Nintendo sagging, loss of half billion for fiscal year ending 03/2014

Nadia

http://www.polygon.com/2014/5/7/5690124/nintendo-posts-456-million-annual-operating-loss

Nintendo posted a 46.4 billion yen operating loss ($456 million) for the fiscal year ended March 31, 2014, the company announced today in its fiscal earnings, marking the third consecutive annual operating loss for the company.

Nintendo's net loss was 23.2 billion yen ($228 million), down from last year's net income of 7 billion yen ($71 million).  Net sales for the year were 571.7 billion yen ($5.63 billion), a 10 percent decrease from the year before, with 394.7 billion yen ($3.89) of that figure from overseas sales.

 

http://www.bbc.com/news/technology-27308862

the Wii U and its main innovation, a touchscreen controller, have failed to live up to Nintendo's own expectations.

The firm initially forecast nine million units would be sold over the year to 31 March 2014. In fact it sold just 2.72 million machines despite cutting the price of the console.

That brings total sales since launch to 6.17 million Wii Us.

By contrast, Sony sold more than seven million PlayStation 4s and Microsoft shipped more than five million Xbox Ones - both within five months of their launches.

 

Opinion article from a week ago

Nintendo may be drowning, but it's invested in doing so silently

http://www.polygon.com/2014/4/29/5664588/nintendo-wii-u-struggling-death