April 25 (Bloomberg) - Nintendo Co., major manufacturer the most console video games, plans begin next year after the prediction of missed earnings estimates of analysts of sale the next version of the Wii motion detection.
The company forecast net income reach 42 percent to 110 billion yen ($1.3 billion), in the 12 months to March 2012 missing nine analysts compiled by Bloomberg estimates of average 143,8 billion yen. The projection does not include sales of the new Wii, which will be presented at the E3 Expo in Los Angeles in June, he said.President Satoru Iwata, competition of mounting of the PlayStation 3 from Sony Corp. and Xbox 360 from Microsoft Corp., account on the second generation Wii to rekindle the success of his best-selling machine, who put in place in 2006. Kyoto - Also founded Nintendo is designed to sell a "Legend of Zelda" game for his new device portable 3DS is on sale around the world in the last two months. "" The reaction of the market is likely to be negative, "said Yusuke Tsunoda, an analyst with Tokai Tokyo Securities Co." "it is expected that Wii software sales to plunge, while at the same time outlook of the company is probably also taking into account a price cut for the console." "Operating profit, or sales less cost of goods sold and administrative expenditure will be mounted 2.3% to 175 billion yen in the period, as income grows 8.4% to 1.1 billion yen, Nintendo said. Analysts expected 222.5 billion yen to operating income on 1.12 billion yen in sales.Nintendo Vs SonyNintendo increased by 0.9% to close the yen 20,330 on stock exchange in Osaka before the earnings announcement. The average Stock Nikkei 225 lost 0.1%. The shares fell by 15 percent this year.Nintendo, which has dominated the game equipment in Wii consoles and portable players since the Gameboy in 1989, seeks to defend its advance against the latest PSP of Sony.Le 3DS of $250, who went on sales to the United States, the Japan, in the past two months, Europe is also facing to the Apple Inc. iPhone and smartphones using Android from Google Inc., which attracted players with third-party applications.Sony, the second largest manufacturer of portable game in January said that it will offer the new model of the PSP by end of year holiday season. The device, NPM code name, will offer access to networks, third generation wireless and have front and rear touch pads, he said.PlayStationSony, whose player dominated by the previous generation of video game consoles, PlayStation has also introduced its controller for the detection of movement, called the Move, for the PlayStation 3 to appeal to casual users. The black controller, which resembles the baton of the Wii with a coloured ball in front, is on sale at the United States in September for $50 or $80 with a related product.In November, Microsoft Corp. introduced its Kinect motion - sensing controller with a free game for $150. The company based in Redmond, Washington last month said that sold 10 million Kinect sensors.Nintendo has sold nearly 440,000 units the player portable game 3DS in its first week of sales in the United States at the end of March. Combined with three former models, Nintendo has sold units of 860,000 DS in March, Nintendo of America President Reggie Fils-Aime said earlier this month, citing figures from the NPD Group Inc. industry tracker. A year ago, Nintendo sold 701,000 DS handhelds.The company missed its target of sales of players 3DS of 4 million for the year just ended due to the earthquake and tsunami North of the Japan last month, said Iwata.-With the help of Masatsugu Horie in Osaka. Editors: Anand Krishnamoorthy, Cho Young-Sam.
To contact the reporter on this story: Pavel Alpeyev in Tokyo at the palpeyev@bloomberg.net
To contact the editor responsible for this story: Cho Young-Sam to ycho2@bloomberg.net
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