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ioi said:

I'm happy with our software figures. You have to look to the long-term, sales will pick up as soon as Zelda, Mario Kart, Mario etc arrive, I'm sure the Street Fighter IV and Nintendogs shipments will sell out, just not as soon as they probably hoped.

The best thing to do is look back to the DS launch (and other launches) - you'll see that actually things nearly always start slowly and take a good 6-9 months to really ramp up. It is actually fairly normal for a machine to be outsold most weeks by it's predecessor in the early days (especially if the predecessor was so successful).

That said, 3DS sales have been disappointing to date but not as bad as some are making out - sales will soon pick up once the games arrive.

Indeed.

I remember here in NA right after the PSP launched, most proclaimed that Nintendo was in trouble; everyone from Dan Hsu at EGM, "The DS touch screen is genius, but that won't stop it from being second place to the PSP" to more mainstream opinion like Leo Laporte at TWIT, "Now that PSP is out, nobody's going to want a DS anymore".

It wasn't until well into 2005 that Nintendo introduced games like Brian Age and Nintendogs which really showed what the unique features of the system could provide.  Then came Mario Kart, then NSMB, and then when the Lite model surfaced and the price dropped $20, success was pretty much solidified.

The games will come and so will the sales.  And me personally; I really wish it were $199 instead of $249.  Nintendo would still be seeing about $100 profit on each unit sold and people would be a lot more inclined to pay that for a handheld.