Nintendo’s Profits Continue To Slip As Wii U Sees Slight Sales Bump
Nintendo recently released their quarterly earnings report and it shows that the companies profits are continuing to slide downward. The company had an operating loss of $187 million with sales around $1.17 billion. Wii U sales are still poor, but improved over 400% over the previous quarter. The company also managed to sell 2.49 million 3DS systems. This shows a year-on-year decline of nearly 20%. The company still expects to make a profit this fiscal year as the holiday season approaches, but their flagship console will have heavy competition in the coming weeks with the release of the PS4 and Xbox One.
Via: The Verge