Nintendo has cut its hardware sales forecast after a less than stellar performance in the fourth quarter. Projections for the Wii U have been revised down to 4 million by the end of the fiscal year that ends on March 31 - from 5.5 million. Nintendo also says that it now expects to sell 15 million units during this fiscal year - down from 17.5. The Nintendo DS will sell 2.3 million units during this fiscal year, down from a previous forecast of 2.5 million.
On the plus side, Nintendo has raised its projections on profits for the full fiscal year. Originally it predicted profits of 6 billion yen ($75.2 million); now it expects to bring in profits of 14 billion yen ($153.8 million). This is mostly due to foreign currency exchange gains on a weaker yen. Revenue projections for the full fiscal year have been revised to 670 billion yen ($7.4 billion), down from a previous forecast of 810 billion yen ($8.9 billion).
For the nine-month period that ended on December 31, 2012 Nintendo recorded revenue of 543 billion yen ($6.0 billion), down 2.4 percent from the same period a year ago. The company also posted profits of 14.5 billion yen ($159.7 million), compared to a loss of 48.3 billion yen ($531.6 million) from the same period a year ago.
New Super Mario Bros. 2 has sold 5.96 million units worldwide, while Animal Crossing: New Leaf on the 3DS has sold 2.73 million units in Japan in the last few months. The Nintendo 3DS has sold 12.71 million hardware units worldwide during this fiscal year so far, and 39.56 million software units. New Super Mario Bros. U has sold 2.01 million units so far, while Nintendo Land sold 2.33 million copies. Nintendo reported that it has sold 3.06 million Wii U consoles worldwide, and 11.69 million software units to date.