Reuters: Technology News: Nintendo to post unexpected loss as Wii successor falters

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Nintendo to post unexpected loss as Wii successor falters Jan 30th 2013, 08:17 Tweet Share this Email Print Related News Year-end Wii U sales steady, says Nintendo chief Mon, Jan 7 2013 The logo of Nintendo Co is pictured outside the company headquarters building in Kyoto, western Japan January 7, 2013. Credit: Reuters/Yuriko Nakao TOKYO | Wed Jan 30, 2013 2:15am EST TOKYO (Reuters) - Japan's Nintendo Co Ltd cut its sales target for its flagship Wii U, 3DS and DS devices as the company struggles to win users while gamers ditch console games to play on smartphones and tablets. Nintendo Co Ltd cut its Wii U sales forecast for the year to March to 4 million consoles from a previous forecast of 5.5 million. It also dropped its 3DS sales estimate to 15 million consoles compared with the 17.5 million it had earlier projected, and downgraded its DS sales expectations to 2.3 million from 2.5 million in October. The Kyoto-based firm, which grew from making playing cards in the late 19th century into the producer of the blockbuster Super Mario video game series, is pinning its hopes on the Wii U after posting its first operating loss last year. (Reporting by Mari Saito and Yoshiyuki Osada; Editing by Edmund Klamann) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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