Nintendo cuts Financial Outlook amidst 3DS not launching for Christmas

Nintendo lowers their forecasts.

Sep 29 2010, 4:21am CDT | by Luigi Lugmayr

Nintendo cuts Financial Outlook amidst 3DS not launching for Christmas

Nintendo announced today that the Nintendo 3DS will be launching in Japan on February 26th 2011. Apparently Nintendo had planned that the 3DS would be still launch in 2010 as the company lowered their earnings expectations for the year. Nintendo says that the reasons for the adjusted earning numbers are stronger-than-expected yen appreciation, current sales performance, the sales outlook for the holiday season, and the decided release conditions for the Nintendo 3DS.

Nintendo lowered their net sales forecast for the fiscal year ending March 31st 2011 from 1.4 trillion Yen to 1.1 trillion Yen. The forecasted net income is even lower by over 50%. Instead of 200 billion Yen Nintendo thinks it will only make 90 billion Yen.

These lower forecast implies that Nintendo is not launching anything dramatically new to counter the Xbox 360 Kinect and the Sony Playstation Move market entry this fall. The only thing might be the rumored new Wiimote with integrated Motion Plus dubbed Wii Remote Plus.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.