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Nintendo reports massive annual loss on the back of anemic Wii U and 3DS sales

2014-05-07 18:01:14| Extremetech

Nintendo, with lower-than-expected sales of both the Wii U and 3DS, has reported an annual loss of $229 million (23.2 billion yen). This is down from last year's wea profits of around $69 million (7.1 billion yen). The company says it is establishing a new "health" division in an attempt to bolster its customer numbers and revenues. Meanwhile, analysts and pundits are vehement that Nintendo needs to fully embrace mobile gaming -- as in, Mario games for smartphones -- if it wants to remain relevant. In any case, Nintendo isn't likely to right the ship any time soon: Any new health or mobile efforts will take at least a year to realize properly, and with the company yet again foregoing its E3 keynote this year, Nintendo's agenda for 2014 probably just consists of Wii U and 3DS games.

Tags: back u sales reports

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