Thursday, July 31, 2014

Despite the Wii U (finally) selling like hotcakes, Nintendo is still losing money.

Nintendo revealed that during the first quarter of its financial year, both the Wii U and Mario Kart 8 flew off the shelves. However, that wasn’t enough to stop the Japanese console maker haemorrhaging money.

Between April and June, Nintendo managed to sell 510,000 Wii U consoles. That’s nearly double what it managed to sell during the period after Christmas. It also managed to sell a total of 2.82 million copies of Mario Kart 8 in a month. That’s impressive for any console, but even more so considering how much the Wii U has struggled since it launched.

The Nintendo 3DS is also on the up – selling 820,000 units compared to 590,000 at the beginning of the year. Despite that, Nintendo made a loss of 9.4 billion yen – roughly £52 million. According to the numbers people, that loss is largely down to Nintendo’s lack of hot selling titles (other than Mario Kart 8 obviously).

That might change in the future though – well, at least Nintendo hopes it will. It pointed to the third generation Pokemon remakes and new Smash Bros for the 3DS and Wii U as games that could turn those losses around soon.

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