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

#1DeodorantSprayPosted 1/16/2014 10:41:23 PM
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
#2ManInGorillaSutPosted 1/16/2014 10:42:20 PM
Dammit you beat me to it!
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#3SteamedRicePosted 1/16/2014 10:44:59 PM
That is a gigantic change. Something is changing at Nintendo for sure over this.
#4Who_Dat504Posted 1/16/2014 10:45:05 PM
But the board said it did great in December lol
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#5Maverick_ReznorPosted 1/16/2014 10:46:49 PM
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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#6ManInGorillaSutPosted 1/16/2014 10:48:14 PM
Its going to be fun watching the die hard Nintendo fans try to spin this...
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Give me Banana!
#7RahzarXPosted 1/16/2014 10:48:36 PM
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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#8Who_Dat504Posted 1/16/2014 10:51:00 PM
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!
#9xHOJUxPosted 1/16/2014 10:53:21 PM
That's like, close enough, right? What's a few million consoles between friends?
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#10ManInGorillaSutPosted 1/16/2014 10:55:01 PM
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!