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Nintendo (NTDOY.PK) slashes its profit outlook for FY13 to ¥6 billion ($75M) from a previous...

Nintendo (NTDOY.PK) slashes its profit outlook for FY13 to ¥6 billion ($75M) from a previous mark of ¥20B ($250M). While the strong yen is a major factor, concerns over the dour estimates means for sales of the new Wii U gaming console also linger. Related: GameStop (GME -1.6%) looks to the Wii U to drive revenue.
Comments (2)
  • Matt Dane
    , contributor
    Comments (12) | Send Message
     
    Highly doubt WiiU has anything to do with that. It's more about 3DS not selling enough in the west. Well, at least it's not selling like the PSVita, I still remember that insane Sony forecast...Nintendo forecasts look realistic.
    24 Oct 2012, 11:33 AM Reply Like
  • Elektro
    , contributor
    Comments (43) | Send Message
     
    Matt, definitely agree this about the yen and the 3DS. They can't know ahead of time how much a hit the Wii U will be by THAT big a margin. I think Nintendo is being very conservative now in hopes of a nice upwards surprise later when the Wii U sells gangbusters like the original Wii.
    24 Oct 2012, 04:19 PM Reply Like
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