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Nintendo posts quarterly net loss on Wii U costs

30
Jul
2014

Japanese videogame giant Nintendo on Wednesday posted a $97 million quarterly net loss, with higher costs tied to sales of its Wii U console digging into its bottom line while sales weakened. On Wednesday, Kyoto-based Nintendo said its net loss for the three months through June came in at 9.92 billion yen ($97.14 million) on sales of 74.70 billion yen, down 8.4 percent from a year earlier Nintendo said it sold 510,000 Wii U consoles globally in the quarter, well up from 160,000 units in the same quarter last year. Mario Kart 8, with a good start in sales, has contributed to a gain in momentum for the Wii U platform business, the company said.

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