Nintendo Cuts Future Forecasts, 3 Million Wii U Sales, Annual Revenue Forecast By 17 Percent

Posted on Jan 30 2013 - 3:11pm by Editorial Staff

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Nintendo has released its third quarter earnings results with posting an operating loss of 5.8 billion yen ($64.4 million) for the nine months ended December 2012 while the operating loss for the quarter was 20 billion yen ($220 million) and net income of just 109 yen ($1.20) per share for its fiscal year.

The results also forced out on the company to cut its sales expectations for the Wii U, 3DS and DS with company now predicting that it have moved to 4 million, a drop of over 27 percent. The company announced 3.06 million units sales for the new console since from the time it makes it debuts while the 3DS had its sales expectations cut to 15 million and DS down to 2.3 million units.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.