Nintendo boss 'strives' for return to form by March 2014
Nintendo has struggled with Wii U's underperformance at retail globally, which it blamed on "the release of few key first-party titles ... to strongly drive the hardware sales".
In the firm's latest annual report, Iwata says the firm is "striving" to return to strong profits by the end of its current fiscal year ending March 2014 by way of its impending line-up of strong software releases.
"Nintendo posted an operating loss for the fiscal year ended March 31, 2013," admitted Iwata. "However, we strive to regain 'Nintendo-like' profits for the fiscal year ending March 31, 2014 by providing many people with fascinating games and services."
He went on, "We continue to make brand-new and unique proposals, and make efforts for the growth of the home entertainment industry with a mission that is to pleasantly surprise people and put smiles on the faces of everyone Nintendo touches."
While Wii U sales during Nintendo's first financial quarter (ending June 30) totalled just 160,000 units worldwide, software sales in the quarter came in at just over one million, taking lifetime software sales for the console to 14.44 million. That means the current Wii U attach rate is at about four games for each console - an encouraging sign, and one which suggests the Wii U install base is predominantly core gamers.
Nintendo's financial performance was also encouraging, with net profits of 8.6 billion yen (£57m / $88m), thanks largely to the strong performance of Nintendo 3DS. Hit that link for full details.
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Related Forum: Gaming Discussion
Source: http://www.computerandvideogames.com/422917/nintendo-boss-strives-for-return-to-form-by-march-2014/
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Comments
KatsumiPosted:
RanzeePurity Nintendo sucks tbh. They used to be good but now...no
Because there not as big as MS and Sony doesn't mean they aren't good. They still have many fans.
Nintendo doesn't really 'suck' in my opinion, they have just hit a rough patch this year. I am still a fan of many of their releases.
TreyarchedPosted:
varPurity Nintendo sucks tbh. They used to be good but now...no
They failed since the WII
LOL no they didn't the wii destroyed the ps3 and 360 in sales so I wouldn't call that a fail in any way.
LWRPosted:
Purity Nintendo sucks tbh. They used to be good but now...no
Because there not as big as MS and Sony doesn't mean they aren't good. They still have many fans.
KatsumiPosted:
varTollPurity Nintendo sucks tbh. They used to be good but now...no
Yeah I loved my old Nintendo 64! But I can not stand the Wii or anything!
They should quit the gaming industry
Umm.. That wouldn't be a very good idea. Over the years Nintendo has built up a pretty solid fanbase and have released some great games, they also have the 3DS which is a solid handheld console. If they leave the industry it would be just stupid
KatsumiPosted:
CokesShadowBoltDashie The new Super Smash Bros and I guess Pikmin 3 (Apparently some people are really excited for Pikmin 3) might help the sales increase for the Wii U. If those games get good reviews and do well in sales, people might get the Wii U for those games and give the Wii U a try.
Yeah but I don't think it will save the Wii U. They released it way too late.
I agree, the new super smash bros should of been a launch title in my opinion
IlIuminatiPosted:
ShadowBoltDashieCokesShadowBoltDashie The new Super Smash Bros and I guess Pikmin 3 (Apparently some people are really excited for Pikmin 3) might help the sales increase for the Wii U. If those games get good reviews and do well in sales, people might get the Wii U for those games and give the Wii U a try.
Yeah but I don't think it will save the Wii U. They released it way too late.
Saving it, no. I don't think so either. I think it will help boost sales but not help it get out of where it's at right now. Something phenomenal would have to happen with the Wii U for that to happen.
Super Smash Bros Melee was the best and will remain the best
TaigaAisakaPosted:
CokesShadowBoltDashie The new Super Smash Bros and I guess Pikmin 3 (Apparently some people are really excited for Pikmin 3) might help the sales increase for the Wii U. If those games get good reviews and do well in sales, people might get the Wii U for those games and give the Wii U a try.
Yeah but I don't think it will save the Wii U. They released it way too late.
Saving it, no. I don't think so either. I think it will help boost sales but not help it get out of where it's at right now. Something phenomenal would have to happen with the Wii U for that to happen.
CokesPosted:
ShadowBoltDashie The new Super Smash Bros and I guess Pikmin 3 (Apparently some people are really excited for Pikmin 3) might help the sales increase for the Wii U. If those games get good reviews and do well in sales, people might get the Wii U for those games and give the Wii U a try.
Yeah but I don't think it will save the Wii U. They released it way too late.
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