The lights are on
Due to a disappointing first quarter, Nintendo has lowered its forecast for the current fiscal year – including a drop in expected net profit from 110 billion yen ($1.4 billion) to 20 billion yen ($260 million).
Both Wii and Nintendo DS sales are down as compared to the same period last year by 49 and 54 percent, respectively. The 3DS, meanwhile, sold 710,000 units worldwide in the past three months (ending on June 30). In response, Nintendo has dropped the price of the 3DS from $249.99 to $169.99. Nintendo also reports that it sold 4.5 million units of software worldwide over the same period.
The company is still turning a profit, but you have to wonder if shareholders are angry given that the forecast is dropping that much. Or are they encouraged by the price cut and by having the Wii U on the horizon?
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If the Wii U fails to penetrate the audiences then I fear Nintendo will start going even more downhill, Call me someone living in the past but I truly miss the old Nintendo days..
Nintendo took the Wii's success for granted, and now they just think that anything they do is going to be just as good. They may still be turning a profit, but this looks bad. I say they brought it on themselves.
maybe create an online service such as xbl or psn so multiplayer becomes easier for everyone.
I Believe in Nintendo! they always have an Ace in the hole
OH, I will probably get it now actually. I thought the price was too expensive and their weren't enough good games for it. But Mario Kart and Super Mario 3DS are coming out later and that's good enough for me.
Well it would appear that nintendos rule of the console space is over.
*barely visible smirk* No comment.