Nintendo (NTDOY.PK) chops its sales outlook for the Wii U gaming console to 4M units by the end...

|About: Nintendo Co., Ltd. ADR (NTDOY)|By:, SA News Editor

Nintendo (NTDOY.PK) chops its sales outlook for the Wii U gaming console to 4M units by the end of March after holiday sales came in disappointing. It's a crushing blow for the company after expectations were running high that it could sell as many as 5.5M units during the period. Analysts think price cuts and accelerated game introductions could be on tap from Nintendo in an effort to stoke demand. The development could have a negative read-through for GameStop (GME).