Nintendo Blames Poor Sales on Rocky 3DS Launch, Strong Yen

Paul Lilly

Nintendo offered a couple of excuses as to why it posted significant losses for the April-December period when one year prior the numbers were looking pretty rosy. The house that Super Mario built got beat up during the nine months ended December 31, 2011, with sales totaling 556.2 billion yen, or $7.2 billion, down nearly a third from the same time period in 2010.

Market saturation may be a contributing factor, but not for all of Nintendo's consoles. The game maker sold less than 9 million Wii consoles between April and December, down a big chunk from the 13.7 million units it sold one year prior, and Nintendo DS sales dropped from 15 million in 2010 to a measly 4.6 million in 2011. And while sales of Nintendo's 3DS console rebounded after a price cut brought the device down from $249 to a more reasonable $169, Nintendo is now forecasting 14 million unit sales for the fiscal year through March 2012, down 2 million from a previous forecast.

Nintendo also adjusted its earning forecast, which is now at 660 billion yen, or $8.5 billion, down from a previous forecast of 790 billion yen, or just under $10.18 billion, partially because of a "much stronger yen against foreign currencies."

You can view Nintendo's consolidated financial highlights here (PDF) .

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