Nintendo Predicts Bigger Losses, Lagging Nintendo 3DS Sales

Pubblicato il da Nintendo 3DS Sales

iwata_wiiu_aussiebattery.com.jpgNintendo has revised its financial forecast for the 2011-2012 fiscal year, predicting a net loss of 65 billion yen ($837 million). In October, it had forecast a net loss of only 20 billion yen ($258 million).

 

“We had higher expectations for the year-end season, but failed to meet them,” Nintendo president Satoru Iwata told reporters in Osaka, Japan, according to a Reuters report.

 

Although Nintendo 3DS had a rocky start, Nintendo stuck to its original forecast of 16 million units during the fiscal year on the back of a drastic price cut and the back-to-back releases of killer app software Super Mario 3D Land and Mario Kart 7.

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While this did stimulate sales, it didn’t have the effect Nintendo expected and the company revised down its forecast to 14 million 3DS units this fiscal year.

 

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Nintendo also revised down its expectations for Nintendo DS and Wii hardware sales this year, from 6 million to 5.5 million and from 12 million to 10 million, respectively.

 

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