Weak Wii U Sales Hurt Nintendo's Profits

The Wii U sold disappointingly for Nintendo and affected the company's bottom line for the last fiscal year, according to financial earnings released early Wednesday.

The next-generation console was released in the United States in November 2012 and Japan six weeks later. From launch until the end of 2012, it sold 3.06 million units, according to Nintendo's Q3 earnings. From Jan 1. to March 31, the end of the fiscal year, the Wii sold about 390,000 units worldwide

These sales failed to hit Nintendo's original target of 5.5 million units by a wide stretch, and Nintendo's earnings report said the sales slump caused it to lose 36.4 billion yen Read more...