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FEATURED VOXPOP oblivion437     In all the talk of graphical downgrades no one seems much preoccupied with 'why?'.  Why build something and then proceed to tear it down, piece by piece, in the hope that ever more diminished expectations about the final product won't be severe enough to...

GAMING NEWS

Analysts Expecting Nintendo Will Fail To Meet Profit Forecasts

Posted on Tuesday, December 3 @ 07:15:55 Eastern by Alex_Osborn


Despite the fact that Wii U has failed to gain any real traction among consumers, Nintendo president Satoru Iwata remains optimistic about the company reaching its year-end financial goals. However, a number of analysts don't share his same positive outlook, remaining unconvinced that Wii U will sell the numbers Nintendo is hoping.

"Wii U has become a game console only for Nintendo fans," SMBC Nikko Securities analyst Eiji Maeda explained. "Wii U needs groundbreaking software to draw casual and hardcore gamers." 

The company's full-year operating profit forecast is 100 billion yen ($974 million) with a total number of projected Wii U sales pegged at 9 million. That said, the average estimate among analysts is 57 billion yen in profit and 6.2 million units in Wii U sales.

"They steadfastly refuse to consider that the product is not interesting to consumers," Wedbush Securities analyst Michael Pachter said. "They will fail to hit 9 million, and they will likely miss their profit goals."

Do you think Nintendo is being a bit too optimistic about Wii U sales? Can the likes of a new Super Smash Bros. and Mario Kart really turn things around for the struggling console? Comment below and let us know.

[Bloomberg]

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Tags:   Nintendo, Wii U, 3DS
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