Activision disappointed by Wii U launch

Activision was disappointed by the Wii U launch, according to CEO Bobby Kotick.

Nintendo's newest console went on sale last November, with Kotick describing sales as 'slower than expected'.

Kotick described the Wii U as a 'challenging environment' for Activision in the short term.

"As you know, we were somewhat disappointed with the launch of the Wii U, and I think it's a challenging environment this year," he said during a financial call.

Kotick also said the company expects to face some challenges when it comes to the next-gen consoles, such as finding an audience for Skylanders.

"One of the things we are concerned about is what the installed base of hardware will be like for six to eleven year olds," he added.

"But we have a lot of confidence in [Skylanders] for the long-term. I think we're delivering another great product this year."