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Nintendo reports £57m first-quarter loss following Wii U sales disappointment

on Jul 30, 2014 | 0 comments

By John McCarthy

Japanese gaming giant Nintendo has reported a £57m loss in the first quarter, with an eight per cent sales drop, despite ‘Mario Kart 8′ helping to shift more Wii U consoles.

The Kyoto-based games company’s flagship console, the Wii U, showed growth selling over half a million units, up from 160,000 last year.

This increase has been attributed to the release of ‘Mario Kart 8’, now bundled with the system, which provided the game-starved console with a much-needed quality title.

Nintendo has been struggling to compete with gaming rivals Sony’s PS4 and Microsoft’s Xbox One despite its usually solid younger audience’s interest in Read full story ›

Source: The Drum