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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


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Comments
  • Noritama
    Noritama

    Joined: Feb 2012
    Posted: Apr 26th, 2012 at 12:41 pm
    The 3DS in time will be like the DS during it's golden year. I can already see it.
  • LinksOcarina
    LinksOcarina

    Joined: Nov 2005
    Posted: Apr 26th, 2012 at 12:55 pm
    first annual loss in 30 years...and they are still in better shape than Sony at the moment, and have more of a chance of getting out of this hole.

    This shall be interesting...
  • LawnGnome
    LawnGnome

    Joined: Apr 2007
    Posted: Apr 26th, 2012 at 2:37 pm
    Sony's video game division isn't the problem though, it's the rest of Sony. They could always spin it off into its own company. Nintendo, however, must either evolve or die. Their core business model of "let's make all our profit on hardware and not worry about selling games" is flawed. Even if the Wii U managed to mirror the sales of the Wii (which it won't), they would end up right back here again in a few years.
  • ShadeTail
    ShadeTail

    Joined: Nov 2006
    Posted: Apr 26th, 2012 at 10:47 pm
    Sony's game division *is* part of the problem. They only recently became profitable and it isn't even near enough yet to pull them out of the hole; they're still deep in the red. And the fact that the rest of Sony is bleeding money is a pretty strong drag on the game division's efforts to get back into the black. Spinning off into a separate company won't help while their debt is still larger than their profit.

    The two powerhouses are MS and Nintendo. Nintendo were still profitable during that fiscal year; the "loss" means how far they underperformed their projections, not that they lost money. So they're still doing fine. MS, like Sony, has a gaming department that is in the red but is now profitable; unlike Sony, the rest of the company isn't dragging them down. MS as a whole is profitable and leaves them in a better position than Sony, which makes them the company to watch when it comes to giving Nintendo a run for their money.
  • OdiousLupous
    OdiousLupous

    Joined: Jul 2011
    Posted: Apr 26th, 2012 at 1:51 pm
    Abandoning their children like a professional athlete, seems odd to try and get sales up for a system you wont be focusing on. At least have the online service theyre working on help out the Wii, cmon now.
  • TurinAlexander
    TurinAlexander

    Joined: Sep 2006
    Posted: Apr 26th, 2012 at 4:08 pm
    Nintendo is in for a very rude awakening when the Wii U launches. The fanbois will buy it, but pretty much everyone else won't. The causal market has moved on and most of the real gamers aren't interested in another underpowered console with a gimicky controller.
  • ShadeTail
    ShadeTail

    Joined: Nov 2006
    Posted: Apr 26th, 2012 at 10:35 pm
    "Real" gamers play games rather than look for excuses to ignore a console. Anyway, the WiiU *will* be the strongest console on the market for at least a few years, and the next Sony and MS consoles won't be a huge leap beyond it, if they manage to beat it at all. Sony offers an object lesson of what happens when you put out a really powerful console and expect customers to pay the high price, and you can bet both they and MS learned that lesson.
  • TurinAlexander
    TurinAlexander

    Joined: Sep 2006
    Posted: Apr 27th, 2012 at 9:24 am
    Apparently someone missed the stories from developers working on Wii U games that the console isn't even as powerful as the 360.
  • BIGBOSS11380
    BIGBOSS11380

    Joined: Mar 2012
    Posted: Apr 27th, 2012 at 12:23 pm
    As much as I despise Nintendo Fanboy's I hate to see Nintendo suffer. Hope you rebound from this loss, loyal gamer.
  • OdiousLupous
    OdiousLupous

    Joined: Jul 2011
    Posted: Apr 27th, 2012 at 1:51 pm
    Nintendo for many of us introduced us to gaming or was the radical change from good old Atari. Some people are angry, others bitter but many deep down dont want Nintendo to fail even if we dont own their systems. Id like them to be successful, even if this system isnt all that powerful you can still make millions if you have enough titles, AAA all the way to lil indie games. But you cant keep relying on the same few game franchises over and over again because quality falls off and you try and sell games off name recognition alone. Innovation, diversity, and a library early on that gets consumers attention, cmon Nintendo, you can do it.

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