Trending News|February 26, 2014 03:50 EST
Wii U Sales Surpass Xbox 360 in Japan; Nintendo has a Long Way to Go to Catch PlayStation 3
Nintendo's Wii U reached a milestone in Japan today as the console surpassed sales of the Xbox 360.
According to Eurogamer the almost 10 year old 360 has lifetime sales of 1,641,528, and now the Wii U hit 1,643,000 plus. The console sells between eight and nine thousand a week while the 360 moves a couple hundred a week at this point.
It is important to note that the American made Microsoft consoles have not fared well in Japan compared to their Japanese counterparts. Perhaps a more notable sales total to compare would be against Sony's PS3, which has sold 9.8 million along with another 2.5 for the PS Vita handheld. The Wii U has quite a bit to go to play catch up.
The PS4 launched this past weekend and already has over 300,000 units sold.
Nintendo's struggles have been well documented, and president Satoru Iwata announced he along with many of his staff members would be taking a pay cut. Nikkei reported that Iwata along with a number of other Nintendo execs have collectively decided to cut their pay until the company is back and kicking. The other directors will get a 20 to 30 percent pay cut, and this will be effective from February to June. From there, the company will play it by ear.
Nintendo is projecting a loss of $335 million for their fiscal year end on March 31, which would make it their second annual operating loss in April.
For 2014 Nintendo has projected a loss of $239 million with a profit of $5.65 billion. According to Nintendo's financial report, the big losses are mostly attributed for lower than expected holiday sales which normally make up a large margin of sales.
Nintendo is forecasting in 2014 they will sell 13.5 million 3DS handhelds, and 2.8 million Wii U's. Initially the prediction was for 18 million handhelds and 9 million home consoles.