Nintendo records $49 million operating loss as Wii U sales crumble

Jul 27 2016 by The Verge

 

Nintendo made an operating loss of 5.13 billion yen ($48.6 million) in the first quarter of its 2016 fiscal year as Wii U sales plunged 53 percent year over year to just 220,000 units. Nintendo cited the strengthening yen as one reason for its 31.3 percent slide to 62 billion yen ($587 million) revenue; about 72 percent of its sales are overseas, though exchange rates can't totally account for the decline in a quarter with no new hit games of note.

12 months ago Nintendo recorded its...

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