Linked by Thom Holwerda on Wed 7th May 2014 22:04 UTC

Nintendo's reported a staggering loss of $456 million for the past financial year. The blame is being laid squarely at its relatively young console, the Wii U. Sales have slowed significantly: Nintendo sold 2.72 million Wii Us in the last twelve months. (Running totals for the Xbox One and PS4: five and seven million, respectively). In the last quarter, only 310,000 units were sold. Meanwhile, Nintendo's handhelds continue to sell more favorably: 12 million 3DSes were sold in the last financial year, meaning there's now just shy of 43 million sold globally. It remains third consecutive year of losses for Nintendo, but CEO Iwata claims that this incoming financial year will see a return to operating profit ($394 million, he reckons) and millions more consoles sold. Then again, he said similar things last year.

It's not looking good.

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RE: Nintendo's strategy is odd
by WorknMan on Wed 7th May 2014 22:54 UTC in reply to "Nintendo's strategy is odd"
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Since the rise of the smart phone/tablet gaming platform, from aroun 2009/2010... I never understood why Nintendo didn't turn themselves into a software house and leverage their software assets on the iOS/Android machines?

Probably because the 3DS continues to print money.

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