More Reviews
REVIEWS CounterSpy Review
Your operative is tasked with infiltrating both sides of nuclear war. Can CounterSpy finish the mission in time for your PSN credit?

Akiba's Trip Review
Here's a game where you must trip vampires of their clothes. Oh goodness...
Release Dates
NEW RELEASES Tales of Xillia 2
Release date: Out Now

Plants Vs. Zombies: Garden Warfare
Release date: Out Now

Madden NFL 15
Release date: 08/26/14

Destiny
Release date: 09/09/14


LATEST FEATURES The Updating List of PAX Indies
We're heading to PAX Prime! Are you looking to check out a few unique indie games while you're there? UPDATED: This War of Mine, Gigantic

The Best Upcoming Racing Games of 2014
You've probably only heard of Sony's exclusive Driveclub and Microsoft's exclusive Forza Horizon 2, but don't forget about a few others.

LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP KevinS
RIP Robin Williams (1951-2014)
By KevinS
Posted on 08/14/14
Robin Williams (1951-2014) Robin Williams was an absolutely exceptional comedian, talented actor, and holder of a special place in video game history: He was the first really famous gamer I know of. I’m sure there were others, but they kept a comparatively low profile, unlike one...

GAMING NEWS

Nintendo Faces $530 Million In Losses, Wii U And 3DS To "Drive The Company Back Into Profitability"

Posted on Thursday, April 26 @ 10:55:21 Eastern by Alex_Osborn
Mario and the gang aren't doing so hot. While Nintendo was anticipating major losses for the 2011 fiscal year, $530 million is a hefty chunk of change no matter how you swing it. Wii sales declined substantially, with just a mere 9.84 million units sold. Meanwhile, while the 3DS got off to a rather slow start, but has since seen a significant spike since its price cut, brining sales to 13.51 million.

The fact of the matter is that the Wii is basically dead at this point. WIth only a few quality titles gracing the system last year, and virtually no exciting games on the horizon, it is clear that Nintendo is putting all their eggs in the Wii U basket. In fact, Nintendo basically went so far to say as much in a statement accompanying their reported losses. 

"While [Nintendo] did post a loss for the recently completed fiscal year, the continuing momentum of the Nintendo 3DS and the global introduction of the highly-anticipated Wii U home console will drive the company back into profitability in the current year."

Will the Wii U really be big enough to pull Nintendo back on its feet? They'd better have one heck of an E3 press conference planned if they hope to get out of the red this year.

[Via]

Tags:   Wii U, Nintendo, 3DS


More from the Game Revolution Network




comments powered by Disqus

More On GameRevolution