Nintendo Q1 Earnings July 31st (Results Inside - Profit)

[Yakuzaice]

Seece said:

"Nintendo expects to sell 9 million Wii U consoles this fiscal year"

Joke and outright lie on Nintendo's part, they know full well they're not going to ship that and can't!!!

They have 8.84m to go with 3 Q's, this current Q isn't going to be huge, they're essentially expecting 7 mill shipped in the holiday season?? I mean combined PS360 only managed that ONCE in their lifetime ....

Come on Nintendo your investors deserve better.

Their forecasts have been a fantasy for years now.  Even when they update them after their third quarter report (which means only about two months they need to predict) they are still often wrong.

FY 2009
Forecast
DS: 30m
Wii: 26m

Actual
DS: 27m
Wii: 20.5m

FY 2010
Forecast
DS/3DS: 30m
Wii: 18m

Actual
DS/3DS: 21.1m
Wii: 15.1m

FY 2011
Forecast
DS: 11m
3DS: 16m
Wii: 13m

Actual
DS: 5.1m
3DS: 13.5m
Wii: 9.8m

FY 2012
Forecast
DS: 2.5m
3DS: 18.5m
Wii: 5m
Wii U: 5.5m

Actual
DS: 2.35m
3DS: 13.95m
Wii: 3.98m
Wii U: 3.45m

Over the course of four fiscal years they have forecasted about 40 million more units than they actually sold.  Averaging 29% too high on their forecasts.