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Nintendo Loses $132m In Second Quarter, 3DS Sales Up To 1.8m

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Nintendo has announced it lost money in the second quarter of 2012 as sales of its Wii home console continued to collapse.

The games company lost about $132m (10.3bn Yen) in the quarter ending 30 June.

Its performance improved over the second quarter of 2011, when it lost a massive 37.7bn Yen.

Nintendo said it had reduced administative and general expenses following the announcement of its first-ever annual operating loss at the end of 2011.

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The company was buoyed by the news that sales of its 3DS handheld had risen from 710,000 in the second quarter of 2011 to 1.86m in 2012 - up 162% - while 3DS software sales rose 63%.

In total 19m 3DS consoles have been sold.

It added that the profitability of the 3DS has improved. It said Wii sales fell to 540,000, but that was widely expected given the consoles age and the imminent launch of the new Wii U console at the end of the year.