Nintendo has released a report showing their performance during the first quarter of the fiscal year, and it seems the company did not do so well.
The period being reported ran from April 1st to June 30th, ending right before the release of Pokemon GO and the massive boom in the company’s stock. Overall, net sales were down significantly compared to the same time period in 2015, with a drop of $587.8 million, or 31.3 percent. Nintendo states that much of this loss is due to the appreciation of the Japanese yen, which the company says accounts for $332 million of the stated loss.
Wii U console sales have dropped down significantly, falling 53% compared to last year. This was expected due to the rumors of Nintendo’s upcoming console, the NX, as many buyers are waiting for the new console to release. 3DS sales were also slightly down, falling by 7%.
Software sales, however, are up for both the Wii U and 3Ds. Helping these sales were the successful launches for Bravely Second: End Layer in North America, Fire Emblem Fates in Europe, and Kirby: Planet Robobot worldwide. 3DS software sales had risen by 7%, selling 8.7 million games, while Wii U sales saw a 3% increase.
Nintendo’s next fiscal quarter will end on September 30th. New rumors are circulating about Nintendo’s upcoming NX system, including the fact that the system will have detachable controllers.