Nintendo slashes Wii U sales forecast from 9m to 2.8m

[Administrator]

UPDATE: Nintendo president Satoru Iwata has apologised to shareholders for the company's business performance but pledged to stay in office, Nikkei reports (as translated by NeoGAF).
Iwata admitted responsibility for today's poor financial results but said that the first order of business was restoring momentum as soon as possible, and that he will stay as president to see this through.
ORIGINAL STORY: Nintendo has cut dramatically the number of Wii U and 3DS consoles it expects to sell by the end of the financial year.
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