Nintendo is still faltering despite Mario Kart 8 success

It was once the video game powerhouse, but now Nintendo is still suffering financial woes.

mario-kart-8

While sales of both the Wii U console and the Mario Kart 8 game have been strong, they have not been enough to pull the company out of its four-year slump.

Nintendo this week revealed its financial results for the first quarter of 2014.

The company said that it sold 510,000 Wii U units and 820,000 3DS units, but that was not enough to stop it from suffering a financial loss.

Nintendo reported its net income was in the red by ¥9.92 billion (£54.7m).

While it rebounded a bit from a loss of ¥17.19bn in Q3 of 2012 to a gain of ¥8.62bn in Q3 of 2013, the Japanese game-maker’s operating income loss of ¥4.9bn in Q3 of 2012 nearly doubled to ¥9.47bn in the latest quarter.

Mario Kart 8 did give Nintendo and the Wii U a much-needed boost.

The popular go-karting game has sold 2.82m copies since its launch on May 30.

Meanwhile, NintendoLife is reporting that the UK supermarket chain Sainsburys has cut retail price of the Wii U Mario Kart 8 hardware bundle by £40, to £209.99.

But will that result in enough of a sales boost to turn Nintendo’s fortunes around?






About the Author

Stuart O'Connor

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Stuart is an Australian journalist who has been living in London for the past 11 years, and was formerly the Technology Production Editor for the Guardian newspaper and website. He drinks way too much coffee.

Stuart O'ConnorNintendo is still faltering despite Mario Kart 8 success
  • Matthew Beal

    Oh look, it’s the daily “Nintendo is doomed” article.