Wii U sales rise, but Nintendo continues to lose money
Nintendo has had a mixed first financial quarter, Wii U sales are beginning to rise, but the company is continuing to run at an operating loss.
In the first financial quarter (April – June) Nintendo’s Wii U has begun to make some progress with 510 thousand consoles sold during the quarter. The best selling Wii U title of the quarter was Mario Kart 8 with 2.82 million copies of the game sold worldwide, despite only going on sale near the end of the quarter.
Nintendo’s flagship handheld, Nintendo 3DS continued to be a success for Nintendo as sold 0.82 million unit during the quarter. Nintendo claims the increase was thanks in part to Kirby: Triple Deluxe and Tomodachi Life. At the end of this quarter, the total number of Wii U units sold now stands at 6.68 million and 3DS units sold now stands at 44.14 million.
Despite the increased sales for the Wii U and continued success of the 3DS, Nintendo continues to operate at a loss. According to Nintendo’s quarterly report the company is running at an operating loss of 9.4 billion Yen (around €68.6 million) for the quarter, the total ordinary loss for the quarter was 9.9 billion Yen (around €72.2 million). The quarterly report attributes the poor figures, and still sluggish sales of the Wii U to a lack of hit titles for the system (excluding the above-mentioned Mario Kart 8).
However, Nintendo are confident that upcoming titles such as Pokémon remake for the 3DS, Hyrule Warriors, Bayonetta 2, Super Smash Bros. for Wii U and 3DS, and the character figures called amiibo will help generate more profit.
Source: First quarter Consolidated Financial Highlights [Nintendo]
Author: Aaron Meehan
Hi, I’m the creator of SG Gaming Info. When I’m not working on my writing or creating content for this site’s YouTube channel, I like to relax and enjoy character driven story games.