Nintendo

Nintendo Sells Three Million Wii U Systems, But Expects To Take A Hit

Nintendo sold just over three million Wii U systems worldwide from the system’s November launch through to the end of December, with over 1.3 million of them selling in America. Both Nintendo Land and New Super Mario Bros. U have sold over two million copies.

The sales don’t offset some bad news from Nintendo — bad news that was expected and seemed to spur the unusually positive, news-rich Nintendo Direct showcase of last week. Nintendo is dropping its financial forecast for the next three months. Where they once expected to make about 20 million yen, they now expect to lose about 37 million.

Why?

The earnings forecast has been modified to reflect a lower-than-expected sales outlook based on the sales performance in the year-end sales season and afterward. Also, exchange rate assumptions have been revised from 80 yen to 90 yen per U.S. dollar, and from 100 yen to 120 yen per euro, in consideration of the trend of the recent exchange rate situation.

Nintendo is blaming softer demand for older systems, including the original Wii.

Consolidated Results for the Nine Months Ended December 2011 and 2012 [Nintendo Investor Relations]