TechHive: Nintendo revises earnings down on weak Wii U, 3DS sales

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Nintendo revises earnings down on weak Wii U, 3DS sales Jan 17th 2014, 14:21, by Tim Hornyak, IDG News Service Citing disappointing holiday sales of its Wii U and 3DS game devices, Nintendo cut its earnings forecast for its fiscal year ending in March to a net loss. The video-game giant warned on Friday of a net loss of ¥25 billion (US$240 million) for the year, instead of the ¥55 billion net profit it had forecast last April. The company posted a ¥7.1 billion net profit for its 2013 fiscal year. Nintendo blamed the let-down on weak sales of high-margin games during the year-end period, which it in turn attributed to slower-than-expected hardware sales. To read this article in full or to leave a comment, please click here Media files: wii-u-100026752-small.jpg

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