Nintendo posts Q1 operating losses as old Wii consoles outstrip Wii U sales

Nintendo saw no operating profits in the first quarter ending June as sales of its latest Wii U console collapsed to just 160,000 units.

Nintendo actually sold more original Wii consoles - 210,000 - and was really saved from an even worse set of results by solid sales of its 3DS and 3DS XL consoles.

Nintendo made a slight operating loss of just under ¥5 billion (£33 million). The company put the loss down to increased marketing and advertising costs for the 3DS overseas, and investment in Wii U software.

This operating loss is actually lower than the first quarter loss last year, which reached around £66 million. And, despite the loss, this time round the company still managed to post a net profit of over £58 million.

The 160,000 Wii U consoles sold in the first quarter will still be worrying for Nintendo though, as that figure stands at less than half the 390,000 units sold in the final three months of its last financial year, covering January to March - traditionally a slow sales period for console sales after Christmas.

And of course, Microsoft's new Xbox One and Sony's new PS4 are on the horizon.

For the 3DS and 3DS XL, a total of 1.4 million units were sold, which enabled the company to stay in the black.

Total group sales were stagnant, at around £365 million.