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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: They need to copy Sega.
By inperfectdarkness on 1/18/2014 7:55:06 AM , Rating: 2
How about no? How about the only company with a bevy of GOOD 1st party games stays entitled to pushing their own hardware, and all of the me-too competitors who can't decide if they want to be more like Nintendo or a PC--can go stick it where the sun don't shine.

I'm so fricking tired of all the BS complaints about the Wii or WiiU being "underpowered". Did we learn nothing from the last generation? POWAAA!!!!! isn't required for creating truly immersive, innovative and highly replayable games. Are your collective attention spans so short that they COMPLETELY forget games like Super Mario Galaxy and Mario Kart Wii?

If that's who you are, then you don't DESERVE Nintendo's wonderful games. I would rather see Nintendo go down in flames, holding onto its own hardware, than sell out the likes of a wannabee company that has nothing compelling to offer in its own right.

Sony has been so busy focusing on playstation that it's let most of its other markets practically fall off the face of the earth *cough TV's, etc.*. Microsoft has been so busy focusing on Xbox that it's completely screwed the pooch on windows 8--among other things. Sorry, but I'd much rather have a good OS for my computer than have a tepid, potentially DRM laden, underpowered PC clone that plays the same x86 games as my $2000 laptop, but with barely half the grapic capability.

As to those who scoff at multitasking? I guess you've never juggled between a game window an a GameFAQ. What a sad life you must lead.

RE: They need to copy Sega.
By troysavary on 1/18/2014 10:49:01 AM , Rating: 2
As to those who scoff at multitasking? I guess you've never juggled between a game window an a GameFAQ. What a sad life you must lead.

I don't. I tend to want to use my own mind to find the solution, rather than reading a walkthrough.

RE: They need to copy Sega.
By inperfectdarkness on 1/18/2014 12:54:11 PM , Rating: 2
How wonderful for you. Tell me again how you've never played an RPG in your entire life.

RE: They need to copy Sega.
By karimtemple on 1/18/2014 1:19:20 PM , Rating: 2
lmao, Please stop. I'm not sure you realize what this looks like. Readers are likely to infer that you can't beat RPGs without help.

I've always had the same sentiment as troysavary, in this.

RE: They need to copy Sega.
By troysavary on 1/18/2014 5:43:11 PM , Rating: 2
Been playing CRPGs since about 1982 or so. Not sure how you jump from "I don't like walkthroughs" to "I don't play RPGs". We didn't have an internet to look up walkthroughs back then. We had dial up BBS services, but posting game spoilers was frowned upon.

RE: They need to copy Sega.
By inighthawki on 1/18/2014 3:33:05 PM , Rating: 2
Wow, way to push your own personal opinion as fact. So some people dislike the Wii/WiiU but enjoy Nintendo's quality first party titles. God forbid they make a wishful statement about what they'd like to see.

Seriously... wow

By inperfectdarkness on 1/19/2014 2:27:33 AM , Rating: 2
God forbid those who like Nintendo's games actually buy the fricking system they were designed for. If you dislike the system, don't play the games. If you like the games, then you buy the system.

I would much rather MS and Sony go back to being software companies. Hardware innovation would not suffer at all.

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