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Nintendo turns a profit but misses sales forecast by half

Wii U sales stand at 3.45 million, with 3DS at 31 million.

184 Comments

Sales of the Wii U stand at only 3.45 million worldwide, but Nintendo has reported a profit of ¥7.09 billion ($71.3m/£46.7m) for the financial year.

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While the net income is almost half the company's previously estimated profit of ¥14 billion, the company has managed to turn around the whopping loss of ¥43 billion it reported last year--the first annual loss the company has ever posted.

3.45 million Wii Us have been sold globally as of March 31 2013, with fewer than 400,000 being sold in the last three months. The Wii U was outsold by the Wii, which sold 3.98 million units across the company's financial year.

Nintendo blamed poor sales of its devices in North America and Europe, though noted that the 3DS has now become the console of choice in Japan.

Wii U worldwide software sales stand at 13.42 million units as of March 31. Nintendo Land makes up 2.6 million of that figure, while New Super Mario Bros. U has also shifted 2.15 million copies.

Meanwhile, the 3DS has sold 31.09 million units and 95.03 million games. Super Mario 3D Land remains the 3DS sales king with 8.29 million copies sold worldwide, and recent release Luigi's Mansion: Dark Moon has managed to gain 1.22 million buyers since launch.

Nintendo's net sales were also slightly down on last year, but damage to the company's bottom line was mitigated slightly thanks to financial gains made by the currency exchange.

For the next financial year the publisher predicts it will sell 9 million Wii U consoles worldwide. 3DS expectations are higher at 18 million.

Previous reports had suggested Nintendo would announce a loss of ¥18.7 billion for the financial year.

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Avatar image for Mimorpg
Mimorpg

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@Queuing_is_back @mario113
yeah.. I like Mindless Shooting for years and years under Different skins Much better than running N Jumping from side scrolling to going thru different paintings and Jumping through different galaxies... Mindless shooting is so much Fun!!!


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Avatar image for ArabrockermanX
ArabrockermanX

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I'm impressed they turned a profit but in many ways it was a bit of luck(currency exchange).

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grognard

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The WiiU is such a strange product. Why release current gen tech in the last year of the current gen? This will be yet another Nintendo console that exists solely to play first party games as most third-parties have already abandoned it outside of cheap ports.

At least Nintendo has the 3DS to fall back on, which is doing reasonably well.

I think some of you don't understand analysts and the stock market. The question was not whether Nintendo would make a profit, but whether the profits would increase. While admittedly unrealistic, the stock market operates on the philosophy that a company should increase profits each and every quarter (yeah, it's ridiculous). Also, they're looking farther out and understanding that WiiU will be a major hindrance to future profitability.

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Avatar image for ArabrockermanX
ArabrockermanX

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@grognard No they are not looking farther out if there is one thing the market is absolutely terrible at doing it is looking farther out(notice those Apple stocks never came close to predictions). And it is that same philosophy that caused GM to go bankrupt.

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Mimorpg

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@grognard
Nintendo- The meaning of the Company is.. Leave Luck to Heaven ..!!! :P

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mario113

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@Queuing_is_back @ilovethewitcher yeah not like those other three uncharteds or god of wars or gears and halo XD

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Avatar image for robbiejones
robbiejones

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@mario113 @Queuing_is_back @ilovethewitcher Yakuza FTW!!

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troll_eat_troll

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Edited By troll_eat_troll

@Queuing_is_back since this is about profit and the article is not only about the wii u, funny how you only mention about wii u sales but not 3ds and software sales.

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ilovethewitcher

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would be very sad to see nintendo die, would also be very sad to see sony playstation die, would not be sad at all to see mocrosoft die

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grognard

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Edited By grognard

@ilovethewitcher Hate America? MS reinvigorated the console market and brought a level of innovation you never would have seen from the insular Japanese companies.

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Avatar image for Dark_Mits
Dark_Mits

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@grognard @ilovethewitcher Care to explain what level of innovation that has been?

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Avatar image for grognard
grognard

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@Coco_pierrot @grognard I said "broadband", not just multiplayer online. x-box was the first broadband only console and that was considered a big gamble at that time. Reducing MS' innovations to "commodities" simply because Nintendo didn't come up with the idea is not a good argument.

Nintendo is far behind both MS and Sony in the online space much to their own detriment. You could also add things like achievements to MS' innovations.

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Avatar image for deactivated-58bd60b980002
deactivated-58bd60b980002

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@grognard The Dreamcast was the first to offert MP with internet. Sure the headset didn't come with it but so do the first 360. wireless controler is new to this gen.

A demo, streaming video and all that are just commodity and are in no way an inovation.

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grognard

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Edited By grognard

@Dark_Mits @grognard @ilovethewitcher Live was the greatest innovation in the history of consoles. First console with standard broadband requirement, first console with packed in headset, first console with packed in wireless controller, first console with party chat, first console with streaming video, first console with a demo for every downloadable game, first console with HD. I could go on.

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Dark_Mits

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The analysts were "only" ¥27.8bn / $279m / £183m off in their estimation. How do they keep their jobs?

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troll_eat_troll

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@CHROMEFLAMIN http://playeressence.com/microsoft-and-sony-are-closer-to-going-third-party-than-nintendo-lets-get-the-facts-straight/

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BrutalPandaX2

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@troll_eat_troll @CHROMEFLAMIN haha troll eat troll great name. thanks for the article. I can rest assured.

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DeadPhoenix86

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@CHROMEFLAMIN doubt it. Nintendo has been doing this since the 80's. and so far they've still hold there own after all these years. if the next xbox will always be online. they are the ones that's losing the most profit.

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pcty

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Edited By pcty

Good for Nintendo! Game industry analstys are a joke.

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xgalacticax

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@pcty Yea, these so called analysts get paid to talk rubbish and be wrong. Amazing right?

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pcty

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@xgalacticax It is almost like commenting on Game Spot but you get paid in the end of the month.

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Avatar image for widdowson91
widdowson91

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At least a profit is a profit.

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CanisLupus_

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Edited By CanisLupus_

Dooooooooooooooooooooooom!!!11!1!!1!!!

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Avatar image for Shielder7
Shielder7

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Edited By Shielder7

Incoming 100 new Mario games to off set bad Wii U sales.

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Avatar image for Stonecutters908
Stonecutters908

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@Shielder7 Better get out of the way of that gun to your head quick! Nintendo might force you to buy one of their critically acclaimed games.

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Avatar image for BrutalPandaX2
BrutalPandaX2

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@Stonecutters908 @Shielder7 I haven't bought a Nintendo item in over 6 years except for one controller. Better think of some more clever sentences.

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Avatar image for BrutalPandaX2
BrutalPandaX2

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Edited By BrutalPandaX2

@Stonecutters908 Persistently indecisive. Yeah maybe 5 years, these games are over 5 years old. I just forgot about Brawl. So shoot me. I'm done talking to you, I have no idea what you want.

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Avatar image for Stonecutters908
Stonecutters908

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@BrutalPandaX2 LOL what?

Well lay out your rules for what counts as a Nintendo item before you say "I haven't bought a Nintendo item in over 6 years"

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Avatar image for BrutalPandaX2
BrutalPandaX2

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Edited By BrutalPandaX2

@Stonecutters908 You're persistently indecisive. And yeah I have TP, MP1 and 3, and Brawl. MP3 and Brawl were used so they don't count towards Nintendo's sales. I love Nintendo.

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Stonecutters908

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Edited By Stonecutters908


Super Mario Galaxy - 97 Metacritic
Super Mario Galaxy 2 - 97 Metacritic
LOTZ: Skyward Sword - 93 Metacritic
LOTZ: Twilight Princess - 95 Metacritic
Super Smash Bros Brawl - 93 Metacritic
Xenoblade Chronicles - 92 Metacritic
Metroid Prime Trilogy - 91 Metacritic

Your loss.

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Avatar image for BrutalPandaX2
BrutalPandaX2

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@Shielder7 incoming, Nintendo haters quick to comment on Nintendo's profits.

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Avatar image for Stonecutters908
Stonecutters908

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5, 4, 3, 2, 1..........

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nintendoboy16

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Edited By nintendoboy16

Better than last year at least. Though like yesterday's prediction article shared by Eddie. We can expect people to turn this around like they are from Fox News.

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Avatar image for ArabrockermanX
ArabrockermanX

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Edited By ArabrockermanX

@nintendoboy16 Agreed, I'm not a fan of mainstream media but Fox news is by far the most talented at twisting the facts.

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