Nintendo’s Yearly Sales Figures Report A Loss Of $457 Million

The next-gen console battle is still raging on between the PS4 and the Xbox One, but Nintendo's Wii U console isn't even running in the race. We have learned that the struggling console has only sold 6.17 million units after being on the market for almost a year and a half. Meanwhile, Sony's PS4 has already sold more than 7 million units with the Xbox One selling around 5 million units with both consoles having been released less than 6 months ago.

Nintendo just released their recent fiscal year sales figures with an overall loss of 46.4 billion yen (equal to $457 million). The report describes the Wii U's poor sales as a large reason to the loss of profits:

“The global sales of the “Wii U” hardware and software reached only 2.72 million and 18.86 million units respectively… The “Wii U” hardware still has a negative impact on Nintendo's profits owing mainly to its markdown in the United States and Europe, and unit sales of software, which has high profit margins, did not grow sufficiently.”

While the Wii U's failure is likely set in stone, their handheld 3DS console is keeping Nintendo in the game despite 2013 sales falling below their expected projection. Nintendo has sold over 43.33 million 3DS units with 12.24 million having been sold in 2013 alone.

The report mentions the company's plans to turn around this net loss include pushing out more Nintendo DS games to the Wii U Virtual Console, introducing new software for the Wii U Gamepad, and releasing more key titles for the 3DS in the coming year. Will it be enough to save them? Only time will tell!

Via: Kotaku
Sources: Nintendo, (1)