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Probably should be noted though, Nintendo has by now a fairly established history of projecting shipment forecasts which they fail to reach.

I think virtually every year of both 3DS and Wii U, they ended up selling less than what they forecast, in many cases their projections are hilarious to look back at now -- ie: Wii U was supposed to sell 10 million in it's first full fiscal year. 3DS was far off some of Nintendo's ambitious targets as well.