Nintendo Posts $80 Million Loss in Q3 on Weak Wii U Sales

Needs a 1UP

Video game maker Nintendo sank to a loss in the latest quarter as sales of its Wii U game console continued to be eroded by a shift to gaming on smartphones and tablets.

The Kyoto-based maker of Pokemon and SuperMario reported an 8 billion yen ($81 million) loss Wednesday for the three months ended Sept. 30. That virtually wiped out an 8.6 billion yen profit the previous quarter. Sales totaled 115 billion yen, a slight drop from the same quarter last year.