Despite the hype of a new system and pre-orders selling out, Wii U hardware and software sales at GameStop for the first two months did not meet expectations according to a note released Thursday from Sterne Agee analyst Arvind Bhatia.
The Wii U sold 425,000 units in November according to the NPD results released in December. This number appeared to be limited somewhat limited by supply but that is not the case since. Bhatia says that Wii U supplies are now "abundant" at GameStop. Sales numbers for Europe and Japan have not been tallied yet.
Software sales have been disappointing as well as Bhatia says that the attach rate for games to the Wii U has been "low." A specific number was not given but James Hardiman of Longbow Research pegged the number at 1.2 games sold per system for the United States back in December.
Unsurprisingly, Bhatia notes that the Wii U Deluxe is selling better than the Basic model despite being $50 more expensive. The larger storage space, bundled "Nintendo Land" game and bonus rebate for purchasing games through the eShop make it a better value.
"Our conclusion is the Nintendo Wii U launch has been slightly disappointing," Bhatia wrote.