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Wii U sold below Cost

Nintendo is giving you a present this Holidays. Nintendo is making a loss on each Wii U they sell.

Oct 25 2012, 4:43am CDT | by

3 Updates
Wii U sold below Cost
 
 

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Wii U sold below Cost

The console business has become really hard. Nintendo is releasing the Wii U on November 18 and has now revealed that their new console is sold below cost according to GamesIndustry Satoru Iwata, president of Nintendo said: "The Wii U hardware will have a negative impact on Nintendo's profits early after the launch because rather than determining a price based on its manufacturing cost, we selected one that consumers would consider to be reasonable."

The Wii U sells for $299.99 and $349.99 respectively. The initial stock of Wii U is basically sold out. Only expensive bundles pop up now and then. Here is for instance a $459 Wii U bundle that is in stock on Walmart .

Nintendo plans to sell 5.5 million Wii U consoles this fiscal year.

 

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Update: 3

Mario Kart 8 Gets Licensed Mercedes Benz DLC For Wii U

Source: cinema blend

Gaming Companies Highlight Their Latest Products At Annual E3 Game Industry Conference
The Big 'N' is holding nothing back for what some deem as the last chance to kickstart the Wii U's sales momentum before the holiday season, and it looks like Nintendo is treating Mario Kart 8 as the ignition to a new-found perspective on the eig ...
Source: cinema blend   Full article at: cinema blend May 29 2014, 1:32pm CDT
 


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Update: 2

Nintendo: One Game Could Change Wii U's Fate

Source: IGN

Gaming Companies Highlight Their Latest Products At Annual E3 Game Industry Conference
Nintendo president Satoru Iwata believes the introduction of one game could dramatically improve the Wii U's sales situation. Iwata talked with investors last week after announcing another operating loss ($457 million USD) for the Japanese game company, with a large part of Nintendo's underperformance stemming from poor sales of Wii U. Nintendo only sold 2.7 million Wii U consoles last year and is predicting a ...
Source: IGN   Full article at: IGN May 13 2014, 11:43am CDT
 

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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