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Nintendo faces incredible losses this year

By Marcina Zaccaria,

Video game company Nintendo has reported that they did not meet their expectations for the last fiscal year.

Numbers were a bit less than anticipated. Their sales ended up at $5.6 billion, according to Forbes, while the company was hoping for $5.79 billion. Wii U and 3DS have been falling short of their sales goals.

Nintendo's total loss for the last three years was recorded at $1.18 billion. Overall, Nintendo’s figures are down about 10 percent from last year’s figures.

The Wii U has sold over 6.17 million units since its launch in 2012, according to Digital Spy.

The company is looking ahead. In this fiscal year, Nintendo is predicting a gain of $392.7 million. Nintendo is also looking at entertainment experiences they are calling “Quality of Life.” Although they haven’t yet revealed a statement that articulates what that means, analysts believe that it speaks to a long-term plan to expand beyond games.

On the up side, Nintendo has been doing well with products like Pokemon X and Y. New games will be presented this year, as well. Anticipated games from Nintendo include Mario Kart 8 for Wii U and a new Super Smash Bros. for Wii U and 3DS.

 
 

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