It’s good news and bad news for Nintendo, as the company expects to make a profit for the financial year – just not quite as big a profit as expected.
The company has lowered its annual profit forecast from 50 billion yen to 33 billion yen, according to Eurogamer.
That’s a drop from £316 million to £208 million.
And why has Nintendo lowered its profit forecast? Well, the rise in the yen’s value hasn’t helped, but it’s mainly because of the 3DS.
The 3DS hasn’t sold as many units as the company hoped, and software sales are also down.
Wii U sales have lived up to expectations, but Wii U software sales are actually better than expected because of the success of games likeSplatoon.
Perhaps if Nintendo releases its next home console it will make more money next year.
The Nintendo NX is due to be officially announced later this year, presumably at E3 2016 in June.
Mind you, analyst DFC predicts that putting the NX out during the same year as the new VR headsets launch would be commercial suicide, so there is that to think about.
Either way, Nintendo fans will be treated to a new Legend of Zelda, not to mention a couple of brand new Pokemon games.
Nintendo cuts its yearly financial forecasts – and it’s all the 3DS’s fault
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