Nintendo Q2 Financials – Wii U Sales Up, but Company Still Losing Money

Posted on Oct 30 2013 - 6:53am by Gaming Cypher

Nintendo has published its second quarterly report and stated that while 300,000 Wii U consoles were sold, the 3DS hardware sales are down by 22%.

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Nintendo confirmed an operating loss of ¥23.28 billion / $237 million, which marks a 20% year-on-year improvement. Net sales totaled ¥196.5 billion.

For the period between July and September 2013 for hardware, Nintendo sold 300,000 Wii U consoles, which is an 87% increase on the previous quarter. That’s 460,000 units for the six-month period ending September 2013.

On the bright side, Wii U software saw a significant 400% leap in sales in Q2, totaling life-time sales of units worldwide, with Pikmin 3 and The Legend of Zelda: Wind Waker HD championed in Nintendo’s report.

The investors note stated,

“The Wii U hardware still has a negative impact on Nintendo’s profits.”

On the other hand, the 3DS console sales have reached 3.89 million units for the period, while software sales hit 27.38 million. The console has sold 34.98 million units since it launched. This still places the 3DS sales at a 22% loss.

Animal Crossing: New Leaf has proven to be a huge success with 2.49 million units sold in the period. Nintendo also noted “steady sales” of Luigi’s Mansion: Dark Moon, Mario & Luigi: Dream Team and Donkey Kong Country Returns 3D.

Nintendo is continuing to maintain its projection of ¥100 billion operating income target, and notes the release of Pokemon X & Y, the 2DS console and Super Mario 3D world as key drivers moving forward. The company is targeting big first-party releases moving forward to continue its momentum.

What are your thoughts? Will Nintendo make it?

Nintendo Q2 Financials – Wii U Sales Up, but Company Still Losing Money was last modified: October 30th, 2013 by Gaming Cypher