Nintendo Releases Lowered Financial & Sales Projections

Satoru Iwata, President of Nintendo Co., Ltd., poses after Nintendo's E3 presentation of their new Nintendo 3DS at the E3 Media & Business Summit in Los Angeles


Even though the 3DS has been thriving and the Wii U had its strongest month to date, things are looking dismal for Nintendo. In their latest financial report, which you can read here, Nintendo has confirmed that they are expecting to lose around 35 billion Yen, or $335 million. Nintendo has also downgraded all of their projections for hardware and software sales of the Wii U and 3DS. Many people have even called for Nintendo President Satoru Iwata to resign, but he has refused. What do you make of this news from Nintendo?