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/
Related Articles
Comments
-CPPosted:
Australians It has already sold a lot of consoles, so I don't know if they will drastically improve on sales by the end of the fiscal year.
They really have not sold many consoles at all.....
AustraliansPosted:
It has already sold a lot of consoles, so I don't know if they will drastically improve on sales by the end of the fiscal year.
Latest Downloads
- 01. Jalopy SaveGame (Pumped up LaikaGT)(0)
- 02. Assassin's Creed 3 Save Game (Game completed 8%, until Chapter 4)(0)
- 03. Supermarket Simulator SaveGame (Quick start, 172 day, 65lvl)(0)
- 04. Caribbean Legend: SaveGame (before the start of the Dutch Gambit)(0)
- 05. Caribbean Legend: SaveGame (Passed the Secret Organization Gambit) [v1.0.0](0)
- 06. Jalopy: SaveGame (Pumped up LaikaGT)(0)
- 07. Assassin's Creed 3: Save Game (Game completed 8%, until Chapter 4)(3)
- 08. Supermarket Simulator: SaveGame (Quick start, 172 day, 65lvl)(0)
- 09. GoreBox: SaveGame (Ancient village of the Paleozoic era)(0)
- 10. Need for Speed: Most Wanted (2005) - SaveGame (0% career, 2 BMWs in the garage)(1)
- 11. [EU] CARX DRIFT RACING ONLINE - PROGRESS SAVE 6 SP DUO (CUSA15633)(10)
- 12. Fallout Shelter Modded Save PC(3)
- 13. Remember Me: SaveGame (The Game done 100%)(0)
- 14. The Long Drive: SaveGame (American pickup)(0)
- 15. Goemon's Great Adventure (US / NTSC) - Nintendo 64 Game Save(2)
Latest Tutorials
- 01. The Redress Of Mira 100% Walkthrough | Trophy & Achievement(550)
- 02. Russian Pinocchio Quick Trophy Guide(673)
- 03. Venatrix Quick Trophy & Achievement Guide(670)
- 04. Call of the Sea 100% Platinum Walkthrough(754)
- 05. Wire Lips 100% Platinum Walkthrough(764)
- 06. The Expanse 100% Platinum Walkthrough | Trophy & Achievement(717)
- 07. Doctor Who: The Edge of Reality - PS4 Platinum P/Thru(636)
- 08. Doctor Who:The Lonely Assassins - 100% Guide(565)
- 09. DAYMARE 1998 PS4 - Full game 100% TROPHY WALKTHROUGH(533)
- 10. Stray Platinum Walkthrough | Trophy & Achievement Guide(541)
- 11. Raji: An Ancient Epic | Complete Gameplay Walkthrough(706)
- 12. Corpse Killer: 25th Anniversary Edition - Longplay(723)
- 13. Song of Horror: Complete Edition Gameplay Walkthrough(458)
- 14. Remoteness 100% All Trophies Walkthrough(737)
- 15. Detective Inspector Mysterious Clues Platinum Walkthrough(604)
"Nintendo slashes forecasts, projects 2.8M Wii U shipments" :: Login/Create an Account :: 33 comments