<http://schema.org/articleBody>
"Nintendo has admitted that poor sales of its Wii U games console continue to hamper its business, even after it latest financial results [PDF] included a net profit of $93 million (9.6 billion yen) for the third quarter of 2013.\r\n\r\n&amp;quot;The Wii U hardware still has a negative impact on Nintendo\u2019s profits owing mainly to its markdown in the United States and Europe,\u00A0and sales of software, which has high profit margins, did not grow sufficiently, leading to a gross profit of 149.2 billion yen,&amp;quot; the company said in a statement.\r\n\r\nThe admission comes as no surprise since the Japanese gaming giant slashed its sales projections for the Wii U by a whopping 69 percent earlier this month. It expects to sell\u00A02.8 million units over the full financial year. That figure currently stands at 2.41 million.\r\n\r\nDespite a surprise profit for the period, the outlook for the next quarter is grim. Nintendo expects sales to &amp;quot;decrease significantly&amp;quot; due to deferred tax assets. Nintendo is also factoring in\u00A0seasonal differences -- end-of-year sales and Christmas boosted it in the third quarter -- and the rising value of the yen against the US dollar.\r\n\r\nImage via\u00A0Kevork Djansezian/Getty Images"^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/asia/2014/01/29/nintendo-admits-poor-wii-u-sales-are-continuing-to-hurt-its-business/>