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Nintendo makes a profit despite lack of Wii U titles

Wii U sales are a disappointment
Wed Apr 24 2013, 11:35
Nintendo

JAPANESE GAMING COMPANY Nintendo has published its latest financial results for the year just ended.

The firm said that it made a profit of 7.1bn yen (£46.8m), but has weathered some tough times.

A note released to explain increased operating losses, blames weak sales of recent hardware for a lack of financial spark.

"The operating loss increased primarily due to the sales of 'Nintendo 3DS' and 'Wii U' being weaker than expected," it said. "While foreign exchange gains in non-operating income increased, ordinary income and net income became smaller than the forecast."

The Wii U, Nintendo's first console since the Wii, sold 3.45 million hardware units and 13.42 million games. The Wii outsold the new upstart, shifting 3.98 million hardware units and just over 50 million software titles.

Nintendo keeps tinkering with the Wii, though, and this year it released a cheaper, smaller, much more red coloured version into the UK market.

Nintendo blamed poor sales of the Wii U on a lack of available titles. "Wii U was not able to maintain the initial sales momentum after the beginning of 2013 due to a delay in the development of subsequent software titles," it said.

The firm said that it will look to increase the number and range of games available on its consoles, and will, for example, release something from the Pokemon stable before the end of the year.

Other upcoming titles from the firm include Mario Kart, Super Mario Bros, Wii Fit and Pokemon on the Wii U, The Legend of Zelda, on both Wii U and Nintendo 3DS, and Mario and Luigi, again on the Nintendo 3DS.

Also on Nintendo's agenda is hardware production cost cutting, something else that should support its bottom line. µ

 

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