Bloomberg has spoken to a number of analysts after it emerged that both Microsoft and Sony sold more game consoles in 24 hours than the Wii U maker did in nine months. The majority of analysts questioned whether Nintendo would be able to sell 9 million Wii U consoles. In reality, Nintendo is expected by analysts to sell 6.5 million Wii U machines this fiscal year.
“They steadfastly refuse to consider that the product is not interesting to consumers,” Michael Pachter, a Los Angeles-based analyst with Wedbush Securities Inc., said in an e-mail. “They will fail to hit 9 million, and they will likely miss their profit goals.”
“Wii U has become a game console only for Nintendo fans,” Eiji Maeda, an analyst at SMBC Nikko Securities Inc. in Tokyo, said by phone. “Wii U needs groundbreaking software to draw casual and hardcore gamers. The company will sell 6.5 million Wii U machines this fiscal year.”
“Nintendo’s home-console sales are stagnating even as U.S. demand for video games is increasing. U.S. sales of both physical and digitally delivered games grew 17 percent in the three months ended in September, Port Washington, New York-based researcher NPD Group Inc”
“The PS4 and Xbox One are more likely to collect software because third parties create them for core gamers,” Yusuke Tsunoda, an analyst at Tokai Tokyo Securities Co. in Tokyo, said by phone. “It’s meaningless for third parties to take risks by developing games for the Wii U.”
“It’s going to be difficult for Nintendo to sell 9 million Wii U consoles this fiscal year,” Maeda said. “Iwata needs to plan what to do next year if the performance this year isn’t good.”