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Nintendo Reports More Losses

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Nintendo Reports More Losses

Business

Nintendo Reports More Losses

Nintendo Reports More Losses

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  • <iframe src="https://www.npr.org/player/embed/242028454/242028719" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Nintendo, the world's largest video game company, reported its third quarterly net loss in a row — the latest was just over $81 million. The Wii U gaming console's disappointing sales are the main culprit. It has sold just 5 percent of what Nintendo had projected a year ago.

STEVE INSKEEP, HOST:

NPR business news starts with more losses for Nintendo.

(SOUNDBITE OF MUSIC)

INSKEEP: The world's largest video game company, reported its third quarterly loss in a row - the latest was just over $81 million. Disappointing sales of the Wii U gaming console is the main culprit here. In spite of a name that sounds like a celebration - whee yoo(ph) - it sold just a few percent of what Nintendo had projected a year ago.

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