Wii U sales falter, Nintendo forecasts loss

Nintendo braces for a second year of losses in latest earnings forecast

January 30, 2013
Nintendo Wii U News

It appears that the Wii U isn’t selling as well as expected, as Nintendo has cut its earnings forecast to a second year of annual loss.

The Japanese company has slashed its forecast to a loss of 20-billion yen (nearly R2-billion, or US$220-million) for the financial year ending March, from a previous forecast of as much in profit.

“It was a somewhat negative surprise,” said Yasuo Sakuma, portfolio manager at Bayview Asset Management, as Nintendo’s forecast was well short of analysts predictions.

Nintendo also cut the sales forecasts of the Wii U (in the year to March 31) from 5.5 million, down to 4 million consoles. 3DS and Wii sales forecasts were also reduced.

In 2012, Nintendo posted its first annual loss in over three decades – a whopping US$530-million loss. While the 2013 forecast is an improvement on this figure, a second year of straight losses cannot bode well for a company that is a cornerstone of the gaming industry.

Source: Reuters

More Nintendo news

Nintendo shores up losses, Wii sales down

Top selling Wii U games in SA

Wii U not topping Wii sales says Nintendo

Nintendo TVii tops button-riddled remotes

Video game industry stalwarts make their 2013 predictions

Nintendo Wii U new games line-up

Tags: Core Group, financial results, headline, Nintendo, Nintendo financials, Nintendo sales, Nintendo Wii U, Wii U sales

Shutterstock is the image partner of MyGaming – technology images can be found here

Poll

Are you playing Destiny, or do you plan to buy Destiny?

View Results

Loading ... Loading ...

Latest News

Civilization: Beyond Earth review roundup

beyond-earth

The scores are in for Sid Meier’s Civilization: Beyond Earth

Get in a PC time machine with 3D Realms

duke nukem forever

32 games, two decades of action, one gaming bundle

PlayStation 4 selling for R5,599 – but hurry

PlayStation 4 news

Kalahari has announced in an early-morning press release that it will be selling the standard PlayStation 4 bundle for R5,599

This week’s best gaming deals

Piggy Bank

Here are this week’s best gaming bargains

X

Newsletter Subscription

Name
Email *
Enter the following to confirm your subscription *
Captcha image


Free MyGaming Newsletter:
Subscribe
X
bool(true)