Nintendo reports third straight year full of losses

While Nintendo saw significant success with its Wii console last decade the company is doing very bad in the present decade as sales of the company's video game consoles continue to disappoint. DailyTech writes Nintendo posted a net loss of $228 million for fiscal 2013, the company's third straight full year of losses.

The Wii U console is a big flop, the company managed to sell online 6.17 million units since its late 2012 introduction, of which 2.72 million were sold during fiscal 2013. For comparison, Sony sold 6 million units of the more expensive PlayStation 4 in just four months.

For fiscal 2013, Nintendo had an operating loss of $457 million and net loss of $228 million as sales of its Wii U continue to sputter in the marketplace. Even more disappointing is that the operating loss figure is actually worse than the already reduced forecast that Nintendo gave back in January. At the time, Nintendo forecast fiscal year operating losses of $394 million.

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But while Wii U numbers were definitely disappointing, Nintendo was definitely more upbeat about the performance of the 3DS. Nintendo was able to move 12.24 million units of the popular handheld console and 67.89 million 3DS games during the fiscal year.