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

Mario Wii U
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.

The original article can be found here: http://www.extremetech.com/gaming/182036-nintendo-reports-massive-annual-loss-on-the-back-of-anemic-wii-u-and-3ds-sales

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