Nintendo’s Financial Struggles Continue, Even With Mario Kart 8

Maybe they should add more virtual content, meaning older games we all love! That was a huge selling point for Wii U and so far, the games available for download are largely unwanted.

TIME

Even the smash hit Mario Kart 8 doesn’t seem to be able to save Nintendo and its Wii U. The Japanese video game giant posted a loss of 9.92 billion yen ($96.7 million) between April and June, according to its first fiscal quarter earnings report. Nintendo had a profit of 8.62 billion yen ($84 million) during the same period last year.

It’s not a great start to the fiscal year for a company that posted an annual operating loss during its last three. Sales for the company were also down, with revenue of 74.7 billion yen ($728 million) falling 8 percent from last year’s figure of 81.5 billion yen ($794 million).

The Wii U recovered at least somewhat from its disastrous 2013. It sold 510,000 units in the quarter, more than triple the 160,000 it sold during the period last year. Software sales were also way up, mostly thanks to…

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