Nintendo posts full year loss - Blames Wii U
It seems that Nintendo are now beginning to feel the effect of the Wii U's drag on their profits: BBC News - Nintendo posts full year loss after weak Wii U sales
Interstingly it also mentions poor sales of the 3DS which many in the industry were hoping would shore Nintend up for a bit.
Most telling is this comment in the article:
Interstingly Nintendo hopes to boost its Wii U sales by the roll out of bigger titles. I have to think there is a chicken and egg situation developing now and with many hard core gamers currently only being able to invest in one next-gen console (XB1 - PS4) the Wii U will still be overlooked for some time to come I suspect. Besides, a point that I, amongst others, have made about game development for the Wii U is that what company would develop for a console with minimum market share?
The firm initially forecast nine million units would be sold over the year to 31 March 2014. In fact it sold just 2.72 million machines despite cutting the price of the console.That brings total sales since launch to 6.17 million Wii Us.
By contrast, Sony sold more than seven million PlayStation 4s and Microsoft shipped more than five million Xbox Ones - both within five months of their launches.
Lack of games has been the death knell for many consoles in the past, and with possibly only Nintendo and a few other houses developing for it the lack of variety will soon take it's toll.
The article also shows that Nintendo is not short of a penny or two to tide itself over, but if you are not selling anything that doesn't really mean much.