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| Version 1 | Version 2 |
|---|---|
| Nintendo cuts profit outlook ahead of Wii U launch | Nintendo cuts profit outlook ahead of Wii U launch |
| (8 days later) | |
| Nintendo has cut its annual profit outlook by almost half as a strong yen and falling console sales weigh on earnings while it readies the launch of the successor to the Wii , which it hopes will boost earnings. | Nintendo has cut its annual profit outlook by almost half as a strong yen and falling console sales weigh on earnings while it readies the launch of the successor to the Wii , which it hopes will boost earnings. |
| For the year to 31 March, the creator of Super Mario lowered its operating profit forecast to ¥20bn (£157m) from a ¥35bn forecast in July. That compares with a consensus estimate by 21 analysts surveyed by Thomson Reuters of a ¥27bn profit. | For the year to 31 March, the creator of Super Mario lowered its operating profit forecast to ¥20bn (£157m) from a ¥35bn forecast in July. That compares with a consensus estimate by 21 analysts surveyed by Thomson Reuters of a ¥27bn profit. |
| Its operating loss for the three months to 30 September edged down to ¥18.8bn from a loss of ¥19.6bn a year ago, and compared with an average loss forecast of ¥16bn from four analysts. | Its operating loss for the three months to 30 September edged down to ¥18.8bn from a loss of ¥19.6bn a year ago, and compared with an average loss forecast of ¥16bn from four analysts. |
| Nintendo's Wii U, the successor to its 100m-selling Wii machine, is set to go on sale in the US on 18 November. The first hardware offering from Nintendo in six years boasts a tablet-like touch-screen controller and a social network, and lets users record TV shows through TiVo and other digital recording services. | Nintendo's Wii U, the successor to its 100m-selling Wii machine, is set to go on sale in the US on 18 November. The first hardware offering from Nintendo in six years boasts a tablet-like touch-screen controller and a social network, and lets users record TV shows through TiVo and other digital recording services. |
| YHowever, growing competition from tablet PCs and smartphones that are increasingly eating into the £50bn gaming market mean the Japanese company, which began making playing cards more than a century ago, may struggle to repeat the success it had with the Wii. | YHowever, growing competition from tablet PCs and smartphones that are increasingly eating into the £50bn gaming market mean the Japanese company, which began making playing cards more than a century ago, may struggle to repeat the success it had with the Wii. |
| Its success or failure will also provide a clue to rivals Sony and Microsoft as to whether advanced games machines can hold back the challenge from mobile devices. | Its success or failure will also provide a clue to rivals Sony and Microsoft as to whether advanced games machines can hold back the challenge from mobile devices. |
| Nintendo said on Wednesday it expected to sell 5.5m Wii Us by 31 March, the first time it has released a sales target for the device. | Nintendo said on Wednesday it expected to sell 5.5m Wii Us by 31 March, the first time it has released a sales target for the device. |
| The company lowered its full-year forecast for sales of its handheld 3DS by a million, to 17.5m. Weak demand for the new 3DS, launched in February last year, forced Nintendo to slash the price of the gadget by about one-third a year ago. | The company lowered its full-year forecast for sales of its handheld 3DS by a million, to 17.5m. Weak demand for the new 3DS, launched in February last year, forced Nintendo to slash the price of the gadget by about one-third a year ago. |
| The company stuck with its forecast to sell 2.5m DS handhelds for the 12 months. | The company stuck with its forecast to sell 2.5m DS handhelds for the 12 months. |
| Nintendo also revised its forecast for the euro-yen currency rate to ¥100 from ¥105 for the business year. It kept its forecast for a dollar-yen rate of ¥80. | Nintendo also revised its forecast for the euro-yen currency rate to ¥100 from ¥105 for the business year. It kept its forecast for a dollar-yen rate of ¥80. |
| Since the start of the business year, Nintendo's shares have fallen 17%, compared with an 11% drop in Japan's benchmark Nikkei average. Its shares fell 1.7% to ¥10,290 on Wednesday before the company released its results for the quarter. The Nikkei fell 0.7%. | Since the start of the business year, Nintendo's shares have fallen 17%, compared with an 11% drop in Japan's benchmark Nikkei average. Its shares fell 1.7% to ¥10,290 on Wednesday before the company released its results for the quarter. The Nikkei fell 0.7%. |