Nintendo revises its forecasts:
http://www.andriasang.com/e/blog/2010/09/29/nintendo_earnings_slash/
http://www.andriasang.com/e/blog/2010/09/30/nintendo_sales_expectations/
http://www.andriasang.com/e/blog/2010/09/29/nintendo_earnings_slash/
While the company previously expected operating income of 320,000 million yen on 1,400,000 million sales, it now expects 210,000 million yen operating income on 1,100,000 million yen sales.
In a statement today, the company listed four reasons for the cuts:
* The stronger-than-expected yen appreciation
* Current sales performance
* Sales outlook for the holiday season
* Decided release conditions for the Nintendo 3DS
http://www.andriasang.com/e/blog/2010/09/30/nintendo_sales_expectations/
Joining its downward sales and earnings revisions from earlier today, Nintendo shared updated hardware sales forecasts for all its systems. Included is a first indication of what Nintendo expects in terms of sales from the 3DS.
For the current fiscal term ending March 31, 2011, Nintendo expects to sell 4 million 3DS system. It anticipates software sales of 15 million for the system.