Nintendo Misses Wii U and 3DS Sales Targets, Posts $229m Loss.
http://www.forbes.com/sites/insertco...sts-229m-loss/Nintendo has just posted their financial results for the last fiscal year, and many of their projections fell short of their own expectations. Nintendo revised many of their forecast numbers downward in January, but the final results fell below even those altered projections in most areas.
Worldwide sales ended up at $5.6 billion, down from a revised forecast of $5.79 billion, which was once projected to be $9 billion in April 2013.
There was an operating income shortfall of $455 million, more than the predicted $343 million, and a far cry from the original prediction of a $981 million positive result.
Net income was up a bit from projections, allowing Nintendo net less loss to be $229 million as opposed to the predicted $245.4 million. All of this means Nintendo’s total loss for the last three years is $1.18 billion. This fiscal year, Nintendo is predicting a positive gain of $392.7 million.
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