Nintendo Wii U Launch More Successful than Xbox 360, PlayStation 3

No one can explain share price fall
December 24th, 2012 at 10:59 am

Nintendo’s Wii U console has outperformed every other HD console launch sales since its debut 4 weeks ago.

The new console, which features a touchscreen controller, has obliterated the 4 week sales record of both Xbox 360 and PlayStation 3. In its first four weeks on sale, Nintendo have sold over 1.8 Million units.

Xbox 360 launched in November 2005 and sold 940,000 units in its first four weeks on sale. The less successful PlayStation 3 from Sony managed to ship only 540,000 units in the first four weeks on sale, following its November 2006 launch.

Nintendo’s previous console, Wii, managed to sell a very healthy 2.07 Million units in its first four weeks on sale, making Wii U almost as popular as the motion sensing phenomenon. The high demand for Wii U has taken its toll on stock levels, especially in North America, but the company are handling it much better than the Wii’s launch, which was out of stock for weeks and months on end.

In spite of Wii U’s staggering success, investors continue to abuse Nintendo for reasons only apparent to them. Compared to this time last year, Nintendo’s shares are 26.1% worse off despite having modest sales in 2011. Much of this is due to analysts who are constantly being negative about Nintendo, regardless of how many consoles and games they sell.

Nintendo’s future looks bright, though. The company recently outlined their plans for Wii U and Nintendo 3DS in the first few months of 2013, with over 25 new games slated to launch on Wii U by the end of March.

Ty is the founder, Editor-in-Chief and nice guy of The first console Ty owned as a kid was the Sega Master System II which he used to enjoy games like Alex Kidd, Sonic the Hedgehog and Mickey Mouse. Since the early days, Ty's hobby became an obsession and over the years he has amassed a huge collection of video games from all manufacturers. You can read Ty's weekly opinion column here, and follow him on Twitter.

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