Wii U Sales Data - Some Good News For Nintendo
In my last Nintendo (PINK:NTDOY) post I highlighted recent lowlights for the Japanese gaming giant. Nintendo shares hit a fresh 52 Week low yesterday in the U.S., just a month into the launch of their brand-new Wii U gaming console. It appears investors are convinced Nintendo's future looks bleak.
But recent sales data says otherwise. Let's take a look at the Wii U's sales figures to date, and to give them context, we'll compare them to the last console generation's launch figures.
Wii U sales compared to the last console generation's launch figures Microsoft's (NASDAQ:MSFT) XBox 360, Sony's (NYSE:SNE) Playstation 3, and Nintendo's Wii:
4 Weeks Wii U USA Sales, launch date Nov. 18:
- WiiU: 849,068
- Wii: 864,647
- PS3: 378,603
- X360: 477,303
So, the WiiU did 98% of the Wii, 224% of the PS3 and 178% of the X360. Looks excellent.
3 Weeks Wii U Europe Sales, launch date Nov. 30:
- WiiU: 340,310
- Wii: 618,450
- PS3: 691,843
- X360: 403,037
So the WiiU in Europe did 55% of the Wii, 49% PS3 and 84% X360. Bad here.
2 Weeks Wii U Japan Sales, launch date Dec 8th:
- Wii U: 437,390
- Wii: 460,235
- PS3: 130,335
- X360: 65,430
In japan we have 95% Wii, 335% PS3 and 668% X360.
4 Weeks Worldwide Comparison:
Keep in mind, the consoles didn't launch worldwide at the same time, so this is skewed. The comparison works against the Wii though, it was also launched in different regions in sequential weeks.
- WiiU: 1,817,166
- Wii: 2,071,242
- PS3: 524,687
- X360: 948,162
That's 88% Wii, 346% PS3, 192% X360. Pretty decent.
The takeaway is despite negative publicity, the Wii U launch is off to a good, if not great start. The Wii was a phenomenon. For the Wii U to do 88% of the Wii's numbers, despite costing $100 more, is nothing short of impressive.
I won't post Nintendo's 3DS console sales numbers here, but it is outpacing the sales numbers of the best selling console in history currently - the DS.
Now consider that Nintendo's two current machines both have revamped E-Shops, and they are now selling far more games digitally as downloads than they do physical discs at retail. Those digital sales don't get reported as analysts don't have access to them - there's no retailer middle-man.
Given this it's hard to see NTDOY shares as anything but severely undervalued. But the world at large is convinced the Video-Game industry is in decline, Nintendo is a "show-me" stock. Nintendo reports on January 21st, the above is a preview of what I think they'll show the world in a few weeks.
Nintendo looks to be a strong buy.