TECH Bits: ‘Mario Kart 8’ Sales Rev Up As Nintendo Struggles; Rob Glaser Redux

Not even the arrival of fast-selling sequel Mario Kart 8 could rev up sales of the Wii U game console, as one-time video game king Nintendo continued to struggle in its first quarter. Operating losses of 9.47 billion yen ($92.2M) were twice as bad as expected in consensus analyst estimates, while sales dropped more than 8 percent to 74.7 billion yen ($72.7M) despite sales of more than 2.8 million units of Mario Kart in the quarter.

There were modest signs of hope, as Wii U sales spiked more than three times from the same quarter a year ago, hitting 510,000 units. That still leaves the Wii U far behind Sony’s next-generation game console, the PS4, which has racked up 8.7 million units sold since its debut in November 2013, a year after the Wii U. Nintendo has sold fewer than 6.7 million units in 19 months.

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This article was printed from https://deadline.com/2014/07/nintendo-quarterly-earnings-mario-kart-wii-u-realnetworks-rob-glaser-812276/