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50-60 million seems reasonable.

20-30 million is low balling it by a lot. There are still plenty of Nintendo fans who will snap up the system once the 3D Mario, Zelda, or next SSB are released.

The big reason behind the Wii U's slow start is that it's competing against less expensive consoles with a much, much smaller variety of new games (as is the case for any console that launches first). Sales will perk up once the PS4 and 720 come out (assuming neither one has a major attractive feature like the Wii's motion control). By then, it'll be a cheaper console (if Nintendo has any sense) with a larger amount of games than the PS4 or 720.

If Nintendo can weather the storm for the next eight or so months, I think they'll be fine.