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Wii U drags Nintendo into $97 million Q1 loss

30
Jul
2014

Nintendo’s struggles continued in the first quarter of fiscal 2015, as relatively poor Wii U sales and high costs resulted in yet another loss for the struggling video game giant. Nintendo on Wednesday reported a June-quarter loss of 9.92 billion yen, or $97.3 million, compared to an 8.6 billion yen profit in the same quarter last year. Revenue totalled 74.7 billion yen, or roughly $732.3 million, in the quarter, which represents an 8% decline from the year-ago quarter. Perhaps the most disconcerting news is that this markedly worse performance comes on the back of dramatically improved Wii U unit sales; Nintendo said it sold 510,000 Wii U consoles in the fiscal first quarter, which is a huge improvement over the 160,000 units it sold in the

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