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Nintendo 3DS 'is out of the woods,' declare analysts

But continued success 'depends on software sales'

After a tepid reception and a swift and brutal price cut, analysts have declared the Nintendo 3DS is finally on the path to success.

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Speaking to Eurogamer, analysts from Wedbush Morgan and EEDAR agreed that Nintendo's latest handheld has passed the rocky launch phase.

"It's definitely turned the corner," said Wedbush Morgan's Michael Pachter. "With the strong rebound in 3DS sales, I think Nintendo is clear of the woods for now," added EEDAR's Jesse Divnich.

Pachter went on to say he didn't expect the system to have a rocky start given its price point.

"I was surprised that it sold so few at the $249 price point, and its sales to date are exactly what I originally forecasted at that price," said the Wedbush analyst.

Divnich and Screen Digest's Piers Harding-Rolls posited that continued health hangs on whether consumers purchase more software. A sentiment also expressed by Ubisoft CEO Yves Guillemot late last year.

"Going forward, however, we will closely be paying attention to software attach rates. Selling hardware is great, but it is only the first step. The health of any hardware is directly correlated to the amount of software consumers buy," said Divnich.

Following the significant mid-August Nintendo 3DS price cut sales saw a 260 percent sales increase in North America.

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