Nintendo recently published a note in which it said it will report an annual operating loss of 45 billion yen ($575 million) for the December quarter. Analysts had expected the Japan-based gaming giant to report a 4.2 billion yen loss, Reuters said Thursday. The company now expects to ship 10 million Wii consoles, instead of the original 12 million projected, and 14 million units of its portable 3DS gaming consoles, down from 16 million units. ”We had higher expectations for the year-end season, but f...

Nintendo announced on Tuesday that it has shipped more than 4 million 3DS units worldwide in nine months. That’s more than the number of Wii units Nintendo sold during that console’s first nine months on the market, though Nintendo did announce that it sold more than 4.5 million Wiis in the U.S. alone last year. “One of the strongest software lineups in our history helped Nintendo have a great holiday season and to close 2011 with a full head of steam,” said Scott Moffitt, Nintendo of America�...

Sales of Microsoft’s Xbox 360 video game console trounced the competition in November, nearly doubling PlayStation 3 sales and sales of Nintendo’s Wii console. According to November sales data from leading market research firm The NPD Group, Microsoft sold 1.7 million Xbox 360 consoles in November. While Sony managed unit sales growth of about 70% year-over-year, the company only sold about 900,000 PlayStation 3 consoles last month. Nintendo sold 860,000 Wii consoles, 795,000 portable Nintendo 3...

Shigeru Miyamoto, the genius behind hit Nintendo games such as The Legend of Zelda, Super Mario Bros. 2 and many more, has no intentions of retiring or stepping down from his current position, Nintendo said in a statement Thursday. The comments were made after Wired published an interview in which Miyamoto suggested he was going to retire from his current position to focus on smaller projects and allow a new generation of Nintendo programmers to take the spotlight. “What I mean by retiring is, retiri...

Nintendo announced earlier this week that the company kicked off the holiday shopping season with a bang, having seen record-setting sales of its Wii and multiple game titles. Nintendo sold more than 500,000 Wii consoles on Black Friday 2011 alone, making it the console’s biggest Black Friday ever. The company’s newest addition to the Zelda franchise, The Legend of Zelda: Skyward Sword, sold 535,000 copies since launching on November 20th to become the fastest-selling Zelda game of all time. Super...

Sales of video games and video game hardware remained lackluster in October according to market research giant The NPD Group. Overall industry sales in the U.S. grew just 1% to $1.08 billion last month compared to October 2010. Total hardware sales were up 6% year-over-year to $295.6 million in October, and software sales were up 3% to $621.3 million. Sales of video game accessories in the U.S. dipped 5% to $135.9 million last month. Microsoft’s Xbox showed the most impressive growth among home consoles...

In 2009, the Nintendo DS generated 70% of all portable gaming revenue in the United States, but in the last two years its share has been devoured by Android and iOS. The two mobile operating systems now account for 58% of all portable gaming revenue in the United States according to Flurry, up from 34% in 2010 and 19% in 2009. Nintendo DS fell from a 70% share in 2009 to a 57% share in 2010 and tanked again this year to an estimated 36% share. Sony’s revenue share slid substantially as well. It fell fro...

Nintendo’s president Satoru Iwata recently reiterated that Nintendo will not develop games for Apple’s iPad, iPod and iPhone, despite recent pressure from investors to jump on the iOS bandwagon. “This is absolutely not under consideration,” Iwata told the Japanese news outlet Nikkei following the company’s recent 3DS press conference. “If we did this, Nintendo would cease to be Nintendo. Having a hardware development team in-house is a major strength. It’s the duty of...

During the Nintendo 3DS Conference in Japan on Tuesday, Nintendo’s president Satoru Iwata discussed the company’s plans to boost interest in its 3D portable gaming console. Nintendo will add the ability to record 3D video on the device, which is currently only capable of snapping 3D photos, and will sell a new joystick add-on. Nintendo will also launch a pink 3DS in October in an effort to attract female gamers. But those new options as well as 43 new games, including Super Mario 3D Land, will not...

Sales of video game hardware, software and accessories in the United States continued to slide in August according to new data from NPD Group, again dipping more than 20% compared to the same period last year. Overall industry sales slid 23% to $669.9 million last month from $873.8 million in August 2010. Hardware sales were down 12% from last year to $249.4 million, accessory sales were down just 1% to $134.7 million and software sales plummeted 34% to $264.8 million. ”August 2011 sales saw a declin...

Much has been made of the video game console business’ steady decline, and rightfully so; console sales have dropped considerably in recent months. Some attribute the sliding sales to a weakened economy while a minority believe trends are turning toward casual mobile gaming, but market research firm IDC says we shouldn’t be sounding any alarms just yet. In a new report, IDC suggests that console gaming will begin to reverse current downward trends in 2012, with a big-time resurgence to follow in...

Sony announced on Tuesday that it is lowering the price of its 160GB PlayStation 3 console to $249, down from the console’s original $299 price tag. In addition, Sony will now sell the 320GB version of the PlayStation 3 for $299 instead of $349. The Japanese consumer electronics firm also dropped the price of the system in Japan and in Europe. The move is likely an effort to tackle Microsoft’s Xbox 360 console, which has been the best-selling console in the United States for past seven months acco...

Nintendo’s recent decision to drop the price of its Nintendo 3DS handheld gaming device looks to have paid off. In the device’s first full week of sales following Nintendo’s price drop, the company sold 215,000 units in Japan alone, where the 3DS now retails for 15,000 yen following its launch at 25,000 yen. Weekly sales of the portable 3D console dipped from 31,826 units to 16,415 in the week following Nintendo’s announcement that the price would soon drop, for obvious reasons. With ...

U.S. video game industry sales were down 26% in July compared to the same period last year according to new data published by The NPD Group. Hardware sales were down 29% year-over-year to $223 million, video game software sales dipped 17% to $336.2 million and sales of video game accessories were down 8% to $127.8 million. Microsoft’s Xbox 360 was the best-selling console in the U.S. for the seventh consecutive month with unit sales of 277,000, though July marked the first time the Xbox saw a year-on-y...