Nintendo Reports Full-Year Losses

Nintendo reports full-year losses largely due to lagging WiiU sales.
Nintendo reports full-year losses largely due to lagging WiiU sales. –(AP Photo/Shizuo Kambayashi)

Nintendo reported full-year losses for the third consecutive year on Wednesday, Mashable reports.

The company posted a net loss of 23.2 billion yen ($228 million) for the fiscal year ending March 31, 2014. That comes after a loss of $366 million in fiscal 2012 and $461.2 million in fiscal 2011.

The once-trailblazing gaming company has been relying on the WiiU, its most recent console release, to boost sales. But Nintendo has only sold about 2.8 million WiiUs in the fiscal year that ended on March 31, and just more than 6 million since launching in late 2012. Comparatively, Sony has already sold 7 million PlayStation 4 systems since putting it on the market last fall, according to Mashable.

Gamers have criticized Nintendo for releasing the WiiU without simultaneous new releases for some of its flagship games, like Mario and Zelda. Nintendo has since released new Mario games, but that doesn’t appear to have helped much as the company sold significantly more units in the system’s first few months than it has in the recent fiscal year.

Nintendo is promising investors profits for the coming fiscal year, Mashable reports.


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