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Nintendo lowers Wii U sales outlook

Published Jan 30th, 2013 7:43PM EST
Nintendo Wii U Sales

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Nintendo (NTDOY) on Wednesday acknowledged what the world has long known — that virtually no one is buying its Wii U console. The Wall Street Journal reports that Nintendo has lowered its sales target for the Wii U from 5.5 million units by the end of March to just 4 million units based on “its performance in the year-end sales season and afterward.” Nintendo has also slashed its Wii U software sales estimates “by a third to 16 million units,” the Journal writes. Recent reports have pegged Wii U sales as low as 21,000 per week, or roughly the same as Sony’s (SNE) six-year-old PlayStation 3.

Brad Reed
Brad Reed Staff Writer

Brad Reed has written about technology for over eight years at and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.