Nintendo slashes sales forecasts

Andre Yoskowitz
30 Jan 2013 23:41

Nintendo has slashed its sales forecasts for most of its devices, including the new Wii U system.
The gaming company says it expects to sell just 4 million Wii Us in the current fiscal year, down from their original estimate of 5.5 million. The fiscal year ends at the end of March, and the company stated it sold 3 million Wii Us as of January 1st.
On the software side, Nintendo downgraded sales for games to 16 million, down from 24 million expected.
Moving on to the next piece of hardware, Nintendo says it expects to sell 4 million Wii's, compared to previous estimates of 5 million. The Wii, launched in 2006, recently reached 100 million units sold, making it one of the most popular consoles of all-time.
Sales of the 3DS handheld will be 15 million, compared to 17.5 million estimated, and the DS series (DSi, etc) will come in light at 2.3 million compared to Nintendo's previous 2.5 million prediction.
The company now expects an operating loss of $220 million, compared to a predicted profit of $200 million.

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