After dramatically cutting fiscal year sales forecasts, president Satoru Iwata said Nintendo is looking to new areas for sales, marketing and customers.
"We should abandon old assumptions about our businesses," Iwata told The Nikkei. "We are considering
as an option. For this reason, we'll step up share buybacks."
Two weeks ago, the company cut the Wii U sales forecast from 9 to 2.8 million units, for the fiscal year ending March 31. Nintendo also cut the projection for 3DS sales, its perennial life boat, from 18 to 13.5 million; both of these revisions change Nintendo's net income projection from a profit to loss.
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