News Summary: Nintendo posts loss, Wii sales weak

News Summary: Nintendo posts loss as Wii U sales suffer from tablet, smartphone competition

Associated Press

GAME FADING: Nintendo posted a loss in the latest quarter as sales of its Wii U game console continued to be eroded by a shift to gaming on smartphones and tablets.

THE NUMBERS: The maker of Pokemon and Super Mario reported an 8 billion yen ($81 million) loss for the three months ended Sept. 30. Sales dropped slightly to 115 billion yen.

WII SAD: Wii U sales remain far short of the company's goal of 9 million units for the fiscal year ending in March. Nintendo cut prices on the console last month, and the Wii U will face competition over the holiday shopping season from Sony's PlayStation 4 and Microsoft's Xbox One.

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