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Nintendo posts financial losses, poor 3DS sales blamed

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Nintendo has posted a financial loss for the first six months of 2012.

The gaming outfit has posted a loss of 27.9 billion yen (£219 million) for the first half of the financial year, blaming slow sales of the 3DS for the decline in earnings, reports VG247.

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Black Nintendo Wii U

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The firm has since lowered its annual earnings estimate from 20bn yen (£157m) to 6bn yen (£47m), which, despite the huge drop, is still an improvement on the 2011 financial year when the company posted annual losses for the first time.

The half-yearly report is also up on the same period last year, in which Nintendo was down 70bn yen (£551m) for the first half of 2011.

Nintendo will be hoping for strong Wii U sales when the console launches on November 18 in North America and November 30 in Europe.

The device will launch with a basic model and Premium bundle, the former of which includes a white Wii U console with 8GB of memory, a Wii U GamePad, an AC adapter and an HDMI cable.

The Premium set, meanwhile, will offer the system in black with 32GB of memory, a copy of Nintendo Land, Wii U sensor bar, a GamePad charging cradle, stands for the GamePad and console, and Nintendo Network Premium membership.

Nintendo recently launched its Wii U advertising campaign ahead of next month's launch.

> Wii U hands-on with Nintendo's line-up: Mario Bros U, Pikmin 3, more

Watch Digital Spy's Wii U hands-on video below:

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