This probably kills any chance of Nintendo hitting their Fiscal Year Wii U forecast. If it is at 940k in the US, North American sales are likely around 1050k. They had shipped 1320k for last quarter. So with 2 months to go there are still ~270k units left in the channel. With only 8 more weeks in the quarter it will at the very best reach 1200k if sales improve in March. That would still leave 120k units left in the channel, enough to last a couple months.
Japan probably won't sell through its initial shipment until March, so they are unlikely to see any more than maybe 200k.
Europe had only sold through about half the shipment to others in 2012. If the drops there are consistent with Japan and the US, it won't sell through that shipment for a long long time.
Even if we toss in another 200k for regional differences (i.e. even if they overshipped to Europe overall, an individual country might have better sell-through) then they would still be almost 500k short of their slashed forecast.
