Latest in Gaming

Image credit:

'Mario Kart 8' couldn't save Nintendo from a $97 million loss

Share
Tweet
Share
Save

Sponsored Links

Mario Kart on the Wii U is really good. Unfortunately it's just one game -- and it looks like it won't be enough to rescue the Wii U's sales. Nintendo apparently agrees, stating that its 9.9 billion yen loss was due to a lack of hit titles outside of the flagship racer. Matter-of-factly, Nintendo said:

"The operating loss was 9.4 billion yen because total selling, general and administrative expenses including fixed expenses exceeded gross profit. "

Which is, well, exactly how you work out an operating loss. The company is now betting on the power of Super Smash Bros. as well as the best-selling Pokemon series to improve results later this year. Wii U console sales have improved in the Americas and Europe: 510,000 units were sold worldwide in the last three months, compared to 160,000 in the same period last year. In Japan, however, Wii U sales have decreased year-on-year. Revenue was 8.8 percent higher than the same period last year and Nintendo is hoping its plans for a series of console-connected toy figurines along the lines of the hit Skylanders series will help to improve that bottom line.

Mario Kart 8 managed to sell 2.82 million copies so far, meaning that relative to Wii U console sales, most players already had the games console to play it on -- and that it wasn't quite enough to convince other consumers to buy what could possibly be a second console.

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
Save

Popular on Engadget

The 2019 Engadget Holiday Gift Guide

The 2019 Engadget Holiday Gift Guide

View
John Carmack takes a step back at Oculus to work on human-like AI

John Carmack takes a step back at Oculus to work on human-like AI

View
NASA renames Kuiper Belt object following controversy

NASA renames Kuiper Belt object following controversy

View
Amazon orders William Gibson series from the creators of 'Westworld'

Amazon orders William Gibson series from the creators of 'Westworld'

View
Apple’s AirPods Pro are on sale just weeks after their release

Apple’s AirPods Pro are on sale just weeks after their release

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr