Weak 3DS Sales Mean Even Lower Nintendo Profit Projections

Nintendo has adjusted its profit expectations and 3DS sales figures for this fiscal year, and not for the better.

The games company lowered its projected profit 50 percent for the 12-month period ending this March from ¥35 billion to ¥17 billion ($151 million USD). The Wall Street Journal reports this is due to weakening 3DS sales, as well as the strength of the Japanese yen.

While Nintendo is itself a Japanese company much of its holdings are in Euros and U.S. dollars. So when the Japanese currency grows, their offshore accounts shrink in comparison.

Previously, Nintendo projected 3DS sales to hit 7.7 million units. That's now down to 6.7 million, dragging predicted software sales with it to 47 million (down from 56 million). This is in spite of recent upticks in both Wii U and 3DS sales over their respective, previous quarters.

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