(Ping! Zine Web Tech Magazine) – Last week Nintendo posted their fiscal earnings, revealing their third consecutive annual operating loss, despite the attempt to boost sales with the Wii U.
The Japanese video gaming company revealed that they had taken a net loss of $228 million, with an annual operating loss of $456 million, Polygon reports.
The Wii U continues to have a “negative impact on Nintendo’s profits,” with a total of 6.17 million consoles sold since its launch in November 2012.
In comparison, Sony’s PS4 has sold more than 7 million units in the last six months, while the Xbox One’s sales are above 5 million.
Over the next fiscal year Nintendo expects to sell 3.6 million units, though it is unlikely due to the fact they only sold 2.72 for the year and 310,000 for the quarter.
“We do not believe that this year’s estimate of 3.6m units of Wii U hardware will be the peak of its lifecycle, and we would like to work hard to make sure that we give sufficient momentum to the system so that we can expect good results in and after the next fiscal year, too,” said Nintendo CEO Satoru Iwata.
As a way to boost sales, Nintendo announced last week plans to release a new gaming console in “emerging markets” with lower-income consumers that have less gaming experience than those in developed countries.