Nintendo has cut its forecast for sales of its Wii console and handheld 3DS and warned that it will post a bigger than expected loss this year.
A strong yen and the prospect of ongoing economic gloom have been blamed for Nintendo's poor fortunes but the company's products are the real problem.
The 3DS has not been as successful as the company had hoped. The price has been cut so much that it's thought that Nintendo loses money on each device and the company has tried to shift its marketing focus because 3D seems not to be attracting consumers.
The company has sold more than 15 million 3DS units since the device launched in February last year but has revised down its estimates for the financial year from April 2011 to March 2012 from 16 million to 14 million units.
I think that they had there day and should definately get out of the Console Market because the Wii U will fail unless it's under £100, The Wii-U is little more than a PS3 catch-up machine, putting it where the PS3 was in 2005. Consider you get a PS3 around £160 now but what do members think?