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Nintendo Cuts Wii Sales Forecasts

Nintendo reports 45m Wii units shipped?, but previous projections downgraded.

Nintendo has reported total lifetime sales of? ?96? ?million DS consoles as well as? ?45? ?million Wii consoles,? ?two records which have driven the company’s sales rise up? ?16.7? ?percent for the nine-month period ending December? ?2008.

Yet the company expects sales to take a turn for the worst in the remaining fiscal year. Though it has revised forecasts of DS sales up, expecting additional growth of 3 percent, Nintendo expects software for the handheld to drop 7 percent below previous expectations. Wii hardware too has seen a revision in sales projections, with Nintendo trimming its expectation both software and hardware figures down by 3 percent.

Unit turnover saw the company enjoy? ?$17? ?billion in sales for the nine month period,? ?with operating profit also climbing some? ?27? ?percent to? ?$5.6? ?billion.?

Yet the firm,? ?citing the strong Yen which has stung export trade,? ?saw net profit drop sharply?; ?falling? ?18%? ?to? ?$2.4? ?billion.? ?Now the company expects its net income to shrink from previous projections,? ?down from? ?$3.8? ?billion? ?to? ?$2.55? ?billion?; ?down a third on original expectations and? ?falling? ?over? ?10? ?percent year-on-year.