Nintendo Co Ltd. (NTDOY)Nintendo slashes Wii ForecastBloomberg - January 29, 2009
Submitted by apujanata (14935)
at 7:04PM PST on January 29, 2009
Nintendo cut its Wii sales forecast for the first time. It said the stronger yen will also erode earnings. Nintendo today cut its Wii sales forecast for this fiscal year by 1 million consoles to 26.5 million. Sales of the DS handheld player are projected at 31.5 million machines, 1 million more than earlier estimated, the company said.
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Reading Iwata's latest Q&A it appears the 1m decline in Wii predictions is down to the Japanese market though he said in retrospect, they could have made their original target had they shipped the 1m allocated to Japan overseas.
Which implies that they are not bolstering Western shipments as a result of slack demand in Japan. At least not yet.