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Nintendo Reports Losses And Lowers Projections
Despite having a successful 2011 holiday, Nintendo is still showing overall losses and is lowering sales projections for 2012.
Apparently, much of Nintendo's losses can be attributed the the poor exchange rate of the yen and the dollar. Nintendo is a Japanese company, but a large percentage of its sales come from overseas sales.
For the fiscal year ending in March 2012, Nintendo is projecting losses $837 million dollars, which is more than twice its original projections, which put the company at around $258 million in losses.
Where Nintendo originally projected 3DS sales to reach 16 million units for the same period, it has now scaled that back to 14 million units. Despite scaling back projections, Nintendo did say that the 3DS had a strong holiday and that, "With the regained momentum and a strong lineup of software on the way, prospects for the platform remain strong."
Even the system that people seem to refuse to stop buying are down. The Wii projections for the full 2012 year were at 12 million units, but Nintendo has dropped that down 10 million.
No projections on the Wii U just yet, but Nintendo did confirm that we will be seeing it this year.
[via Gamasutra]
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