Is Nintendo Doomed?
Credit: Flickr
January 20, 2014

Via slashdot:

Nintendo’s revenue and profits are tumbling faster than Mario into a bottomless pit.

The iconic Japanese game-maker’s stock price took a major hit Jan. 20 (plunging several percentage points) after company executives suggested the next-generation Wii U console would sell 2.8 million units between April 2013 and March 2014 (PDF)—significantly below the 9 million units predicted in previous estimates. Contrast that with Sony’s PlayStation 4 and Microsoft’s Xbox One, which sold 4.2 million and 3 million units, respectively, in their first six weeks of release.

“Wii U sales… showed some progress...

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