GamesBeat

‘Late Night’ host Jimmy Fallon cracks wise about Nintendo’s losses

Above: Mario trades in some of his gold coins to help his company stay solvent.

Image Credit: Late Night with Jimmy Fallon

Nintendo is leaking profits, its Wii U home console isn’t catching on, and most analysts are calling for it to start making iPhone games — but at least Jimmy Fallon talked about the company on his show last night.

Late Night with Jimmy Fallon‘s host took some time during his monologue yesterday to pile on the beleaguered gaming company. He noted that Nintendo is expecting to post a loss for its fiscal year and made a couple of jokes about its financial situation.

Check it out in the video below:

The Japanese gaming publisher revealed last week that it expects to lose around $240 million for the fiscal year ending March 31. Previously, Nintendo told investors that it anticipated a net profit of $530 million. Sluggish sales for the Wii U were the primary culprit for the hardware manufacturer’s gloomy performance. While Nintendo expected to sell 9 million Wii Us in 2013, it is now estimating it will only sell 2.9 million.

Despite its weak sales, Nintendo chief executive officer Satoru Iwata said he doesn’t plan to resign. He also doesn’t want his storied hardware company to start releasing games like Mario or Pokémon for other platforms. Industry analysts often claim the company could start generating revenues by releasing its popular franchises on booming mobile operating systems like iOS and Android.

 

Reblog this post [with Zemanta]
More information:

Nintendo of America is consistently amazed and humbled by the passion and loyalty of our fans. Our hope is that this Page can be a place where that excitement can live, thrive and be shared. And while we love your creativity and are he... read more »

Satoru Iwata is the current president of Nintendo. He became president in 2002. Satoru used to work at HAL as a programmer and helped create major games such as Kirby's Dream Land. In 1993, Satoru was promoted as the president of HAL L... read more »

Powered by VBProfiles


Mobile developer or publisher? VentureBeat is studying mobile marketing automation. Fill out our 5-minute survey, and we'll share the data with you.

GamesBeat is your source for gaming news and reviews. But it's also home to the best articles from gamers, developers, and other folks outside of the traditional press. Register or log in to join our community of writers. You can even make a few bucks publishing stories here! Learn more.

You are now an esteemed member of the GamesBeat community. That means you can comment on stories or post your own to GB Unfiltered (look for the "New Post" link by mousing over your name in the red bar up top). But first, why don't you fill out your via your ?

About GamesBeat