Satoru Kikuchi, of Deutsche Bank AG told Bloomberg that "Nintendo may cut its profit projection about 30 per cent because of sluggish sales in the first half, the price cut for the Wii and currency-related impact. Investors are expecting the company to fully reflect its business environment in its forecast," which will be released on October 29.
Though Nintendo slashed the price of the console in the U.S. and Europe recently, sales have continued to fall, though NPD sales figures for September still indicate that the Japanese company shifted a combined total of almost 1 million units of its Wii and DS consoles.
Bloomberg predicts that Nintendo's net income is set to fall by around 11 per cent to $2.7bn.
Nintendo will be hoping that the introduction of the Black Wii, which is released in the UK and Republic of Ireland from 6 November and mainland Europe on 20 November will encourage strong Christmas sales.