Nintendo has reported earnings of 10.20 billion yen ($98.8 million) in the nine months to December 2013, noting that the Wii U continues to hurt the firm.
Revenue fell 8.1 per cent to 499.12 billion yen and the platform holder recorded an operating loss of 1.58 billion yen.
Much of this can be attributed to the poor sales of Wii U.
“The Wii U hardware still has a negative impact on Nintendo’s profits owing mainly to its markdown in the United States and Europe, and sales of software, which has high profit margins, did not grow sufficiently,” noted Nintendo.
However, three of Nintendo’s first-party Wii U titles have now sold over a million units: The Legend of Zelda: The Wind Waker HD, Wii Party U and Super Mario 3D World.
Wii U life-to-date sales now stand at 5.86 million, with Nintendo forecasting an extra 400,000 units to be sold in the quarter ending March 31, 2014.
Furthermore, Nintendo president Satoru Iwata announced to investors that he will cut his salary in half for the next five months, while other board members will see cuts in the region of 20 to 30 per cent.
Source: Nintendo earnings, AFP