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Nintendo Cuts Wii Sales Forecasts

Rob Crossley's picture

By Rob Crossley

January 29, 2009

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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.

German's picture

Time to release the more compact and "portable" Wii Lite! or at least release a new color for the Wii to get another gazillion dollars.

Dan_Chippendale's picture

about time... the cakes must get cold at some point.