Nintendo slashes forecast from a profit to a big loss

Nintendo had a disastrous holiday season because of  weak sales of its Wii U video game console.

Trumped by the Sony PlayStation 4 and the Microsoft Xbox One, the 16-month-old Wii U was under-powered, and its tablet-like game controller didn’t resonate with gamers. As a result, Nintendo slashed its forecast tonight for the fiscal year ending March 31.