Posted on May 7, 2014 AT 03:51am
Nintendo has published its numbers for the end of its most recent financial year, reporting an annual operating loss of 46.4 billion yen ($456 million).
The company reported a net loss was 23.2 billion yen ($228 million). In the first three months of 2014 Nintendo managed to move 590,000 3DS units and 310,000 Wii U, bringing the total lifetime sales of the two platforms to 43.33 million units and 6.17 million units, respectively.
The report mentioned the Wii U’s poor performance as a contributing factor to the losses. “The global sales of the “Wii U” hardware and software [for the fiscal year] reached only 2.72 million and 18.86 million units respectively… The “Wii U” hardware still has a negative impact on Nintendo’s profits owing mainly to its markdown in the United States and Europe, and unit sales of software, which has high profit margins, did not grow sufficiently.”
Nintendo plans to stimulate Wii U sales by increasing the amount of Nintendo DS titles available via the Virtual Console, and by introducing new software that takes advantage of the Wii U Gamepad. The GamePad is seen as the console’s “most important differentiator.”
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