Nintendo shares fell 5% in Tokyo on Wednesday as the company posted June-quarter results that don’t paint a pretty picture. The company managed to swing to an $88 million net profit despite sales that fell 3.8% on-year, but Nintendo’s new Wii U console still isn’t showing any signs of life. A report from earlier this week revealed that U.K. retail giant Asda recently pulled the Wii U from store shelves, and now we know why: June-quarter sales totaled just 160,000 units globally. That figure is down by more than 50% from Nintendo’s March-quarter unit sales, and cumulative sales since the console launched last November total 3.61 million units. Nintendo hopes to sell 9 million Wii U consoles by March 2014.
Nintendo got a huge jump on the competition when it launched its next-generation Wii U video game console ahead of the holidays last year. Unfortunately, that big advantage didn’t pan out and sales of the company’s new console continue to slump. More bad news came for Nintendo this week as retail giant Asda, the U.K.’s second largest grocer, stopped stocking the Wii U in its 555 stores across Britain. CVG was first to report the news, noting that the Wii U is still available for purchase from the company’s Asda Direct website, along with a few game titles and accessories. ”Asda continues to offer customers a selection of Wii U games and accessories through Asda Direct, but these ranges are currently not on offer in Asda shops,” the retailer said in a statement to CVG.
Things are still not looking very good for Nintendo’s Wii U video game console. Recent numbers show that even Sony’s PS Vita is now crushing Wii U sales, and game makers are starting to distance themselves from the new console. Electronic Arts said it doesn’t plan to make any of its next-generation games available on the Wii U for the time being, and now Ubisoft is the latest company to begin to distance itself from the struggling console. More →
A fascinating drama is playing out in Sony and Nintendo’s home market — the PS Vita has found a new lease on life, while the Wii U continues flatlining. This could have a profound impact on how powerful Japanese game developers map out their 2014 and 2015 software strategies. During the week ending in June 30, Sony’s portable console found the third biggest smash of its life cycle so far as “Toukiden” sales for the PS Vita hit 127,000 in its first week of availability. According to Famitsu, this lifted Vita’s weekly hardware sales to 34,000 from 14,000 in the previous week. This is splendid for Sony on two different levels. First, a title that wasn’t expected to be a big seller managed to top 100,000 units without a massive marketing push. Second, the ”Toukiden” debut had an immediate and substantial impact on Vita sales. Some of the recent Vita games have been very effective in helping to push system sales. More →
New Nintendo CEO Satoru Iwata is not exactly a breath of new air. As a matter of fact, he sounds eerily like Nokia executives circa 2007, swimming deep in a river called Da Nile. Iwata does not think smartphones and tablets have any impact on the video game market. Iwata does not see Nintendo producing any games for such devices. Iwata thinks Nintendo can go on running its business like it’s 1999. More →
Gamers hoping that Nintendo would try to boost poor Wii U sales by slashing the console’s price are in for a disappointment. In an interview with VentureBeat last week, Nintendo marketing executive Scott Moffit said that the company has “no plans to change the price of Wii U,” which he described as a “great value” for gamers. Instead, Moffit said he expected sales for the console to increase once new games for Nintendo’s popular Mario, Zelda and Super Smash Bros. franchises get released in the coming months. Moffitt’s remarks echo those made by Nintendo CEO Satoru Iwata, who recently blamed the Wii U’s poor sales on its lack of top-notch games.
Sales of Nintendo’s Wii U console have been calamitously bad so far but the company’s CEO isn’t about to start blaming the rise of mobile games. Instead, AllThingsD reports that Nintendo CEO Satoru Iwata thinks that the Wii U has sold poorly because Nintendo isn’t providing gamers with enough top-notch titles to draw them to the system. More →
The Wii U will be one year old by Christmas 2013. How is it possible that Nintendo was unable to produce an entirely new iteration of its Mario, Zelda, Mario Kart and Super Smash Bros. franchises within the first year of the console’s life cycle? Nintendo has known for a long time that it will have to face the big debuts of the new Xbox and PlayStation boxes around the 2013 Christmas season. It is inconceivable the company can be so deluded or arrogant that it thinks it can coast along without a major new revival of any of its big franchises until 2014. More →
There are rumors about Wii U sales in North America slipping below 40,000 units in April. But it’s a fact that Wii U sales in its home market of Japan spiraled below 7,000 units during the week ending May 12. This is an atrocious level. The ancient PS3 sold 12,000 units and the portable console champ 3DS sold 46,000 units during the same week. The PS Vita sold 12,000 units and even its predecessor the PSP managed to top 6,000 units. This means that the closest sales comparison to the Wii U is a Sony portable console that was replaced by a newer model more than a year ago. More →
The Xbox 360 topped the charts again in April, marking the 28th consecutive month Microsoft’s gaming console has outsold Sony’s PlayStation 3 and Nintendo’s Wii consoles. According to research from NPD Group, the Xbox 360 accounted for 42% of current-generation sales with 130,000 units sold last month. It wasn’t all good news, however, as sales plummeted 50% from 261,000 units in March. As a whole, the industry continued to struggle in April with total gaming sales down 25% year-over-year from $657.5 million to $495.2 million. Microsoft and Sony’s next-generation consoles are expected to help sales pick up when they launch ahead of the holidays this year.
Things keep getting darker for video game giant Nintendo. The news that the company’s previous-generation Wii console outsold the new Wii U during the first quarter really put Nintendo’s troubles in perspective, and now more bad news has emerged for the video game giant. As picked up in a report from Joystiq, an Electronic Arts executive has confirmed on Twitter that the company is abandoning plans to build its new gaming engine for the Wii U. More →
Nintendo is running out of time to sell the Wii U before it gets heavy competition from both the PlayStation 4 and the next Xbox. As Engadget points out, Nintendo has reported selling just 390,000 Wii U consoles over the past quarter, which puts its total number of consoles sold at just 3.45 million. This means that Nintendo didn’t even hit its sales target of 4 million consoles sold by the end of March, despite the fact that it was a downward revision from an earlier sales target of 5.5 million. But this isn’t even the most humiliating aspect of Nintendo’s anemic Wii U sales record, since T3 notes that Nintendo has actually sold around 4 million of its original Wii consoles since the launch of the Wii U, meaning that gamers are still much more interested in its years-old model than the current version.
Nintendo’s new Wii U has been labeled a flop with estimated sales of only 55,000 units domestically in the month of March. Nintendo of America’s chief executive Reggie Fils-Aime isn’t worried, however. The executive told GamesIndustry.biz that digital downloads are soaring and fast becoming a “notable contributor” to the company’s bottom line, a trend he believes will continue. More →