It's not printing money yet
President Satoru Iwata spoke at Nintendo's quarterly financial briefing today, and he stated the Wii U console would be sold at a loss for its launch next month.
"In addition to the yen's continuous appreciation, 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."
"In this first half of the term before the launch of the Wii U, we were not able to make a profit on software for the system while we had to book a loss on the hardware, which is currently in production and will be sold below cost. Our loss has therefore widened during the second quarter in spite of bringing the Nintendo 3DS hardware back to profitability."
"Although we expect our financial performance to be revitalized, under these circumstances, unfortunately we cannot say that we will achieve "Nintendo-like" profits within this fiscal year."
The projections aren't all doom and gloom. Nintendo aims to sell 5.5 million Wii U consoles by the end of its launch window on March 31st and return to high profitability by the end of 2013.
3,033 news items
A day with Pokemon GO Down Under
Splatoon's Last Ever Splatfest is Coming
And It's Sister vs. Sister
Nintendo President Satoru Iwata Passes Away at 55
Rest In Peace
Nintendo has detailed the return of its World Championship
Do you have what it takes?
Disney Infinity 3.0 Edition Officially Revealed
The Force is strong with this one...
Rumor: Disney Infinity 3.0 Leaked Early
Straight from a Galaxy Far, Far Away...
Mario Kart 8 DLC Pack 2...OH YEAAAAH!
Nintendo should do this more.
The Nintendo GameCube: An Interesting Legacy
Will The Wii U Have a Similar Fate?
Project Ukulele - Possible Hint at Characters
Could it be?
Wii's World is not officially affiliated with Nintendo! (but they wish we were).