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Is Windows 8 worth it?


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Nintendo Lost $457M During Fiscal 2013, Marking Third Straight Year of Losses


 Christo [PCD]    14 May : 08:40
 None    Hardware

The Wii U continues to disappoint

The Wii U continues to disappoint

It looks as though Nintendo just can’t catch a break this decade, having just reported its third straight full year of losses. For fiscal 2013, Nintendo had an operating loss of $457 million and net loss of $228 million as sales of its Wii U continue to sputter in the marketplace.

Even more disappointing is that the operating loss figure is actually worse than the already reduced forecast that Nintendo gave back in January. At the time, Nintendo forecast fiscal year operating losses of $394 million.

Since its lukewarm introduction in late 2012, Nintendo has only managed to sell 6.17 million Wii U consoles. Nintendo was only able to sell 2.72 million Wii U consoles during fiscal 2013.

For comparison’s sake, Sony managed to sell 6 million of its pricier PlayStation 4 consoles in just four months.

Nintendo acknowledges that it “still faces a challenging sales situation? and that it “will focus on efforts that seek to stimulate the platform.?

Looking forward, Nintendo is banking on the success of the two upcoming titles to reinvigorate the platform: Mario Kart 8 and Super Smash Bros. for Wii U. Mario Kart 8 alone should be enough to delight existing Wii U owners, but it remains to be seen how many fresh Wii U customers it can bring in with the title.

But while Wii U numbers were definitely disappointing, Nintendo was definitely more upbeat about the performance of the 3DS. Nintendo was able to move 12.24 million units of the popular handheld console and 67.89 million 3DS games during the fiscal year.

Source: Nintendo [PDF]


[Submitted by Christo [PCD]]

1 1400048846 Ninten

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