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Old 01-17-2014, 02:21 PM   #1
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The Wii U is officially a disaster: Nintendo slashes sales forecast by 70%

http://news.yahoo.com/wii-u-official...123512934.html


By Zach Epstein 6 hours ago





The Wii U is officially a disaster: Nintendo slashes sales forecast by 70%

There’s no longer any debating it: Nintendo’s Wii U is an absolute disaster.

People were shocked when we talked about what a tremendous failure the Wii U would be following its launch back in 2012, but it’s now a matter of public record.

While anyone who has tried the console will tell you that games on the system are just as fun and exciting as they have ever been, the Wii U lacks the flair and innovation that made the Wii such a success.

And now, this simple truth is coming back to bite Nintendo yet again — the company said on Friday that terrible Wii U sales will result in its third consecutive annual loss.

Nintendo also slashed its 2014 Wii U sales forecast 70 % from 9 million units to just 2.8 million, fewer than the Xbox One and PlayStation 4 sold in just over a month following their respective launches last year.

“We failed to reach our target for hardware sales during the year-end, when revenues are the highest,” said Nintendo’s president Satoru Iwata at a shareholder briefing, according to Reuters.

Nintendo recently dropped the price of the Wii U console by $50 in an effort to spur sales, and the release of the highly anticipated game Super Mario 3D World was expected to help bolster console sales as well.

Neither move had the desired impact, however, and the future of Nintendo’s latest console is up in the air as a result.

Nintendo Confirms Wii U Has Flopped, Slashes Sales Forecast By ~70%

http://techcrunch.com/2014/01/17/wii...usaolp00000591


Nintendo has confirmed what we knew already: its unhappy controller/console combo, the Wii U, is a flop. The company said hardware sales of the Wii U had failed to reach its target during the year-end, pushing it into a third consecutive annual loss, Reuters reports.


“We failed to reach our target for hardware sales during the year-end, when revenues are the highest,” said Nintendo’s president, Satoru Iwata, at a shareholder briefing on the sales figures.


With the Wii U failing to shift off shelves — and that despite a $50 price cut last September, to $299 — Nintendo has slashed its global sales forecast for the device for the year to March 31 by almost 70%. It said it’s expecting Wii U sales to number just 2.8 million units over that period. It also cut its sales forecast for its handheld 3DS console to 13.5 million units from 18 million.


Both Nintendo’s devices are facing fierce competition from non-specialist consumer hardware fuelled by thousands of often inexpensive games apps — aka the smartphones and tablets running on platforms such as Google’s Android OS and Apple’s iOS. Ownership of app-supporting mobile devices has exploded since the original Wii’s hey-day, of circa 2006, shifting the gaming goalposts from the living room to people’s pockets.


Meanwhile, the home console market has been increasingly dominated by Microsoft’s Xbox and Sony’s PlayStation — leaving Nintendo to be squeezed out by those more powerful home consoles at the higher end, attracting pro gamers with huge franchise titles such as Grand Theft Auto, and driven out at the lower end by the consumerization of portable gaming via mainstream mobile devices. Talk about a rock and a hard place.


The other point to note is that the Wii U itself just isn’t very good. It’s neither fish nor fowl, so to speak. As TC columnist MG Siegler put it back in September, it’s ”a poor concept accentuated by poor hardware”. He also described Nintendo as being “in the beginning of a death spiral”. Today’s sales forecasts pour more fuel on those flames.


Nintendo said it is now expecting an operating loss of 35 billion yen ($335.76 million) this business year vs its initial forecast of a 100 billion yen profit. It also warned of a net loss of 25 billion yen for the year ending on March 31 — having previously projected a 55 billion yen profit. And expects revenues of 590 billion yen, down 36% from its prior forecast.
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Old 01-17-2014, 02:39 PM   #2
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Oh look another Wii U is doomed article by Yahoo.

Dude you already pretty much posted the same article earlier today
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Old 01-17-2014, 02:48 PM   #3
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this is 2 articles in one ....
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Old 01-17-2014, 03:04 PM   #4
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I meant that you posted one earlier dealing with literally the same topic
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Old 01-17-2014, 04:47 PM   #5
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Megas has a point, Jfreak. We appreciate new threads but if the story is basically the same as a previous thread then could you post the update/new article in the already existing thread, thanks.
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