Nintendo stock crashes 18% overnight after slashing forecast from 55 billion Yen profit to 25 billion Yen loss : Games

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(+1768/-517) submitted 6 hours ago* by Software_Engineer [F]

For Fiscal Year ending March 31, 2014, Wii U sales projections cut from 9 million to 2.8 million, 3DS sales projections cut from 18 million to 13.5 million. Software sales below expectations for both systems. Bad all around for Nintendo.

Statement: http://www.nintendo.co.jp/ir/pdf/2014/140117e.pdf[1]

via Nintendo stock crashes 18% overnight after slashing forecast from 55 billion Yen profit to 25 billion Yen loss : Games.