'Mario Kart 8' couldn't save Nintendo from a $97 million loss


Mario Kart on the Wii U is really good. Unfortunately it's just one game -- and it looks like it won't be enough to rescue the Wii U's sales. Nintendo apparently agrees, stating that its 9.9 billion yen loss was due to a lack of hit titles outside of the flagship racer. Matter-of-factly, Nintendo said:



"The operating loss was 9.4 billion yen because total selling, general and administrative expenses including fixed expenses exceeded gross profit. "



Which is, well, exactly how you work out an operating loss. The company is now betting on the power of Super Smash Bros. as well as the best-selling Pokemon series to improve results later this year. Wii U console sales have improved in the Americas and Europe: 510,000 units were sold worldwide in the last three months, compared to 160,000 in the same period last year. In Japan, however, Wii U sales have decreased year-on-year.


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