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.
FOLLOW ME ON TWITTER. YOU KNOW YOU WANT TO.
comments powered by Disqus
Guild Wars 2: Heart of Thorns
Guild Wars 2 Heart of Thorns trailer. (3:10)
Homeworld Remastered Collection
Release date teaser trailer. (1:30)
Sierra Nevada track trailer. (1:16)
New Survivor Squad 60sec trailer. (1:21)
Call of Duty: Advanced Warfare
Havoc trailer Randall Higgins Kill Cameraman video. (3:50)