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Mario 3D sales shouldn't be cause for half as much worry as the fact that the Wii U has such a large percentage of its sales in NA, with Black Friday being past, we're going to see a pretty sizeable drop, perhaps with Europe providing 48-55k, Japan at 35-40k-ish and NA with 65-80k and a global total around 150-180, could go over but it would be a fairly typical December rise in percentages. November NPD will not be a pleasant read.
Then again, there are those stating it will go into and stay at the 350k + mark starting December 1st.

Mario 3D isn't a flop, it's just not frontloaded like 2D Mario (to a greater extent, 2D Mario also has great legs). However, it's hard to see how Mario Kart and Smash will drive sales enormously, even teamed with the rest of the gang if price cuts (that saw global weekly numbers dropping back to normal within a few weeks and Japan numbers went down at the beginning of November) 3D Mario, massive bundling and a super sized advertising campaign could only manage a 274k top week, this might have been the best week we'll see this season, or at least very close.

Mario is fine, Europe and Japan numbers are not, people are saying that "it's all good, it has Japan all to itself" but that's a strange way of seeing things. If numbers are this low now, they are bound to become even worse with actual competition. Being this heavily dependant on the American market is not a good thing, especially with Sony and MS making such a large push to capture that market, and the Xbox brand is particularly strong there (right alongside the 7th gen market leader in that region now).