Nintendo Posts Third Annual Loss, Only 6.17 Million Wii U Units Sold

Nintendo has posted their financial report for the fiscal year ending March 31, 2014, and it isn’t good.  The company’s annual operating loss came in at a stinging ¥46.4 billion (about $457 million).  It’s net loss was ¥23.2 billion (about $22.8 million).  This is the third consecutive year that Nintendo has posted an operating loss.  

The company also revealed the lifetime sales of the Wii U; 6.17 million.  Only 310,000 consoles were sold during the final quarter of the fiscal year, and only 2.7 million Wii U consoles were sold all year.  This is pretty bad, especially considering that Sony’s PS4 surpassed lifetime sales of the Wii U in only five months.  Wii U is still ahead of Microsoft’s Xbox One.

The 3DS fared a bit better.  Sales figures for the handheld still came in below predictions, but it still sold a lot.  Over 590,000 3DS units were sold during the fourth quarter of the fiscal year.  Life-t0-date sales for the handheld is at 43.3 million.  Nintendo notes that 2.2 million 2DS units have been sold since launch last October.

Nintendo hopes to return to the black this next fiscal year.  Their goal is make an operating profit of ¥40 billion (about $394 million) by selling 3.6 million Wii U consoles and 12 million 3DS units within the next year.  They’ve also announced plans to combat the Wii U’s problems with new software that makes use of the NFC reader built into the tablet, and introducing more DS titles to the Wii U Virtual Console.  There were also references made to their “Quality of Life” project, which has yet to be announced.  On top of this, Nintendo hopes that software like Mario Kart 8 and Super Smash Bros. can help turn the ailing console around.