Business

Nintendo reports loss on shaky Wii U sales

By Yuri Kageyama
Published July 30, 2014 10:22am ET
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Nintendo reports loss on shaky Wii U sales
FILE - In this Dec. 15, 2013 file photo, shoppers take escalators painted with the logos of Nintendo and Super Mario characters at an electronics store in Tokyo. Nintendo Co. sank to a worse-than-expected loss for the fiscal first quarter on lagging Wii U and 3DS video-game machine sales. But the Japanese company behind Super Mario and Pokemon games stuck to its annual forecasts Wednesday, July 30, 2014 for a 20 billion yen ($196 million) profit on 590 billion yen ($5.8 billion) sales. (AP Photo/Shizuo Kambayashi, File) | Shizuo Kambayashi

TOKYO (AP) — Nintendo Co. sank to a worse-than-expected loss for the fiscal first quarter on lagging Wii U and 3DS video-game machine sales.

But the Japanese company behind Super Mario and Pokemon games stuck to its annual forecasts Wednesday for a 20 billion yen ($196 million) profit on 590 billion yen ($5.8 billion) sales.

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