It has been a bad weekend for Nintendo. On Friday the company announced that it expects to make a loss of some $335m for the financial year ending 31 March 2014. It also altered its sales forecast for its Wii U games console. Originally Nintendo estimated it would sell 9 million Wii U units but it has now cut its forecast by nearly 70% to 2.8 million units. The company also reduced the sales forecast for its 3DS console from 18 million to 13.5 million units.
As a result of this bad news industry analysts have renewed calls for Nintendo to release its games on smartphones and to abandon the production of consoles. Nintendo is the creator of some of the most iconic games [...]