Nintendo Slashes Sales Outlook for Wii U

Nintendo Co. slashed its sales outlook for its Wii U, the company’s first new home console in six years and its attempt at recapturing the excitement over the original Wii, in an industry increasingly dominated by games on smartphones.

The revised sales view is the latest dose of bad news for Nintendo, coming off its first annual loss in more than three decades, after a sluggish start to its previous hardware launch, the Nintendo 3DS hand-held, pushed the company into an early price cut.

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