Latest in Gaming

Image credit:

Nintendo has another tough year, shipped just 390,000 Wii Us in the last quarter (updated)

Share
Tweet
Share

Sponsored Links

While there's no shortage of 3DS iterations headed to the market, Nintendo is having a harder time selling its new Wii U. Profits for the year are also half of its own predictions, despite the fact that Nintendo reduced its rosy estimates in the interim. Net sales are down 1.9 percent over the last year, down to 635 billion yen, but most importantly the company has managed to turn its net income into positive figures, netting 7 billion yen over the last year, compared to a 40 billion yen loss the year before. Following its launch, Wii U sales have slowed substantially, with only 390,000 units sold since December (now totaling 3.45 million), while the 3DS continues to sell in healthier numbers, with Nintendo shifting 1.25 million handhelds in the same period.

Focusing on the next year, the company maintains that it'll increase net income to 10 billion yen in the next twelve months, with a focus on selling "the compelling nature" of its gaming hardware, as well as pushing its 3DS more in foreign markets. The financial statement adds that the games maker plans to concentrate on "proactively releasing key Nintendo titles" starting the second half of this year "in order to regain momentum." Those key titles will have to hit hard, as certain competitors' new consoles are creeping closer.

In related news, Nintendo president Satoru Iwata is taking on a second role as CEO at Nintendo of America, today's report states. Current NoA figurehead Reggie Fils-Aime will stay on as COO, overseen directly by Iwata.

Source: Nintendo
Coverage: Joystiq
In this article: 2012, 3ds, earnings, financials, nintendo, q42012, wiiu
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

NASA picks space tourism outfit for its first commercial ISS module

NASA picks space tourism outfit for its first commercial ISS module

View
Billie Eilish proved anyone can access Grammy-winning gear

Billie Eilish proved anyone can access Grammy-winning gear

View
Intel is patching its Zombieload CPU security flaw for the third time

Intel is patching its Zombieload CPU security flaw for the third time

View
Atari-themed gaming hotels are coming to eight US cities

Atari-themed gaming hotels are coming to eight US cities

View
The company behind the Eve V laptop is back with crowd-developed monitors

The company behind the Eve V laptop is back with crowd-developed monitors

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr