Sorry Nintendo Co., Ltd (TYO:7974), but the profits are in another castle. Nintendo saw an operating loss and net loss for its fiscal year that ended on March 31st. The sales of the Wii U have been dismal at only 6.17 million console sales since launching in November 2013, including 310,000 sold in the most recent quarter.
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Nintendo Wii U Posts
Sega has announced a new game called “Sonic Boom.” Sonic Boom will include a video game, new CG-animated TV series, and a new set of toys. The new game will arrive on the Nintendo Wii U and Nintendo 3DS this year.
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Nintendo president Satoru Iwata knows that the company is in a bad position. The forecasted sales of the new Wii U gaming console dropped by around 70%, which is causing the company to strongly consider their position in the gaming market. There is going to be a “major management shake-up.” Iwata said that the company is thinking about a new structure for the business.
There is a report floating around that Nintendo needs to sell 8 million Wii U consoles to reach their 9 million goal by March. This means that they have to sell around 2 million consoles per month. This goal seems rather unrealistic based on past sales figures. Nintendo has sold around 4.3 million consoles worldwide since launching over a year ago.
The CEO of Nintendo Co. Ltd. has announced that the year-end sales of the Wii U games console are steady, but they are not as strong as when the original Wii was launched. “At the end of the Christmas season, it wasn’t as though stores in the U.S. had no Wii U left in stock, as it was when Wii was first sold in that popular boom. But sales are not bad, and I feel it’s selling steadily,” stated Nintendo President Satoru Iwata in an interview.
Around 7,000 Nintendo Wii U consoles were stolen at the Seattle SeaTac airport. Thieves at the airport managed to steal a cart with 7,000 consoles. Since each console has a $300 price tag, this means that $2.1 million worth of consoles have been taken. It is unknown whether Nintendo will be able to expedite a new set of consoles to the parties that were expecting the Wii U consoles that were stolen.
Amazon.com has launched an Instant Video app for the Nintendo Wii U. The Amazon Instant Video app for the Nintendo Wii U home console gives customers easier access to over 140,000 movies and TV episodes available to purchase or rent from the Amazon Instant Video library.
Netflix has announced that their service is now available on the Wii U console in the U.S. and Canada. The Wii U works on the Wii U GamePad controller and supports up to 1080p on your TV. Netflix members can use the app immediately simply by signing in. If you are not a Netflix user already, then you can sign up for a free trial on the Wii U.