Wii U and ‘Mario Kart 8’ Sales Strong; Nintendo Financials Still Down

By | 2 years ago 

Earlier this month we brought the news that Wii U and Mario Kart 8 sales were way up for the month of June, but we didn’t have any hard numbers. However, now that quarterly numbers are in we can see that, while sales are up in some respects, Nintendo as a whole is still taking a loss.

Around E3, Nintendo of America President Reggie Fils-Aime revealed he was very eager to see the sales numbers for June, as he expected a big spike for his company. Mario Kart 8 had just launched in late May and already become one of the fastest selling titles on the Wii U, so drawing that out into a full month he presumed we might see big things from Nintendo in June. He was right.

In addition to the title of best selling single platform title for June, Mario Kart 8 was also a big seller during Nintendo’s first quarter, moving 2.82 million units in a little over a month. The success of Mario Kart 8 also helped boost Wii U sales, which are currently at 6.68 million.

Unfortunately, although Nintendo sales are trending upwards in certain regards, the company’s financials are still down overall. In total, the company suffered a $92.6M loss this past quarter.

Mario Kart 8 Screenshot 5

That being said, Nintendo is still predicting overall profit for the fiscal year 2014. They believe that this first quarter loss was due to a lack of intriguing product — aside from Mario Kart 8 — but things should turn around in the remaining months. Nintendo has several high profile first party titles slated to release within the next nine months, including Super Smash Bros., Hyrule Warriors, and Pokémon Omega Ruby and Alpha Sapphire — all of which have the potential of posting big numbers for the company.

It seems readily apparent that Nintendo expects big things for this year, even if the first quarter didn’t exactly exceed projections. Moreover, fans are hopeful that the success of titles like Mario Kart 8 and Super Smash Bros. can help Nintendo turn a corner and recover from their financial troubles. Stronger Wii U sales means greater investment from developers and that means more games.

Will Nintendo meet their yearly sales projections? What game do you think will be Nintendo’s biggest seller in the fiscal year?

Source: IGN

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