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Wii U  (Source: Engadget)
The company also revised 3DS sales expectations from 18 million to just 13.5 million units sold

While gamers have spent months comparing the new Xbox One and PlayStation 4 consoles before and after their November releases, Nintendo's Wii U remains forgotten, as if it doesn't even qualify to be apart of the console race. 

A new statement from Nintendo has made this point even clearer. The game company announced that its anticipated units sold from April 2013 to March 2014 will be changed from a previous 9 million to just 2.8 million. 

This represents a staggering 69 percent drop. Wii U software doesn't look any better, with sales expectations falling from a previously-reported 38 million to just 19 million. 

But at least Nintendo still has the 3DS handheld system to fall back on, right? Wrong. The company also had to revise those sales expectations, dropping from 18 million to just 13.5 million units sold. 

As for the original Wiis, Nintendo is cutting their sales expectations from a previous 2 million to 1.2 million. 

With so many sales revisions, Nintendo is also decreasing its financial forecast, which includes a loss of 25 billion yen ($240 million USD) -- down from a previously-reported 55 billion yen profit. 

Nintendo CEO Satoru Iwata said in an interview that Nintendo will have to make some major changes, possibly including an entirely new business structure. The company is looking to focus on mobile devices like smartphones, reportedly. 

Iwata attempted to explain his company's financial and sales shortcomings in a statement you can read here, but this is just a taste:

Giving a detailed explanation on our sales performance in and leading up to the year-end sales season by platform, Nintendo 3DS continued to show strong sales in the Japanese market. The unit sales for Nintendo 3DS in the previous calendar year amounted to approximately 4.9 million units, falling short of our aim of five million units by a small margin. However, as I explained before, given that every gaming device from the year 2000 onwards apart from Nintendo DS and Nintendo 3DS did not reach sales of four million units even in their peak years, we can say that the sales figure for Nintendo 3DS in the last calendar year was indeed very high. However, outside Japan, while its market share increased as we continued to release compelling titles throughout the year, Nintendo 3DS did not reach our sales targets in the overseas markets, and we were ultimately unable to achieve our goal of providing a massive sales boost to Nintendo 3DS in the year-end sales season. Using the U.S. market as an example, Nintendo 3DS became the top-selling platform in the last calendar year, according to NPD, an independent market research company, with its cumulative sales exceeding 11.5 million units; however, the estimated annual sales of the Nintendo 3DS hardware remain significantly lower than our initial forecast at the beginning of the fiscal year. In Europe, while the individual markets showed different results, France was the only market in which we experienced relatively strong sales, and we failed to attain our initial sales levels by a large margin in other countries.

Wii U sales, on the other hand, showed some progress in the year-end sales season as we released various compelling titles from the summer onwards, launched hardware bundles at affordable price points and also performed a markdown of the hardware in the U.S. and European markets; however, they fell short of our targeted recovery by a large margin. In particular, sales in the U.S. 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. In addition, we did not assume at the beginning of the fiscal year that we would perform a markdown for the Wii U hardware in the U.S. and European markets. This was also one of the reasons for lower sales and profit estimates.


Source: Nintendo



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RE: I give it to Nintendo...
By karimtemple on 1/18/2014 12:32:08 AM , Rating: 2
quote:
I still play plenty of games that are 10+ years old that are WAY better than the cr*p that comes out today and labeled "AAA"
I literally just got finished playing a 10-year-old game on a console that came out after the game did (X360). The Wii does this, too (and technically the Wii U). Three days ago I played a PS2 game on a PS2. So I'm not entirely sure what you're on about.
quote:
Buy quality hardware with quality software and drivers.
The question was "why buy a console." The answer is "so they don't have to buy components and make sure they're 'quality' and install the drivers."
quote:
Simplicity was your argument, not mine.
It's not an argument, it's an answer -- again, to the question "why buy a console." The answer is "simplicity."


RE: I give it to Nintendo...
By Reclaimer77 on 1/18/2014 8:44:30 AM , Rating: 2
quote:
I literally just got finished playing a 10-year-old game on a console that came out after the game did (X360). The Wii does this, too (and technically the Wii U). Three days ago I played a PS2 game on a PS2. So I'm not entirely sure what you're on about.


You don't have to worry about "backwards compatibility" with a PC.

Older console games are made irrelevant because you can't play them on the newest consoles.


RE: I give it to Nintendo...
By troysavary on 1/18/2014 10:36:14 AM , Rating: 3
But you can play older console games on the PC. Funny thing, isn't it?


RE: I give it to Nintendo...
By karimtemple on 1/18/2014 11:25:16 AM , Rating: 2

http://www.dailytech.com/Article.aspx?newsid=34157...
quote:
This is a red herring. If you want to add "old games" to the list of reasons to buy a PC instead of a console, go right ahead. The reasons to buy a console remain. The buyer can decide which is more important (hint: most people game on consoles).


RE: I give it to Nintendo...
By inighthawki on 1/18/2014 3:29:22 PM , Rating: 2
quote:
I literally just got finished playing a 10-year-old game on a console that came out after the game did (X360). The Wii does this, too (and technically the Wii U). Three days ago I played a PS2 game on a PS2. So I'm not entirely sure what you're on about.

Backwards compatibility on consoles is generally pretty limited. At best they can usually play games from one generation prior, but is not even the case for the newest consoles.
"Three days ago I played a PS2 game on a PS2" - so? What is the point of this comment? You needed to also buy a PS2. With a PC, you don't need to buy a separate PC to continue playing games that came out 15 years ago. The Xbox One does not play PS2 games. If you start arguing PC vs ALL consoles, then you need to sum up the cost of every console youre talking about. Buying every new console that comes out will cost you a lot.

quote:
The question was "why buy a console." The answer is "so they don't have to buy components and make sure they're 'quality' and install the drivers."

Congrats, that is a valid counter argument, but not at all what you originally said.

"They're more reliable" and "you don't have to worry about quality components and install drivers" are two TOTALLY different things.

quote:
It's not an argument, it's an answer -- again, to the question "why buy a console." The answer is "simplicity."

Again, this is only the case if that's what the user wants. I find, for the most parts, that consoles are too simple and too restrictive for my use as my primary gaming platform.


RE: I give it to Nintendo...
By karimtemple on 1/18/2014 3:41:23 PM , Rating: 1
quote:
Buying every new console that comes out will cost you a lot.
Unless you can find me a computer from 15 years ago that can play games from today, even last year, or the year before that, this argument is invalid.

quote:
Congrats, that is a valid counter argument, but not at all what you originally said.
quote:
4) It's a simpler experience.

quote:
this is only the case if that's what the user wants.
And most users want it, which is why more of them game on a console.


RE: I give it to Nintendo...
By inighthawki on 1/18/2014 3:52:13 PM , Rating: 2
quote:
Unless you can find me a computer from 15 years ago that can play games from today, even last year, or the year before that, this argument is invalid.

Of course not, but I can get you a computer today that can run all the games from the past 15 years (and more).


"Paying an extra $500 for a computer in this environment -- same piece of hardware -- paying $500 more to get a logo on it? I think that's a more challenging proposition for the average person than it used to be." -- Steve Ballmer

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