Nintendo continues to lose money, despite launch of Wii U

30 January 2013

There'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.

TOPICS:   Technology   Games   TV


  • Darren
    so have you got the death watch page lined up for Nintendo yet? or is that tomorrow... a basic story of, "Well Durr"
  • Sicknote
    My history with Nintendo: Gameboy - HACKED Gamecube - HACKED N46 - HACKED Wii - HACKED Thanks for all the happy memories fuck off..!
  • PaulS
    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.
  • Idi A.
    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.
  • Employee m.
    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!
  • Phuck Y.
    Surely, the Wii U is the reason for their slump? You know, because it's shit and pointless and stuff.
    [...] were losing money on the launch of the Wii U, then the new console sold pitiful amounts and insult was added to [...]

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