Nintendo downgrades profit and sales forecasts

While we were all distracted with the hype of the Pokemon Direct, Nintendo went and dropped some financial news downgrading its sales expectations. They’re only for the rest of the financial year which is the end of March however.

Nintendo now expects revenue to drop 12.3% for the entire financial year, operating profits will also be down as is the upcoming net profit.

Nintendo says this is due to the Japanese yen appreciating in value compared to foreign currencies and it also expect 3DS sales to be weaker – surprisingly the Wii U forecast remains the same which Nintendo says is due to Splatoon and Super Mario Maker. The yen however is still the main reason.

3DS

• Estimated hardware sales for financial year (2015 / 2016) – 6.6 million (previously 7.6 million)
• Estimated software sales for financial year (2015 / 2016) – 47 million (previously 56 million)

Wii U

• Estimated hardware sales for financial year (2015 / 2016) – 3.4 million (no change)
• Estimated software sales for financial year (2015 / 2016) – 27 million (previously 23 million)

Source: Nintendo