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Wii U could be solution to Nintendo losses

Earlier today we brought you fresh speculation that the Nintendo Wii U will be making an appearance at the tail end of this year, meaning it could be the perfect Christmas gift, although an official day is yet to be confirmed. This is good news for consumers but for the company itself the launch can’t come soon enough as today they reported yet more losses in sales.

Nintendo has been struggling for a while now with their various consoles failing to offer any superiority over competing manufacturers’ consoles such as the PS3 and the Xbox 360. Even the launch of their flagship handheld console, the 3DS has not been as successful as they had hoped meaning the launch of the Wii U could be their last solution to becoming successful again.

Today the company’s overall totals report revealed a 32% decrease from a year ago. During the same period in 2010 they had managed to make a profit of 50 billion compared to a 48.4 billion loss this year, despite making 556.2 billion over the course of the year. While the company acknowledges they are struggling, they blame having to reduce the 3DS price drastically due to lack of sales, to $169 from $249 and the strong Yen for having major impacts.

Rumors emerged earlier this week that the Wii U would be twice as powerful as the Xbox 360, currently the best-selling games console on the market. The same reports also suggested that the developers of the console were disappointed with this as they feel it is under achieving. While there is nothing official to suggest this rumor is true, Nintendo will be hoping for at least half the success of the Microsoft console if they are to achieve anything over the following years.

Do you think the Wii U launch will be enough to change Nintendo’s fortunes?

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Written by Chris Cook

Chris enjoys reading most types of news, which includes gaming for the PS3, Xbox 360, and other popular gaming devices. His passion for sports, music, and the latest technology is shown in the news he reports. While the Internet keeps everyone connected, Chris has a keen interest to view the world first hand. This aim is made more possible thanks to being able to report news online from anywhere in the world.

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