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Soundwave said:

Even so, Mario Kart 7 on a healthy 3DS userbase is still on track to sell considerably less than Mario Kart DS and probably not even half of Mario Kart Wii. 

DS/Wii was just lightning in a bottle for Nintendo. Those days are gone, all their franchise IP will probably normalize quite a bit this generation.

I think Smash being on the 3DS also hurts the Wii U version, it will probably split apart the Smash userbase into some who are fine with the 3DS version. 

 

But Mario Kart 7 is already well passed what Mario Kart Super Circuit sold on a base of 81 million GBAs, despite the 3DS having less than half that base. It may not be as high as the DS era, but its way bigger than the pre-DS era. The growth of that era has not disappeared.

I suspect the sale will be true of Mario Kart 8.