Nintendo Back in the Black Despite Wii U Having "Negative Impact" on Profits
Nintendo sold just 460,000 Wii U consoles during the six month period ended September 30, and 3.91 million units since it launched. Perhaps a bit stubbornly, Nintendo still expects to sell 9 million consoles by the end of its 2014 fiscal year. Color us skeptical.
The low sales aren't the only problem. Nintendo said the main reason why the Wii U is negatively affecting profits is because the company rolled out price drops in the U.S. and Europe, which ultimately led to an operating loss.
Even though the Wii U isn't doing Nintendo any favors, the company posted a profit of 600 million yen ($6.14 million) on revenue of 196.6 billion yen ($2.01 billion). That's a marked improvement from last year's loss of 28 billion yen ($285 million). The other positive for Nintendo is that it continues to enjoy "strong sales" in Japan for its 3DS family (3DS, 3DS XL, and 2DS).