Nintendo Cuts Forecasts for Wii U Console

By Tabuchi, Hiroko | International Herald Tribune, January 31, 2013 | Go to article overview

Nintendo Cuts Forecasts for Wii U Console


Tabuchi, Hiroko, International Herald Tribune


The company's latest console has not been as popular as executives hoped, but the company made a small profit in the first nine months of its financial year.

Nintendo said Wednesday that it expected to sell far fewer units of its Wii U game console than it had anticipated, reducing the sales outlook for its flagship device just two months after its release.

Nintendo has a lot riding on the Wii U, the successor to the Wii, which revolutionized the gaming industry six years ago with a casual approach that brought video games to new audiences. The company is banking on the Wii U to revive its fortunes after the disappointing introduction in 2011 of its hand-held gaming machine, the 3DS, which prompted the company to sharply reduce its price to stoke demand.

Nintendo executives had also said the Wii U would prove that dedicated game systems still had a future in a world now teeming with less expensive, more convenient mobile games played on smartphones and tablets.

The latest numbers from Nintendo are not promising. …

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