Reuters logo
Nintendo warns of full-year loss on weak Wii U, 3DS sales
January 17, 2014 / 6:37 AM / 4 years ago

Nintendo warns of full-year loss on weak Wii U, 3DS sales

TOKYO, Jan 17 (Reuters) - Nintendo Co said it expects an operating loss of 35 billion yen ($336 million) for the year to end-March, reversing its previous forecast of a 100 billion yen profit, citing much weaker-than-expected sales of its Wii U and 3DS game machines.

Nintendo on Friday also warned of a net loss of 25 billion yen for the year ending on March 31, a substantial reversal from its prior projection of a 55 billion yen profit.

Nintendo President Satoshi Iwata will hold a news conference at 4:30 p.m. (0730 GMT) in Osaka regarding the estimated losses.

The company slashed its global Wii U sales forecast for 2013/14 to 2.8 million units from 9 million, and its 3DS sales forecast to 13.5 mln units from 18 mln units.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below