Nintendo slashes forecasts, projects 2.8M Wii U shipments
Nintendo's net sales projection dropped from ¥920 billion to ¥590 billion, which converts as $8.8 billion to $5.6 billion, respectively. Rather than posting a net profit of ¥55 billion ($530 million) for the fiscal year, the company is bracing itself for a net loss of ¥25 billion ($240 million).
Today's adjustments suggest Nintendo saw a welcome if not spectacular upturn in Wii U sales and shipments over the holidays. The company shipped 460,000 consoles across the first two quarters (March - September 2013), so a rise to 2.8 million by March 2014 represents a significant improvement. If that figure proves accurate, then by March 2014 the company will have shipped 6.2 million units total since the console's launch in November 2012. Also, Wii U software shipments for the fiscal year are expected to reach 19 million now, exactly half the original projection. That will take software sales totals since launch up to 32.4 million.
3DS projections for the fiscal year also took a hit, down from 18 million to 13.5 million. In today's announcement, Nintendo President Satoru Iwata noted strong sales in Japan, but a failure for the handheld to reach targets overseas, and particularly in Europe. The estimate for software shipments dropped from 80 million to 66 million.
We'll get a clearer sense of how Nintendo performed across the holiday period on January 29, when the company will release release its Q3 financial results. The company will then hold a Corporate Management Policy Briefing on January 30, when it will divulge "more information on our short-term as well as mid-term prospects."
Posted:
Related Forum: Gaming Discussion
Source: http://www.joystiq.com/2014/01/17/nintendo-revises-forecasts-projects-2-8m-wii-u-shipments-for-fi/
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Comments
MoBoPosted:
Doing well, considering they still have nearly 3 million sales at the same time the next gen consoles came out!
-SignedPosted:
MultitaskHonk1492 Good job they're working their way up!! lol
Yah it is not a bad console.
Well they are doing pretty good considering that Xbox one and Ps4 are the new thing and lots of people buy it instead of Wii.
They need to bring Pokemon to the WiiU. Like an actual RPG like Pokemon. None of that stadium BS. They would definitely make more money like that.
MultitaskPosted:
Honk1492 Good job they're working their way up!! lol
Yah it is not a bad console.
Well they are doing pretty good considering that Xbox one and Ps4 are the new thing and lots of people buy it instead of Wii.
TaigaAisakaPosted:
Latias Nintendo's main problem is marketing. From a uninformed parents viewpoint, the Wii U is no different than the Wii.
I have actually had a few people tell me this but I didn't know what they mean, mainly because I don't own one. The difference I have argued with them is that it has a touch pad, but they were going on about the Wii U in general.
-Excite-Posted:
Latias Nintendo's main problem is marketing. From a uninformed parents viewpoint, the Wii U is no different than the Wii.
Yeah I agree there marketing is appalling they should of said what is different between the two.
LatiasPosted:
Nintendo's main problem is marketing. From a uninformed parents viewpoint, the Wii U is no different than the Wii.
MaggardoPosted:
They are now shipping 2.8M Wii U's to stores. I don't think they are going to sale all of them. But, whatever floats their boat.
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