Nintendo had confirmed a flop with its new console Nintendo Wii U despite a worldwide high in game console sales. Nintendo has admitted that the low sales of the new console has caused huge problems for them financially.

Nintendo said they expect a loss of $240 million (25 million Japanese yen) in the year to the end of March, reversing an earlier 55 billion Japanese yen net profit forecast, while annual revenue would drop 36 percent. Their initially predicted sales number of 9 million units has now changed to 2.8 million units which is less than a third of expected. In conclusion of the loss Nintendo have announced that its CEO will be taking a 50 percent pay cut to make up for losses, however. They still remain firm, though shaken, in the wake of Wii U’s poor numbers but its no secret that Nintendo has seen better days , especially with the Nintendo 3DS.