Nintendo CEO’s Impassioned Yen Way Off As Wii U Sales Dip

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Posted 3 years ago

HR

Nintendo CEO's Impassioned Yen Way Off As Wii U Sales DipSatoru Iwata‘s impassioned yen for turning a profit of ¥100 billion for 2014, has seen a revision. Yesterday’s guestimate has given way to a new Nintendo horizon. It is a bleak one. Nintendo now foresees a net loss of ¥25 bilion ($240 million) and an operating loss of ¥35 billion ($336 million).

A drop of 69 percent, from an estimated 9 million to just 2.8 million is the dismal expectation concerning Wii U consoles to be sold this year.

Sales were already so dissipated, despite the expected holiday season sales pepper-upper, that in the first half of 2013 only 0.46 million Wii U systems were sold in the first 6 months of 2013, that CEO Iwata’s dreamy statistic seem like utter chicanery.

Rich Casale

HR

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