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Kamide quantifies "something big has gone wrong" at Nintendo remark

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KBC Financial Products analyst Hiroshi Kamide has clarified a comment he made yesterday in which he said "something big has gone wrong" at Nintendo.

Kamide made the remark in light of a 33 percent drop in yearly profit expectation from the Kyoto firm.

"It’s big in the respect that Wii demand is not being seen at all in Japan, and that they felt they had to reduce annual guidance," the analyst told Kotaku.

"Why didn’t they just pre-plan and cater to markets where there was demand (or heaven forbid they have enough supply perhaps)?"

Nintendo reduced its estimated full-year profits yesterday with the release of third quarter financials.

Kamide said the move signalled a tough time for the company in the fourth quarter, where margins would be squeezed harder than Nintendo had experienced in the past three years.

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Patrick Garratt

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Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.

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