Nintendo Posts Record Low During Earnings Reports

A couple weeks ago Nintendo, the once mighty console maker, posted incredibly low sales for the 3 month period ending July 30th. They reported only selling 160,000 Wii U’s. To put that in perspective the seven year old Wii was reported to sell 210,000, out pacing the Wii U by 50,000 units.

Summer quarter is generally a slow period for console sales and video games in general. Unless of course you work for Valve and get tons of cash from the Steam Summer Sale from saps like me! However, 160,000 shows a drop of 60% from the previous quarter.

What does this mean for Nintendo? If they don’t turn around the poor sales of the Wii U, does Nintendo do the unthinkable and follow Sega? Becoming a software company and make games for Sony and Microsoft’s consoles? Or do they just live off their handhelds?

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