Nintendo Co Ltd. (NTDOY)Nintendo slashes Wii Forecast
Bloomberg - January 29, 2009
Submitted by apujanata (14930)
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.