Nintendo lowers sales forecast, now expects loss instead of profit

by Daniel VuckovicJanuary 17, 2014

Nintendo has released its full year financial forecast modifications ahead of the end quarter report due at the end of February and with one quarter to go after this month things aren’t looking well.

Nintendo has said that it now believes that it will make a loss for the 2013-2014 financial year of 25 billion yen (271 million AUD), that’s 80 billion yen (869 million AUD) down from a predicted net income of 55 billion yen (543 million AUD). A terrible loss for the company and only its second loss in the last 30 years.

Nintendo has also downgraded its predicted sales figures for the Wii U and 3DS. In April 2013, Nintendo expected they would sell 9 million Wii U consoles, now they expect 2.8 million to be sold. The Nintendo 3DS although better than the Wii U is still expected to sell less with its forecast lowered from 18 million to 13.5 million.

Software sales too have been downgraded with Nintendo predicting 66 million units will be sold as up posed to 80 million. Wii U sales already low, will be lowered further down to 19 million down from 38 million.

While the Nintendo 3DS is profitable for Nintendo now the Wii U still poses the biggest problem. Nintendo is losing money on each unit sold and was hoping to earn back those losses in software. However, if no one is buying your console then no one is buying the high margin games for them.

All of the above figures are estimates from Nintendo before its quarterly report is handed down at the end of the month.

Nintendo’s quarterly report and investor meeting will be an interesting one at the end of the month, their back is against the wall.

Source: Nintendo IR

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Daniel Vuckovic
The Owner and Creator of this fair website. I also do news, reviews, programming, art and social media here. It is named after me after all. Please understand.
  • Arcloxs
    January 17, 2014 at 8:50 pm

    Nintendo are sitting on a goldmine called ‘The Virtual Console’ This thing should be PACKED FULL of NES, SNES and 64 games by now, such a dissapointment, Nintendo have nobody else but themselves to blame.

    • Tanukitrooper
      January 18, 2014 at 8:26 am

      Yesterday I went through and deleted the VC games off the Wii Channel that I had transfered to the Wii U eShop. I have all of Nintendo’s big hitters. And as for SNES and NES titles go, they are pretty much almost done. It’s basically just Super Punch Out, Super Mario Kart (will release near MK8?), Mario RPG and the Donkey Kong Country trilogy to go. And as far as DKC goes, I think they need to reorganize a contract with Rareware to get it back (since they had to be removed from the Wii eShop), the details seem pretty murky.

      So as far as first party NES + SNES titles, it is pretty packed full. They just need more third parties releasing VC games on it as Capcom seems to be the only one taking advantage of it.

      I also imagine this year they will focus on GBA and N64 releases.

    • Tanukitrooper
      January 18, 2014 at 8:48 am

      Full list of unreleased First Party titles on Wii U:
      Super Marios Bros. Lost Levels (Apparently releasing next week) (Hanabi title)
      Wario Woods
      Ice Hockey
      Donkey Kong Jr. Math
      Mach Rider
      Yoshi’s Cookie
      StarTropics (Hanabi title)
      Zoda’s Revenge: StarTopics 2 (Hanabi title)
      Devil World
      Smash Table Tennis (Hanabi title)

      Donkey Kong Country (Rare)
      Diddy’s Kong Quest (Rare)
      Dixie Kong’s Double Trouble (Rare)
      Kirby’s Ghost Trap
      Super Punch Out!!
      Super Mario Kart
      Super Mario RPG (Hanabi title)

      So as can be seen, besides the SNES titles it is mostly pooey games left from Nintendo themselves.

  • Nik
    January 21, 2014 at 5:09 pm

    If Nintedo doesnt release more game Hits like Zelda, Metroid, Mario, Luigy, Pikmin and many other games that used to be good it will lose sales. Nintedo 3Ds is the same as ds. They keep releasing the same consoles over and over and its the same thing happens with the games sometimes. The New zelda is the SAME with better graphics!!!?? … Like i am going to play it again…

    They need to change more things… Thats my opinion.

    Just an opinion though!

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