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Nintendo slashes forecast from a profit to a big loss

  • Posted byby Dean Takahashi
  • Updated
  • 1 min

Nintendo had a disastrous holiday season because of  weak sales of its Wii U video game console.

Trumped by the Sony PlayStation 4 and the Microsoft Xbox One, the 16-month-old Wii U was under-powered, and its tablet-like game controller didn’t resonate with gamers. As a result, Nintendo slashed its forecast tonight for the fiscal year ending March 31.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.