Nintendo have released their financial results up until Q3 of fiscal year 2013. That’s nine months from April to December of last year.
In that period, the company only managed to sell 2.41 million units globally, with just under 16 million pieces of software sold. This means that the Wii U business has not been able to recover fully, despite key titles such as The Wind Waker HD and Super Mario 3D World selling over a million units each.
On the contrary, the 3DS is doing very well, with 11.65 million units of hardware and 57.25 million units of software sold in these nine months. The biggest seller was Pokémon X & Y, which reached a staggering 11.61 million units across both versions – that’s almost as much as new consoles sold.
DS and Wii sales were quite low, considering the fact that both stopped production, with 0.11 and 1.07 million units of hardware sold respectively. To date, the Wii U is behind all of Nintendo’s other consoles, only selling 5.86 million units compared to the 42.74 million 3DS systems, 100.90 million Wiis and 153.98 million DS consoles.
So, what does this all mean for Nintendo’s net profit? Well, it’s still in decline, but thanks to the 3DS sales they’ve managed to reach a profit of £59.53 million, which is down from last year’s £85.09 million but in the black nonetheless.
Their total net sales were 499.1 billion yen, which is around £2.91 billion. That’s means while it’s still a high number, profits fell down due to poor performance of the Wii U hardware.
Despite posting a profit, the obvious decline has made Nintendo’s president Satoru Iwata rethink his strategy, and he will personally take a 50% pay cut over the next five months before assessing the situation once again. Other members of the board, such as Miyamoto will be taking pay cuts between 20 and 30%.
Source: Nintendo Financial Release / Siliconera
Taylor Made
It’s a sad day seeing Nin struggling in their own world but in all fairness Disney grew up so Nin need do the same & evolve, kids now have more than just Mario as an option
Cron_13
Mario Kart 8 or/and Super Smash Bros U Wii U Bundle £189 = lots of Wii U sales.
NEXT!
Starman
I think they’ll eventually bite the bullet and start putting some of their games on mobiles.
Lyts1985
That’s one thing nintendo are good at – making a profit. Sales are down but they’re still making money so their business strategy isn’t bad… They just need to start advertising more and rethink their hardware strategy. I don’t think we’ve seen the end of them this gen!
freezebug2
Well if they do go ahead with making top game demo’s available for mobiles but with full game versions only available for native consoles leaving players wanting more then that could be the shot in the arm that matron prescribed!
Kennykazey
It’ll be interesting to see what these “losses” will lead Nintendo to do. Pricedrops, new SKU, bundles galore, new marketing, all of the above?
Eldur
Hopefully the first on on your list. The day I can get a Wii U with Zelda / Mario for under £200 is the day I buy one.
bunimomike
“The biggest seller was Pokémon X & Y, which reached a staggering 11.61 million units across both versions – that’s almost as much as new consoles sold.”
This comparison is hilarious. :-)
Like saying that Pokémon sold more copies than hairs on my head (which isn’t difficult) but it’s still just as relevant, I swear! :-P