Analysts expect Nintendo to cut year's profit forecast by 30%

[Avinash_Tyagi]

Ail said:

Avinash_Tyagi said:

Ail said:

Avinash_Tyagi said:
Price cut, stronger yen, expected

price cut should have been taken into account when they made their forecast...

When they made that forecast originally it was last spring, they probably never expected a price cut happening this year

That does not speak well of their ability to forecast customer behavior toward their product ( I mean seriously without the cut Nintendo wouldn't have sold over 18 millions units this year at the rythm they were going and they forecasted 26 millions..)

 

When Sony forecasted 13 millions units, everyone knew they were going to have to drop the price to reach that target and Sony knew it too...

At the time, Nintendo probably didn't expect Wii Music and Animal Crossing to perform as poorly as they did, Nintendo has spent much of the year paying for that messup, which is why the price cut became necessary in their eyes, because they felt they had lost too much momentum, they likely expected Wii Music and Animal crossing to carry Wii for much of the year like Mario Kart and Wii Fit and Wii play did last year.