Nintendo Wii U officially a massive failure

Posted on Friday, Jan 17 2014 @ 12:21 CET by Thomas De Maesschalck
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While the Wii was a massive success for Nintendo, the company failed to recreate the same magic with the Wii U. Sales of the new console are disappointing to say the least and Nintendo send out a warning to investors that it has reassessed unit sales for the period of April 2013 - March 2014 to just 2.8 million, less than a third of the original estimate of 9 million. It's also less than the number of Wii U consoles sold in the launch year, that was 3.45 million.
Alas, it's still an across-the-board bad news sort of announcement, however, with forecast console sales for the original Wii and the 3DS also bumped down in the process. (Nintendo now expects to sell 13.5 million 3D handhelds, down from 18 million.) This will all hit the company's financial results, with the games maker now expecting to announce a 35 billion yen ($336 million) loss, with part of this being put down to marked down Wii U consoles, something that Nintendo didn't predict would happen back in March 2013.
Source: Engadget

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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