Nintendo Posts $97 Million Loss After More Than Tripling Wii U Console Sales Last Quarter - HotHardware
Nintendo Posts $97 Million Loss After More Than Tripling Wii U Console Sales Last Quarter

Nintendo Posts $97 Million Loss After More Than Tripling Wii U Console Sales Last Quarter

Nintendo can't seem to catch a break. The game hardware and software maker reported 74.7 billion yen (~$730.5 million) in revenue during the three-month period ended June 2014, down 8.4 percent compared to the same quarter a year ago. And despite tripling Wii U console sales during the quarter, Nintendo ended up with a 9.9 billion yen (~$97 million) loss compared to an 8.6 billion yen (~$84 million) profit in the same quarter last year.

Even though Nintendo sold 510,000 Wii U consoles during the April-June quarter compared to just 160,000 unit sales in the same quarter a year ago, the Wii U hasn't been flying off of shelves the way Nintendo hoped. Sales of the company's 3DS handheld aren't helping matters either -- Nintendo sold 820,000 3DS handheld consoles during quarter, down from 1.4 million units a year prior.

Wii U

On the bright side, Nintendo hit its sales forecast of 3.6 million Wii U and 12 million 3DS handhelds for its fiscal year through March 2015. Nintendo also reported robust sales of its Mario Kart 8 racing game, which sold 2.8 million units worldwide. More importantly, it helped boost Wii U software sales for the quarter to 4.4 million units, up from only 1 million units a year prior.

Nintendo believes the answer to moving more consoles -- and returning to profitability -- lies in releasing more hit titles. Towards that end, Nintendo plans to finish the year strong by "releasing key titles and launch new products" such as Super Smash Bros. for Nintendo 3DS, Pokemon Omega Ruby, and Pokemon Alpha Sapphire.
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I really want to see Nintendo become successful. I thoroughly impressed by their demonstrations and E3 and want to see the new titles boost their profits. I haven't picked up a Wii U yet, but I know of the "next gen" consoles, this is the only one I'd spend my money on.

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I think we will see Nintendo die out.

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If they'd put more effort into getting the good games out they'd sell more systems, I pretty much only have a wii U for 3 games, Whatever the new Zelda is, Mario Kart, and Super Smash Bros. only 1 of the games I actually care about is out. How can they not realize by now if they want to sell a console they need good games?

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Nes Remix is pretty cool, and the New Super Mario Bros isn't too bad either.

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Thanks for the accurate title

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To someone who isn't in the business world, yes it looks like they lost that much money. But, it does say "quarter" so it is talking about the quarterly sales.

I do hope that Nintendo stays alive. They just did a bad job with the naming and marketing of the Wii U. TBH, though, the touch screen pad thing isnt all too exciting. I haven't seen anything amazing on it. The best thing was a mini-game in Nintendo Land where you stalk people as a ghost.

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As they've seen in the past, software is what sells systems. Perhaps not with the Wii, as it was a gimmick, but the 3DS was a "failure" according to many video game sites for it's first year. It wasn't until they got some software out, as well as dropped the MSRP, that it started selling well. It's not really all that difficult to see. I'm just glad they finally showed off some stuff for the Wii U this past E3, opposed to wiping it under the rug *cough* Vita *cough*.

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Nintendo should stop trying to compete with the console market, and instead start to make games for PC, Xbox, and Ps4. They would be much better off IMO.

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its not for a lack of good games, its the hardware... Wii U is too gimicky and not enough awesome. People want a kick ass powerhouse that can push the envelope. Not something that looks like its JUST for kids. I look at the wii u and think "leapfrog" for little kids. The Wii was great because it was a whole new type of gaming... but that phase is over. 

They need to dump the Wii U and either make a great new system or stick with the Handheld market (which they destroy all others in)

 

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I agree. Nintendo with its last few systems have been way behind sony and microsoft when it comes to hardware, but they have sold relatively well. This is their first bad selling system since the virtual boy. :/

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I wonder how many people have really messed with the Wii U. Honestly, I love the touch pad controller. I was expecting it to be clunky and awkward feeling and was incredibly impressed with how well it actually fit in my hands. Also, I've found it to be incredibly nice (at least in the games I've played) to have as a second screen. I would agree that they make it look a little too much like it's focused on children, but the games are still fun. That's my opinion at least.

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