Nintendo cuts yearly forecast, but still targets profit
Hopefully it'll do better NX year.
Nintendo has lowered its annual profit forecast down from 35 billion yen to 17 billion.
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The reason for the reduction? Nintendo has sold less 3DS hardware and software than expected.
The company has also been hit by a recent rise in the yen's value.
Wii U sales are on track with expectations, while Wii U software is actually selling better than expected.
Its hard to overstate how well Splatoon, a new franchise has performed in the past year. It has shifted 4m copies, meaning its attach rate is as high as a third of all Wii U owners - impressive stuff.
All in all, it looks like Nintendo will end the year with another slim profit.
How the company will perform in 2016 is the real test - with the launch of its first smartphone games, and the expected arrival of its new console NX.
3DS will also get a shot in the arm this year with the launch of Pokémon Sun and Moon - due to be unveiled this afternoon (but not confirmed yet, Tom).