Nintendo continues to lose money, despite launch of Wii U

January 30th, 2013 7 Comments By Mof Gimmers

mario 3d tanooki 229x300 Nintendo continues to lose money, despite launch of Wii UThere’s usually something of a commotion when a new console is released, but Nintendo have found that the Wii U has failed to capture the imagination of gamers, cutting their forecast for earnings and looking down the barrel of a second year of annual losses.

Nintendo forecast an annual loss of $220 million in the year to March, which is a kick in the pips considering they initially projected that they’d make that much profit on their new console.

“It was a somewhat negative surprise,” said Yasuo Sakuma, portfolio manager at Bayview Asset Management.

There’s been a shift in gaming habits to deal with, with more people wanting to play games on tablets and, of course, there’s the small matter that the Wii U isn’t significantly different enough from the regular Wii. Could this mean that Nintendo will have to start selling Mario to other console makers?

Either way, Nintendo’s shares have fallen 2.1% today, which is marginally better than the ten-year low achieved at the start of the year. If Nintendo’s new tablet-style joypad isn’t going to generate interest, then Sony needs to think hard for the release of anything similar in time for Christmas 2013 for the PS4.

Comments (7) Jump to most recent comment
  1. Posted by Darren January 30, 2013 at 1:05 pm

    so have you got the death watch page lined up for Nintendo yet? or is that tomorrow…

    a basic story of, “Well Durr”

  2. Posted by Sicknote January 30, 2013 at 1:14 pm

    My history with Nintendo:

    Gameboy – HACKED
    Gamecube – HACKED
    N46 – HACKED
    Wii – HACKED

    Thanks for all the happy memories Nintendo….no fuck off..!

  3. Posted by PaulS January 30, 2013 at 1:34 pm

    Could it possibly be that while we are in a recession not many people have the spare cash for a new console as there was in years gone by?

    I would love a Wii U but I simply can not afford one so make do trying to win one while playing with my android tablet and getting the ‘rentals’ from my PS+ subscription.

    The same thing will happen to Microsoft and Sony if the Xbox and PS4 are released while the economy is in the shitter.

  4. Posted by Idi Amin January 30, 2013 at 2:14 pm

    I fear that Nintendo will exit the hardware business, as did Sega. PS4 sales will match the mediocrity of the PS3, Steam Box will give a glimmer of new competition, and the new XBox will scoop the market.

  5. Posted by Employee of the month January 30, 2013 at 3:13 pm

    Nintendo should either become a third party developer and still produce peripherals…or go back to making card games.

    The casual gaming boom was a one time thing. The Wii was unique. Wii Sports was an accidental success. It was a tech demo for god’s sake – but everybody loved it!

  6. Posted by Phuck Yu February 1, 2013 at 12:38 pm

    Surely, the Wii U is the reason for their slump? You know, because it’s shit and pointless and stuff.

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