Press
Earnings Roundup: Nintendo, AT&T and Nokia Make Mad Bank
Posted by Matt Buchanan at 2:30 AM on January 25, 2008
It's the end of the quarter, which means it's raining earnings reports—companies tell investors (and the world) just how much coin they're swimming in (or bleeding out). Today, Nintendo revealed that the Wii is printing money twice as fast as last year; AT&T pulled in almost 3 million new subscribers; Nokia now commands 40 percent of the handset; and Netflix is doing pretty well, too. Big numbers are this-a-ways.
So how fast is the Wii printing money now vs. last year? Because Nintendo is all weird and Japanese (not really), they don't do a quarterly breakdown, but a three-quarterly breakdown. Having sold 20 million Wiis worldwide—14.29 million in the last nine months—and over 64.79 DSes—nearly 25 million in the last nine months—Nintendo raked in a ridonkulous US$2.43 billion profit, or almost double what it made in the same period last year. They also said they're going to make even more money this year than previously thought.
While AT&T pulled in 2.7 million new suckas, most of the profit boost vs. last year actually spurs from its digestion of BellSouth, which had taken place at the time. They posted profits of US$3.1 billion for the quarter, up from US$1.9 billion last year on revenues of US$30.3 billion, up from US$15.9 billion. U-verse rollout is still moving along, with an expected 1 million subscribers by the end of the year. Exciting!
On the Nokia front, their profit is up 44 percent to US$2.6 billion, having reached their lifelong dream of claiming 40 percent of the handset market. They sold over 133 million of 'em from October to December—a lot of gabbers. Naturally their stock shot up on the news, while poor Motorola is pretty much bombing the hells outon all fronts. Guess we know where Nokia pulled some of its newfound marketshare from.
Netflix is still rollin' dough too, even as it stands on the brink of assault from multiple fronts—subscribers are up 18 percent, to 7.5 million, which helped them pull in US$15.4 million, a nice little boost from US$14.9 million last year. Good job, guys!
And that's it for today's money-grubbing. [NYT, NYT, NYT, NYT]

Comments (AU Comments · US Comments)
There are currently no AU comments for this post.
NNTPgrip
Posted 3:12 AM 25/1/08
Now if netflix would use some of that money to significantly increase it's "watch instant" selection, make it multi-platform, and allow for aspect ratio correction for those of us using a PC via our VGA connection on a 16:9 TV with a rectangle-pixel 1024x768 resolution.
NNTPgrip
theespacepope
Posted 3:12 AM 25/1/08
Should be shiggy on the $100 bills.
theespacepope
windowi
Posted 3:12 AM 25/1/08
It sucks that nokia made bank and is closing their factory in Germany. Business is business I guess..
windowi
yoshi
Posted 3:12 AM 25/1/08
AT&T's wireless numbers were very impressive.
Broadband numbers were low.
U-Verse is on track to have 1 million subs by year end.
Landline has always been a struggling business. I think AT&T's VoIP play will help dampen the blows.
yoshi
karmaghost
Posted 12:08 PM 24/1/08
Nokia? Really? Is that because people in other countries are buying their cellphones?
karmaghost
e10
Posted 12:07 PM 24/1/08
Why has Nintendo's stock dropped almost 20pts since november?
e10
flyboy
Posted 6:12 AM 25/1/08
@strider_mt2k:
that's poetical - too good for here...
flyboy
strider_mt2k
Posted 6:12 AM 25/1/08
Hydrogen was up, Lead down.
Clock futures ran steady and scrubbing bubbles seem to be lifting the Dow...
strider_mt2k
Brian Sexton
Posted 6:12 AM 25/1/08
It's too bad Nintendo didn't use some of that profit to eliminate their manufacturing shortages. It's 2008 now, but I have still never even seen a Wii retail box in person let alone been able to carry one out of a store.
Brian Sexton
benitocarmona
Posted 6:12 AM 25/1/08
I have been waiting for 3 weeks on new releases from Netflix, I can't understand why they dont have those new releases available...( very long wait)
benitocarmona
uberfu
Posted 7:12 AM 25/1/08
PLEASE!
AT&T only made extra "bank" because Apple let them play with the iPhone for the next few years_
uberfu
marcusaxavier
Posted 3:12 AM 26/1/08
Wait, aren't we in a recession?
marcusaxavier