Nintendo continues to lose money, despite launch of Wii U
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.