So we nearly have all the numbers for CYQ1 in and VGC has 3DS at around 44 million.
Nintendo shipped 42.74m end of 2013, and kept their forecast the same so expect to ship 1.85m this past Q, meaning 44.59m shipped.
However. This time last year Nintendo shipped 1.24m 3DS. So they're expecting to ship 610k more this year? Why?
Sales in Japan are down a whopping 566k, in the US for Jan and Feb sales are down 86k, that's without March which should be down another 50k~. Europe trends similar to US, so whilst we can't say for sure, it's not unlikely it's down yoy 100k+ like the US.
All in all this puts them in a range of being down 750k - 850k YOY.
Just like previous years I suspect Nintendo won't hit their forecast (and they knew this in Feb but didn't change the forecast for whatever reasons).
Will we see another VGC sold > shipped scenario here? Even if Nintendo are flat YoY with shipments (again despite being down 800k yoy with actual sales) that would put them at 43.98m~ so yes.