Nintendo lowers Wii U sales outlook

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.

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