Nintendo suffers $97 million loss despite Mario Kart success

Nintendo has suffered a $97 million quarterly loss, despite the rapid sales success of Mario Kart 8. 

In its first-quarter financial results released today, Nintendo reported a loss of 9.92 billion yen, equivalent to $97 million in US dollars. 3DS sales are down, hitting 820,000 units as compared with 1.4 million in the same period last year. The company is still aiming for 12 million units for the entire fiscal year.

In more positive news, Wii U sales shot up compared to the same period last year, from 160,000 to 510,000. Mario Kart 8 has done particularly well for the company, moving 2.82 million copies worldwide. Nintendo sold 4.39 million units of software, most of which was Mario Kart 8. 

In a supplemental information section, Nintendo lists its upcoming slate for the remainder of 2014. Smash Bros for 3DS and the Pokemon remakes are the heavy-hitters on 3DS, while Hyrule Warriors, Bayonetta, and Smash Bros for Wii U round out its console offerings. However, Smash Bros is still listed as a vague "Holiday 2014" on Wii U.