Technology news site

‘Mario Kart 8’ fails to stem growing Nintendo losses


Nintendo made an operating loss of ¥9.47 billion ($92.7 million) in its first quarter of 2014, with the launch of Mario Kart 8 sparking a bump in Wii U hardware sales that wasn’t big enough to boost the company’s financial performance. Wii U sales were 510,000 between April and June, a year-on-year jump of 219 percent, as Mario Kart 8 itself moved 2.82 million copies — over half of all Wii U titles for the quarter, and enough to make it the console’s third best-selling game of all time. This means that over 80 percent of people who bought Mario Kart 8 were existing Wii U owners before this quarter, so it hasn’t yet convinced many newcomers to pick up the console.

Revenue was ¥74.7 billion ($731 million), an 8.4 percent decrease on the same period last year, for an overall net loss of ¥9.92 billion ($97.1 million). The 3DS handheld continued its decline, selling 820,000 units over the quarter compared to 1.4 million a year ago. Nintendo hasn’t altered its forecast of a ¥40 billion operating profit for fiscal 2014, and still predicts that it will sell 3.6 million Wii U consoles during the period.


Nintendo came out of June’s E3 conference with a lot of goodwill; the company announced exciting titles like Splatoon, Mario Maker, and The Legend of Zelda for Wii U during a quirky online broadcast, and creative talisman Shigeru Miyamoto showed off experimental prototypes including a new Star Fox game. And with the likes of Mario Kart 8 and Shovel Knight receiving universal acclaim, the Wii U looks a lot more like a console worth owning than it did a year ago.


But beside Super Smash Bros. for 3DS and Wii U, Nintendo doesn’t have much in the way of heavyweight releases for the rest of 2014. Hyrule Warriors, a Zelda-themed entry in the Dynasty Warriors franchise, goes on sale in Japan next month, but the Warriors series has never been a big hit outside its homeland.

Nintendo’s biggest other releases for the rest of the year are Captain Toad: Treasure Tracker, a 3D puzzle game based on the special stages from Super Mario 3D World, and Bayonetta 2, a hardcore action title developed by Platinum Games. Both look like solid releases at this stage, but neither is likely to be a sales success. Nintendo is launching its NFC-powered Amiibo figurines too, however, which the company will hope prove as popular as Activision’s similar, successful Skylanders franchise.

source: Sam Byford/The Verge

HTML Snippets Powered By : XYZScripts.com