Wednesday, July 30, 2014

'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...


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