Latest in Gaming

Image credit:

Nintendo had another very bad year and it's all the Wii U's fault

177 Shares
Share
Tweet
Share
Save

Sponsored Links

Nintendo's reported a staggering loss of $456 million for the past financial year. The blame is being laid squarely at its relatively young console, the Wii U. Sales have slowed significantly: Nintendo sold 2.72 million Wii Us in the last twelve months. (Running totals for the Xbox One and PS4: five and seven million, respectively). In the last quarter, only 310,000 units were sold. Meanwhile, Nintendo's handhelds continue to sell more favorably: 12 million 3DSes were sold in the last financial year, meaning there's now just shy of 43 million sold globally. It remains third consecutive year of losses for Nintendo, but CEO Iwata claims that this incoming financial year will see a return to operating profit ($394 million, he reckons) and millions more consoles sold. Then again, he said similar things last year.

The Wii U managed to sell close to 3 million units in its launch quarter, but despite markdowns and (perhaps too few) incredible titles, sales continue to tank. From Nintendo itself: "The Wii U hardware still has a negative impact on Nintendo's profits, owing mainly to it's markdown (overseas)." The beleaguered gamesmaker plans to focus on the console's GamePad, calling it the "the most important differentiator of the Wii U" and expects both Super Smash Bros and Mario Kart to act as the main drivers for console sales -- no pun intended.

Source: Nintendo
In this article: 3ds, financials, nintendo, nononono, wii, 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
177 Shares
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
 T-Mobile will give Apple Card owners higher in-store cashback

T-Mobile will give Apple Card owners higher in-store cashback

View
Roku's latest Ultra player is faster and has better shortcuts

Roku's latest Ultra player is faster and has better shortcuts

View
Impossible Burger makes its grocery store debut in Southern California

Impossible Burger makes its grocery store debut in Southern California

View
Huawei’s Mate 30 Pro has a 'quad-camera' and a vegan leather option

Huawei’s Mate 30 Pro has a 'quad-camera' and a vegan leather option

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr