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Nintendo has announced its third straight annual loss

Nintendo Wii U
Nintendo Wii U

Nintendo has announced its third straight annual loss, posting a $457 million operating loss with a $22 million net loss this past fiscal year. It sold 2.7 million Wii U units last year (when it was project to sell 2.8 million units), bringing the lifetime sales to 6.17 million thus far.

The 3DS sales, on the other hand, revealed somewhat more positive news. Nintendo sold 590,000 units in the last quarter, bringing up the lifetime sales to 43.3 million units thus far (including the cheaper 2DS), yet still fell short of predictions.

According to IGN, Nintendo hopes that it will make a profit again of $394 million by selling 3.6 million Wii U units and 12 million 3DS units this fiscal year.

Sony with its PS4, since its November 2013 release, has well exceeded the Wii U lifetime sales with 7.4 million worldwide units, with Microsoft’s Xbox One (November 2013 release as well) not far behind with 4.4 million worldwide lifetime units.

Nintendo is hopeful to turn things around with the launches of Mario Kart 8 (out on May 29th) and Super Smash Bros. (3DS version this summer; Wii U version this winter).