Jul 30

Nintendo Reports $97 Million Loss in First Quarter

Category: Uncategorized

Mario Kart 8 Luigi

Nintendo released their first quarter earnings release today, revealing a $97 million net loss during the three-month period ending on June 30, 2014.

The company attributes the poor performance to a lack of hit titles released this quarter. The one major exception being Mario Kart 8, which sold more than 2.82 million units worldwide.

3DS hardware sales were down from the previous year. The handheld sold 820,000 units this quarter, down from 1.4 million units sold during the same time last year. The Wii U, on the other hand, saw an improvement over last year’s numbers. The console sold 510,000 units this quarter, up from 160,000 units sold during the same quarter last year.

Looking ahead, Nintendo is forecasting strong profits from software, with titles like Super Smash Bros. for 3DS/Wii U, Pokémon Alpha Sapphire and Omega Ruby, Hyrule Warriors and Bayonetta 2 all set to launch before the end of the year.

Source: Nintendo Investor Relations

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