Tech

Nintendo admits Wii U’s failure

We all knew that the Wii U isn’t as great as it’s predecessor was, and it seems like Nintendo has just realized that, too, by admitting that the sales from it’s latest console has fallen well short of their financial expectations.

“We failed to reach our target for hardware sales during the year-end, when revenues are the highest,” Nintendo said in a statement.

“As a result, the sale of high-margin software fell far short of our projections.”

The company now expects a 35 billion Yen operating loss for the financial year, with its portable console, the 3DS also not meeting sales expectations. It’s the opposite of the 100 billion Yen profit the company had predicted for the year, and the third year in a row that Nintendo has operated at a loss.

This sales flop comes despite a 3-year high in consumer sales of video game consoles and US buyers spending over $1.3B in the Christmas period alone.

Satoshi Iwata, Nintendo’s president is feeling this as a major blow after promising to turn the company around after last years disastrous financial results. Acknowledging that the Wii U and its little difference from the Wii is the problem, Iwata said

“The company appears to have failed to differentiate the Wii U from the Wii,” he said. He also mentioned that his own 10-year-old son, who owns both a Wii and DS, had shown no interest in the Wii U.

This article originally appeared on News.com.au.