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Nintendo Reports $457 Million Loss, Wii U and 3DS Underperform

GG2013 - Joey - Nintendo Wii U

With Mario Kart 8 and E3 just weeks away, Nintendo has released numbers for the previous financial year.

Things aren’t looking good.

The company showed a loss of $457 million (46.5 billion yen), having shipped 590,000 Nintendo 3DS systems and 310,000 Wii U consoles in the most recent quarter.

The Wii U is called out specifically as a major factor in these losses, with sales only reaching 2.72 million consoles and 18.86 million games. The markdown in the United States and Europe contributed significantly, while software didn’t grow to compensate.

Things are a bit brighter on the handheld side, with over 12 million 3DS units sold and nearly 70 million games. Despite those numbers, though, the 3DS also failed to live up to expectations.

Interestingly, we noticed in the report that Research & Development costs grew from $526.6 million to $706.2 million, making for an increase in R&D costs of $179.9 million. That seems like a huge jump, lending credence to the rumors that Nintendo might announce a new console at this year’s E3. Or maybe the Wii Vitality Sensor is coming back. Either way, we’ll know in just over a month’s time when Nintendo’s E3 broadcast goes live.

Kotaku

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Eric Frederiksen

Eric Frederiksen has been a gamer since someone made the mistake of letting him play their Nintendo many years ago, pushing him to beg for his own,...Eric Frederiksen has been a gamer since someone made the mistake of letting him play their Nintendo many years ago, pushing him to beg for his own,...


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