More Reviews
REVIEWS The Incredible Adventures of Van Review
Van Helsing returns to Borgovia to slay monsters and take revenge. Is the final installment of this popular ARPG series considered a worthwhile conclusion?

Epanalepsis Review
Adventure…?
More Previews
PREVIEWS Trine 3: The Artifacts of Power Preview
The popular puzzle-platforming series moves from 2D to 3D, but will it be a flawless jump or a headlong dive into a bottomless crevasse?
Release Dates
NEW RELEASES Class of Heroes 2G
Release date: 06/02/15

LEGO Jurassic World
Release date: 06/12/15

Deception IV: The Nightmare Princess
Release date: 06/14/15

RIDE
Release date: 06/23/15


LATEST FEATURES The Top 10 Beards in Gaming as Magnificent as Geralt's... Almost
From hipsters to burly men to RPG protagonists, beards are in. These ten characters make bushy look beautiful.

Diving Back In: A Rise Of The Tomb Raider Wish List
How this year's Tomb Raider can improve upon its predecessor.

LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP oblivion437     In all the talk of graphical downgrades no one seems much preoccupied with 'why?'.  Why build something and then proceed to tear it down, piece by piece, in the hope that ever more diminished expectations about the final product won't be severe enough to...

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
FOLLOW ME ON TWITTER. YOU KNOW YOU WANT TO.


More from the Game Revolution Network




comments powered by Disqus

More On GameRevolution