Nintendo lowers Wii U sales forcast from 9M to 2,8M and more #itbegins

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  3. Nintendo lowers Wii U sales forcast from 9M to 2,8M and more #itbegins
2 years ago#1
https://pbs.twimg.com/media/BeKWU6GCEAAxzGR.png:large

Press release:

In the year-end sales season which constitutes the highest proportion of the annual sales volume, software sales
with a relatively high margin were significantly lower than our original forecasts mainly due to the fact that
hardware sales did not reach their expected level. As a result, the total of selling, general and administrative
expenses will surpass gross profit, which leads to an operating loss.
The reason why we will post ordinary income despite the operating loss situation is that we now assume that
the yen will be weaker than our original assumptions at the beginning of the fiscal year, which results in foreign
exchange gains.
On the other hand, we expect to post a net loss because we need to reverse deferred tax assets in relation to the
losses carried over from the previous fiscal years mainly in the United States, as we can no longer expect our
financial performance to recover in the current fiscal year.
Exchange rate assumptions for the fourth financial quarter as well as for the end of the full fiscal year have
been revised from 90 yen to 100 yen per U.S. dollar, and from 120 yen to 140 yen per euro in consideration of
the recent exchange rate situation
2 years ago#2
Dammit you beat me to it!
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Give me Banana!
2 years ago#3
That is a gigantic change. Something is changing at Nintendo for sure over this.
2 years ago#4
But the board said it did great in December lol
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Saints, LSU, and Pelicans fan!
2 years ago#5
Who_Dat504 posted...
But the board said it did great in December lol


It did, but you are a saints fan so you just like to watch the world burn.
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Currently Playing : YS: Memories of Celceta, Megaman X2, and MH3U
Looking Forward To: Destiny, DKC:TF, MK8, I:SS, and The Order 1886
2 years ago#6
Its going to be fun watching the die hard Nintendo fans try to spin this...
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Give me Banana!
2 years ago#7
Proper link - http://www.bloomberg.com/news/2014-01-17/nintendo-forecasts-net-loss-on-stagnating-sales-of-wii-u-games.html

Learn to post OP.
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whythefat "DDR, I notice your karma is 567. That 5+6+7= 18. 18 plus your IQ is 19. There were 19 hijackers on 911. You are a terrorist."
2 years ago#8
ManInGorillaSut posted...
Its going to be fun watching the die hard Nintendo fans try to spin this...


See the post above you lol
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Saints, LSU, and Pelicans fan!
2 years ago#9
That's like, close enough, right? What's a few million consoles between friends?
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http://itunes.apple.com/us/podcast/spinning-pile-driver/id481542152
2 years ago#10
A Mod at NeoGAF put it best:

"Their three pillars are down to a short pillar and a stump."
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Give me Banana!
  1. Boards
  2. Wii U
  3. Nintendo lowers Wii U sales forcast from 9M to 2,8M and more #itbegins

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