Nintendo's Wii U remains forgotten, as if it doesn't even qualify to be apart of the console race.
A new statement from Nintendo
has made this point even clearer. The game company announced that its anticipated units sold from April 2013 to March 2014 will be changed from a previous 9 million to just 2.8 million.
This represents a staggering 69 percent drop. Wii U software doesn't look any better, with sales expectations falling from a previously-reported 38 million to just 19 million.
But at least Nintendo still has the 3DS handheld system to fall back on, right? Wrong. The company also had to revise those sales expectations, dropping from 18 million to just 13.5 million units sold.
As for the original Wiis, Nintendo is cutting their sales expectations from a previous 2 million to 1.2 million.
With so many sales revisions, Nintendo is also decreasing its financial forecast, which includes a loss of 25 billion yen ($240 million USD) -- down from a previously-reported 55 billion yen profit.
Nintendo CEO Satoru Iwata said in an interview that Nintendo will have to make some major changes, possibly including an entirely new business structure. The company is looking to focus on mobile devices like smartphones, reportedly.
Iwata attempted to explain his company's financial and sales shortcomings in a statement you can read
This is a very interesting read. It seems that the Wii U and the 3DS outside of japan (which many denied) are causing some issues for Nintendo. Although I am not entirely sure the reports on focusing on phones are true, I will believe the restructuring as even Iwata mentions the restructuring.
They have not been able to recover the losses and they are planning to report another loss. With Iwata staying I hope at least he hires some people who are familiar with turning the business around, or maybe not gimping NoA and giving them a bit more power or something you know, something that works better than what this is.
I mean Iwata did say entirely new business structure.