Nintendo still losing money thanks to Wii U
Company president, Satoru Iwata, pledged to get Nintendo back in the black this year, but instead, found himself apologising to shareholders. He won't be resigning though, instead saying: "There will be no major management shake-up in the short term."
One peculiar thing is that Nintendo's most lucrative aspects have always been the Mario franchise and Zelda, both of which can only be played on Nintendo consoles. While the rest of gaming effectively shares games, Nintendo are looking desperately old-fashioned by keeping hold of their two star turns.
Before Sega stopped making consoles, they held onto to Sonic the Hedgehog games exclusively. However, when the Xbox and PlayStation franchises took over, they admitted defeat and Sonic is now playable on all systems. Could we see Mario and Zelda jumping platforms?
Nintendo, in this business year, is now looking at an operating loss of 35 billion yen. Quite the contrast from the forecast of 100 billion yen profit. Shares continue to fall also. Will Mario and Zelda soon be available on your iPad or PS4?