Nintendo president Satoru Iwata has stated that Nintendo wasn’t able to lift the sales momentum of the Wii U console and its software as much as it hoped during the critical holiday season last year. He further stated that the lack of game software is having a large impact on profit for the company. The financial forecast for the company is a loss of 25 billion yen ($240 million) for the year to March.
“During the year-end shopping season, we weren’t able to lift sales momentum for the Wii U. The decrease in game software sales is having the biggest impact. My duty, more than anything else, is to revive our business momentum.”
With Nintendo having announced their plans for E3 this morning, hopefully things will start to get back on track for the Kyoto company this year.
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TAGS: nintendo financials, Satoru Iwata