Nintendo profits down for the first time in 6 years
Slower sales of the Wii and DS have caused Nintendos profits to take a slide and to cut their forecasts
The recession and the weakening of the Yen is causing all sorts of grief finally with Nintendo who have up until now rode the wave pretty well. In an announcement today Nintendo has said that net profit has fallen in the last half year to a mere 69.4 billion yen, which is down from 144.83 billion yen just a year ago. Nintendo says the slip was due to less software releases which caused hardware sales to fall. 5.75 million Wiis were sold in the last 6 months.
The DS also was down but less so with 11.7m million unit sold compared to 13.7m previously.
Nintendo has lowered its forecasts on the amount of Wii unit it is going to sell and also lowered its net profit forecast down to 230 billion yen from 300 billion yen.
While down, Nintendo is still still making a load of money, however itll have to do something to stem the tide—perhaps some games might be in order?
