Nintendo, one of the names that has bought us most of our loved old-school games, more prominently the small, Koopa jumping Plumber known as Mario, has just posted huge loss in profit and is blaming Wii U for it.
The gaming giant just posted a total of $457 Million loss its fiscal year ending in the 31st of March with the most part of it due to the drop in sales of its current generation console: The Wii U.
In recent postings, the Wii-U’s sales estimates dropped drastically from 9 Million to just 2.9 Million during the early part of this year, selling only just 2.72 Million units over the past 12 months and totaling to a lifetime sale at 6.17 Million Units.
Even its games, Super Mario 3D World, New Super Mario Bros U and New Super Luigi U proved to be too ambitious as these games were not able to live up to their said potential in being big million seller titles. Software sales for the said gamers were only posted as 18.86 Million units over-all, about 8-Million units short of the sales of the original Wii, which had 26.16 Million units over the fiscal year.
Nintendo’s Financial Statement Says: “The Wii U hardware still has a negative impact on Nintendo’s profits owing mainly to its markdown in the United States and Europe, and unit sales of software, which has high profit margins, did not grow sufficiently.”
But despite the loses, Nintendo still remains optimistic about the future of the Wii U, forecasting a profit of $394 million for the next fiscal year. Nintendo is also expecting an increase in Wii U’s sales and continues to push its focus on the uniqueness of its console brand.