Nintendo sells 400,000 Wii U consoles in first US week
(REUTERS) - Nintendo Co Ltd sold more than 400,000 Wii U video game consoles in the United States (US) in the first week of its release, the money-losing company that badly needs a hit to lift its fortunes, said on Monday.
Nintendo, which has gradually ceded ground to Microsoft Corp's industry-leading Xbox 360, introduced the Wii U with a touchscreen controller at a time when the video game industry is under threat from a growing smartphone and tablet gaming market.
"The Wii U is effectively sold out at retail... We are gratified by the consumer response," Mr Reggie Fils-Aime, president of Nintendo of America said in an interview about the Nov 18 release in North American stores.
The company revealed only US sales for the Wii U, successor to the Wii that was released in 2006. Wii has been a bonanza for Nintendo, with more than 97 million sold, although demand had tapered off in recent years.