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Nintendo's Wii U sales disappoint | Nintendo's Wii U sales disappoint |
(about 1 hour later) | |
Sales of Nintendo's latest games console, the Wii U, slowed in the three months to June. | Sales of Nintendo's latest games console, the Wii U, slowed in the three months to June. |
The company sold just 160,000 units of the Wii U, as overall sales fell nearly 4% to 81.5bn yen ($832m; £549m). | |
Nintendo has sold 3.61 million units of the Wii U so far. The company said that it still expected to sell nine million Wii U units by March 2014. | |
Nintendo also reported a profit for the latest quarter, helped by the weaker value of the yen. | |
It reported a net profit of 8.6bn yen ($88m; £58m) for the three months to June, compared with a loss of 17.2bn yen in the same period a year ago. | It reported a net profit of 8.6bn yen ($88m; £58m) for the three months to June, compared with a loss of 17.2bn yen in the same period a year ago. |
A cheap yen boosts profits when earnings for Japanese exporters are repatriated. | A cheap yen boosts profits when earnings for Japanese exporters are repatriated. |
'Key titles' | |
Nintendo launched the Wii U in November last year, but titles for the console have seen delays in development. | |
The company says it is hoping a slew of new games titles will boost sales. | The company says it is hoping a slew of new games titles will boost sales. |
"For the Wii U system, we will attempt to concentrate on proactively releasing... key titles, from the second half of this year through next year to regain momentum for the platform," the company said in a statement. | |
The company had previously lowered its sales goal for the Wii U, which has a touch screen tablet controller called GamePad and allows TV viewing. | |
Analysts said the coming holiday period would be crucial for Nintendo, a time when many gaming companies see their strongest sales. | |
Video game companies have been suffering as people increasingly play games on their smartphones and other devices. | Video game companies have been suffering as people increasingly play games on their smartphones and other devices. |
Nintendo, famous for video game titles such as Donkey Kong and Super Mario, left its earnings forecast of 55bn yen for the year to March 2014 unchanged. | Nintendo, famous for video game titles such as Donkey Kong and Super Mario, left its earnings forecast of 55bn yen for the year to March 2014 unchanged. |
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