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Showing results for tags 'Expects'.
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Nintendo is now ever closer to falling off that slippery slope they have landed on. Nintendo's recent Next-Gen console, the Wii U, was met with positive feedback at launch, but since it has dwindled due to a lack of exclusives and games. The company originally targeted the sales of the Wii U at 9 Million consoles, they have demolished this number down to a mere 2.8 Million by the end of march, a major loss on their part. The successful 3DS also took a hit, going down from 18 Million to 13 Million. Nintendo forcasted profits of 55 Billion yen originally, but they are now in a deep hole expecting a net loss of 25 Billion yen. It is sales in the US and European markets causing this, as they were significantly lower then Nintendo expected. "In particular, sales in the US and European markets in which we entered the year-end sales season with a hardware markdown were significantly lower than our original forecasts, with both hardware and software sales experiencing a huge gap from their targets," As said, the 3DS surprisingly did not perform to the best of it's abilities either, as it was seemingly met with critical success at first. Currently, we are not aware of the 3DS' earnings, but it likely fared better then Nintendo's Wii U. "Using the US market as an example, Nintendo 3DS became the top-selling platform in the last calendar year... however, the estimated annual sales of the Nintendo 3DS hardware remain significantly lower than our initial forecast at the beginning of the fiscal year." Source: IGN.com
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Nintendo is now ever closer to falling off that slippery slope they have landed on. Nintendo's recent Next-Gen console, the Wii U, was met with positive feedback at launch, but since it has dwindled due to a lack of exclusives and games. The company originally targeted the sales of the Wii U at 9 Million consoles, they have demolished this number down to a mere 2.8 Million by the end of march, a major loss on their part. The successful 3DS also took a hit, going down from 18 Million to 13 Million. Nintendo forcasted profits of 55 Billion yen originally, but they are now in a deep hole expecting a net loss of 25 Billion yen. It is sales in the US and European markets causing this, as they were significantly lower then Nintendo expected. "In particular, sales in the US and European markets in which we entered the year-end sales season with a hardware markdown were significantly lower than our original forecasts, with both hardware and software sales experiencing a huge gap from their targets," As said, the 3DS surprisingly did not perform to the best of it's abilities either, as it was seemingly met with critical success at first. Currently, we are not aware of the 3DS' earnings, but it likely fared better then Nintendo's Wii U. "Using the US market as an example, Nintendo 3DS became the top-selling platform in the last calendar year... however, the estimated annual sales of the Nintendo 3DS hardware remain significantly lower than our initial forecast at the beginning of the fiscal year." Source: IGN.com View full article
