Despite Impressive ‘Mario Kart 8’ Sales, Nintendo Still Records a Loss

While the last three months have shown marked improvement for Nintendo console and software sales, the maker of Wii U, 3DS, and all things Mario still found itself struggling. Nintendo reported that it raked in 74.7 billion yen ($731.5 million) for the three month period that ended on June 30, 2014, down by approximately 8.4 percent compared to the same period a year ago. The company also recorded a loss of 9.9 billion yen ($96.9 million), compared to profits of 8.6 billion yen ($84.2 million) in the same period a year ago.

All of this sour financial news is in spite the fact that Mario Kart 8 for Wii U sold 2.82 million copies, while 510,000 Wii U units sold during the three month period. The other issue affecting Nintendo's profits during the quarter was a diminishing interest in Nintendo games in its home country. Game software sales in Japan have fallen dramatically (nearly 50 percent), making North America Nintendo's most profitable market – 42.0 percent of sales were from North America during the quarter according to Nintendo.

Looking ahead, Nintendo expects the new Super Smash Bros. and Pokémon Omega Ruby and Alpha Sapphire to perform very well when they are released this fall. The company also expects Hyrule Warriors, BAYONETTA 2, Captain Toad: Treasure Tracker and Super Smash Bros. to boost Wii U sales in the coming months. Nintendo also hopes that its "amiibo" character figures, which will likely hit before or during the holiday shopping season, will help boost profits this year.

Source: Gamasutra

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