of a burgeoning trend -- video games that claim to be good for you. Taking a knock at the stereotype of video gamers as couch potatoes, the Wii console has pulled players off of their behinds to bowl, bat and backhand their way through games using a wireless motion-sensing remote control.
August 2, 2007
It's no surprise that the video game Jimmy Lesondak, also know as DJ ! (pronounced "DJ Shift 1"), plays most on his Nintendo Wii is Cooking Mama. After all, in the game, players use natural motions of the Wiimotes to create spicy virtual dishes. (Peel the potatoes by angling the controller down, chop the onions by vigorously shaking it up and down, and so on.) So it got the 26-year-old Lesondak thinking.
June 1, 2009 |
Dan Aykroyd has waited two decades for the "Ghostbusters" film franchise to come back from Hollywood's great beyond, and now it's so close he can feel it in his bones. "I'm just waiting for that magic phone call," Aykroyd said with a wistful smile. "One day, the producer calls you and says, 'We have a production number,' and that's the real green light. And it's coming soon, I hope. . . . We could be in production by winter."
January 30, 2013 |
In an admission that the launch of its new Wii U console has been slower than hoped, Nintendo Co. slashed its earnings forecast on Wednesday. The Japanese gaming giant said its revenue for the fiscal year ending March 31 would be about $7.35 billion, down from a previous estimate of $8.883 billion. And instead of an anticipated $219 million in operating income, Nintendo predicted that it will end the year with a $219-million operating loss. In a statement to investors, the company attributed the changes to "sales performance in the year-end sales season and afterward.
November 16, 2012 |
Nintendo's plans to make its Wii U a new way to watch TV and movies are on hold, at least for a few weeks. After previously saying the features would be available when the new video game console goes on sale Sunday, Nintendo said Friday that the Wii U's video-on-demand and interactive TV options will come online later. The Japanese video game giant said the Wii U's ability to interface with popular Internet VOD services such as Netflix, Amazon, and Hulu Plus will launch in "the coming weeks.
November 26, 2012 |
Nintendo sold more than 400,000 units of its new Wii U console in the United States last week, its first time on sale. That essentially sold out the available inventory, Nintendo of America President Reggie Fils-Aimes told Reuters, as avid fans quickly bought up Wii U's at retail stores and online. Most new video game systems sell out when first on sale. The real question for Nintendo, which recorded its first net loss in 30 years during the last fiscal year and recently slashed estimates for the current one, is whether mainstream buyers will purchase Wii U's in the coming weeks and months.
March 1, 2010 |
When Nintendo's Wii console came out, couch potatoes across the country rejoiced. Here was a way to get in shape and play video games at the same time! But the bowling, tennis and other early sports titles ultimately delivered less-than-challenging workouts. Several years later, the Wii has become a more legitimate fitness tool, with a number of personal training titles that promise to burn fat and build muscle. Not all of them deliver. Some are too easy, too boring or just too repetitive.
December 16, 2006 |
Nintendo of America on Friday issued a "Wiicall." The video game maker will replace the wrist strap for its Wii console's novel controller amid reports that some straps broke during game play, causing the device to fly out of users' hands and shatter television screens. The voluntary recall represents a setback for the popular console, which outsold Sony Corp.'s PlayStation 3 game system more than 2 to 1 last month and nearly matched sales of Microsoft Corp.'
January 26, 2007 |
Booming year-end sales of the wand-wielding Wii game console sent profit at Nintendo Co. soaring 43% for the nine months ended in December, the Japanese manufacturer of Pokemon and Super Mario games said Thursday. Nintendo, which also makes GameBoy Advance and Nintendo DS hand-held consoles, recorded profit of 131.9 billion yen ($1.1 billion) in the first nine months of the fiscal year, up dramatically from 92.2 billion yen the same period a year earlier.