Nintendo To Launch New Console Next Year

Following Nintendo's first ever loss, they have announced plans to launch a new console next year but, as usual, it will be released in Japan first. Nintendo have not yet announced whether it'll be a handheld (likely) or a home console (unlikely) but we do know that it'll be shown at E3 in May. In the meantime, here's a quote regarding Nintendo's financial results:

Nintendo's group net loss totaled 2.89 billion yen ($26.6 million) in the six months ended Sept. 30. The Kyoto-based company generated profit of 19 billion yen a year ago. First-half sales rose 1.6 percent to 211.4 billion yen, the company said in a statement released through the Osaka Securities Exchange.

Nintendo today repeated its full-year net income and sales forecasts announced October. Sales are expected to total 550 billion yen and net income 60 billion yen for the 12 months ending March 31, 2004.

Nintendo also reiterated its full-year forecast of shipping 6 million GameCube video consoles, and 20 million GameBoy Advance hand-held games.

View: View Story