Hello and welcome to The Rundown. Nintendo released its sales forecast this morning. As expected, things aren’t looking up for the WiiU. At the beginning of the company’s last fiscal year in April of 2013, Nintendo predicted that they would sell nine million consoles in a year. That was seriously ambitious, especially considering the Xbox One and PlayStation4 were released globally just in time for Christmas. How Nintendo really expected to move 9 million WiiUs is beyond me. The revised
It's been a rip-roaring year for auto sales, and Kelley Blue Book thinks that the current trend will continue through at least 2014. The firm predicts a total of 15.63 million U.S. new-car sales in calendar year 2013, and even higher figures for next year. KBB expects December sales stats to be strong -- right around 1.42 million units. That would...
Nintendo has slashed its fiscal year sales forecast for the Wii U, another potentially troubling sign for the video game console. In a statement released Friday, Nintendo says it has revised its sales forecast for the Wii U to 2.8 million sold during the fiscal year between April 2013 and this March. "Sales in the U.S.
A number of analysts are predicting that General Motors' June U.S. sales will underperform the overall auto industry, putting the company in danger of losing market share at a critical time. GM has issued 44 recalls covering 20 million cars and trucks this year as it undergoes a top-to-bottom safety review in the wake of a mishandled recall of small cars. So far, the automaker has announced or taken charges totaling $2 billion to cover recall costs.
Macy's reported a quarterly profit that handily beat Wall Street expectations on Wednesday, with the department store chain citing stepped up advertising for a stronger sales. Its shares surged more than 7 percent in premarket trading. Macy's earned $177 million, or 47 cents per share. That compares with $145 million, or 36 cents per share, a year ago. Revenue rose 3 percent to $6.28 billion. Analysts expected earnings per share of 39 cents on revenue of $6.19 billion.
Potbelly shares gained in after hours trading on better-than-expected results after U.S. markets ended mixed on concerns the Fed would taper its bond-buying program. The Street's Ruben Ramirez has details from New York.
BlackBerry released its second-quarter earnings report and it's just as bad as the company warned it would be. BlackBerry posted an operating loss of $965 million on sales of $1.6 billion, which marked a 49% year-over-year decline in revenues. BlackBerry reported that its cash reserves have started to bleed out, as its $2.6 billion in reported cash marked a $500 million decline from the $3.1 billion it
Nintendo has just posted their financial results for the last fiscal year, and many of their projections fell short of their own expectations. Nintendo revised many of their forecast numbers downward in January, but the final results fell below even those altered projections in most areas. Worldwide sales ended up at $5.6 billion, down from a revised forecast of $5.79 billion, which was once projected to be $9 billion in April 2013.
Today in its fiscal fourth quarter, Microsoft reported that it sold 5.8 million Windows Phone-based Lumia handsets, a big fall from last year's numbers in which 7.4 million Lumia handsets were sold. However, Lumia sales didn’t fall 22 percent as those figures appear to indicate. Microsoft’s fiscal fourth-quarter sales figure is based on a partial-quarter sales period.
Hello and welcome to The Rundown. Today’s focus: Nintendo has come under fire for refusing to develop games on mobile platforms. Instead of creating versions of Mario, Zelda, or Metroid for iOS and Android marketplaces, Nintendo President Satoru Iwata stated that his company’s focus would remain with the 3DS, its handheld gaming console. This criticism has come on the heels of a tough fiscal year for Nintendo; the company failed to meet its sales goals as WiiU sales have been far slower th
Barnes & Noble turned the page on fiscal year 2014 on a dim note due to a decreasing number of Nook users. The bookstore chain posted revenue of about $1.3 billion, only slightly up from last year's number. To make matters worse, costs cut into profits causing the company to post a loss of 72 cents per share. Analysts didn't expect any profit, but were surprised the number was 13 cents worse than predicted. And on that down note, Barnes & Noble is ready to begin a new chapter. The bookstore anno
Colorado, the first state to tax legalized recreational marijuana sales, expects to bring in an estimated $98 million in revenue this year, exceeding the state's original expectations by 40 percent. Moody's Investors Service said legal sales will reduce the size of the black market and revenue from legal sales will mean more tax payments flowing into state coffers. School districts will likely get $40 million, or nearly 30 percent, of the projected $134 million in total marijuana tax revenues.