Nintendo Reports Major Loss of $457 Million

Photo Credit: Morguefiles.com

Photo Credit: Morguefiles.com

The numbers are out, and they are not good, for the third consecutive year in a row Nintendo has reported a major loss. This fiscal year, which ended in March, the number is $457 million dollars. Nintendo has managed to move 590,000 3DS units and 310,000 Wii U units in the last quarter.

Nintendo’s total lifetime sales for the 3DS 43.33 million units and 6.17 million units for the Wii U. Total Wii U sales means that Nintendo sold just 310,000 in the quarter ended March 31st — a 20 percent drop on its performance a year ago. Sony has already overtaken the Wii U despite Nintendo’s year-long head start with the PlayStation 4.

Nintendo expects to return to the black in its 2014 fiscal year, forecasting an operating profit of $394 million with 3.6m Wii U and 12m 3DS consoles sold. Stockholders will not hold the company to its prediction at face value.

Representatives made a statement saying, “Nintendo will focus on efforts that seek to stimulate the platform, by providing software that takes advantage of the Wii U GamePad, utilizing its built-in functionality as an NFC reader/writer, and adding Nintendo DS Virtual Console titles to the Wii U software lineup.”

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