Nintendo stock nosedives on poor Wii U sales

Dohc-WP

Dohc-WP

Ron Burgundy
2420445-nintendo.jpg


Not a pretty looking Graph :eek:​

Nintendo can't catch a break. After announcing dismal Wii U sales and diminished financial projections today, shares of the Tokyo game giant have plunged more than 15 percent. The company is currently trading down more than 17 percent to $14.90.

It may not only be the downwardly revised sales projections for the Wii U and 3DS that has investors spooked. President Satoru Iwata said today said the company is considering orienting itself around a "new business structure" that could involve a greater emphasis on smartphones.

Nintendo today slashed its Wii U sales forecast for the period ending March 31, 2014 to 2.8 million consoles, down from 9 million, representing a decrease of almost 70 percent. 3DS sales projections for the same period fell from 18 million to 13.5 million.

Finally, Nintendo said it now expects to post a loss of ¥25 billion ($240 million) for the year, compared to a previous forecast for a profit of ¥55 billion ($527 million). If Nintendo does end up in the red, it will mark the company's third straight annual loss.

Despite the poor performance, Iwata will not resign as Nintendo's top executive.

Source: Gamespot
 
I don't think the graph is correct.
It seems to me that they should have made a profit between 2012-2014 block (2013) according to the grapgh
 
I'm not really surprised by the bad sales figures or by the resulting drop in share-price. Examining just my own limited experience, I know a number of people who own Wii's and I myself have even considered getting one for the kids.
However, when we get to the Wii U I don't know of anybody that have even considered getting one. Some people I know that owns a Wii doesn't even know there exists something like a Wii U.
 
Nintendo screwed the pooch with the wii u, to release a console that gets worse ports than current gen machines which are 6 years older is just an epic fail. Its such a pity to because they make some of the best games, gameplay wise IMHO
 
Mario and Zelda are the only reasons Nintendo is still going... They really need to shape up, because their games have been so awesome in the past! First 3D Mario i played was on the Nintendo 64, and it was awesome!
 
Tom said:
Mario and Zelda are the only reasons Nintendo is still going... They really need to shape up, because their games have been so awesome in the past! First 3D Mario i played was on the Nintendo 64, and it was awesome!
Click to expand...
I still want to play Xenoblade chronicles but dont have a wii anymore.
 
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