Nintendo Reports Loss On Shaky Wii U Sales

TOKYO (AP) — Nintendo Co. sank to a worse-than-expected loss for the fiscal first quarter on lagging Wii U and 3DS video-game machine sales. [...] the Japanese company behind Super Mario and Pokemon games stuck to its annual forecasts Wednesday for a 20 billion yen ($196 million) profit on 590 billion yen ($5.8 billion) sales. Nintendo has been fighting to maintain profits amid competition from games and social media apps on smartphones and other mobile devices. The company also faces competition from rivals Sony Corp.

Topics:  tokyo ap     nintendo co   wii u   japanese   super mario   pokemon   sony   nintendo   corp   loss   sales   billion   yen   competition   company   games   
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