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Nintendo has failed to sell the amount of Wii U game console it planned to back in January due to insufficient amount of games for the platform and general declines in sales of game consoles. The company also posted year-over-year decreases in revenues and profits, but still managed to become profitable in the fiscal 2012, which ended on March 31, 2013.

The net sales were down due to a large decrease in the unit sales of the Wii and Nintendo DS hardware and software despite the Wii U launch and the growth of the sales of Nintendo 3DS, the company said. During the FY2012, the company shipped 3.45 million Wii U game console units, which was lower than 5.5 million expected originally and 4 million projected back in January, 2013. Shipments of Wii totaled 39.8 million, sales of 3DS/3DS XL exceeded 139.5 million, whereas various versions of the DS were sold in 2.37 million quantity across the globe in FY2012.

“As for Wii U, it took off smoothly in the holiday season, but due to the lack of new software titles, we were unable to maintain the momentum this year. We initially hoped that Wii U would be showing more of a presence in the market by now, but the current situation shows that we need to spend more time on and put much effort into recreating the momentum,” said Satoru Iwata, the president of Nintendo, during the quarterly investor conference.

Nintendo’s net sales in FY2012 were ¥635.4 billion ($6.413 billion), a decline of 1.9% compared to the prior year. The company posted ¥7 billion ($70.65 million) net income, which is positive considering the fact that it made ¥43.2 billion ($436 million) loss a year ago.

For the fiscal year 2013, which ends on March 31, 2014, the company expects its net sales to hit ¥920 billion ($9.285 billion) and net income to be around ¥55 billion ($555.13 million). Forecasted unit sales for the fiscal year are as follows:

  • Nintendo 3DS hardware: 18.0 million units
  • Wii hardware: 2.0 million units
  • Wii U hardware: 9.0 million units
  • Nintendo DS software: 10.0 million units
  • Nintendo 3DS software: 80.0 million units
  • Wii software: 20.0 million units
  • Wii U software: 38.0 million units

As it can be observed, Nintendo does not expect any breakthroughs in Wii U sales and does not anticipate that the platform will become as successful as the original Wii.

Tags: Nintendo, Wii, Wii U, DS, 3DS, Business

Discussion

Comments currently: 7
Discussion started: 04/25/13 02:23:06 AM
Latest comment: 04/29/13 01:53:13 AM
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[1-6]

1. 
gee this was a shocker.
3 0 [Posted by: SteelCity1981  | Date: 04/25/13 02:23:06 AM]
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2. 
Wii sales full flushed down the tube because it was really crap. Mario Bros have their work cut out now to fix the blockage or the toilet will overflow... and this is not game "A" anymore.
1 0 [Posted by: linuxlowdown  | Date: 04/25/13 02:48:31 AM]
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3. 
Why buy a new one when you can get a Wii U on eBay for around $200. That's how low used ones are selling for and there are 300 units for sale at any given time. Looks like the people that have one can't wait to minimize there losses.
1 0 [Posted by: Memristor  | Date: 04/25/13 04:24:54 AM]
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4. 
Nintendo owns in Japan, which is why I think Mr. Iwata is taking over operations here in the US. Nintendo of America has been just terrible for years.
0 0 [Posted by: KeyBoardG  | Date: 04/25/13 07:07:02 AM]
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5. 
Xbox is surprisingly non-existent in Japan.
1 0 [Posted by: BernardP  | Date: 04/25/13 08:46:21 AM]
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6. 
It's not easy for Mommy and Daddy to buy these toys for the kids, when Mom and Dad are unemployed.
0 0 [Posted by: beenthere  | Date: 04/25/13 11:53:59 AM]
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- collapse thread

 
Doesn't seem to stop those mummies and daddies from buying ps3's and Xbox 360's, MS alone sold 1.3 million 360's over the same time Nintendo sold 0.39 million Wii U's.
0 0 [Posted by: genie  | Date: 04/29/13 01:53:13 AM]
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