Nintendo’s Latest Financials Highlight Impact of Poor Wii U Sales

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Not a pretty picture at all.

Today saw Nintendo reveal its latest financial report for the three months ending June 2016. Unfortunately, for the Japanese company, they revealed a huge loss.

The worst of the news came in the form of the company’s net loss of 24.5 billion yen. This is a pretty stark contrast in comparison to the profit of 8.2 billion yen that the company made in the same period in 2015.

Though, unsurprisingly at this point, this could largely be put down to poor hardware sales from the Wii U. In the three-month period of April, May, and June, the Wii U only managed to sell 220,000 units. This leaves Nintendo’s home console stuck somewhere around 13 million units sold worldwide since launch.

The Nintendo 3DS saw a 7% decrease in hardware sales on a year-on-year basis, too with 0.94 million units sold in the period. Software was the saving grace for both of Nintendo’s platforms, with 8.47 million units sold on 3DS and 4.68 million units on Wii U. These figures reflect a 7% and 3% increase on a year-on-year basis respectively.

Looking on the positive side of the financial report, smart devices and IP related income brought in 1.6 billion yen, a jump from the 922 million yen reported in the same period in 2015.

With some big titles on the horizon in the form of The Legend of Zelda: Breath of the Wild, Pokemon Sun and Pokemon Moon, and the launch of the NX sometime in March 2017, Nintendo will be hoping that these can help paint a prettier picture in next year’s financials.

You can check out the financial report for yourself, here.

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