Toy maker Tomy cuts profit forecast, blames Nintendo
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Japanese toy maker Tomy have cut their annual net profit forecast by two-thirds citing less demand for toys as people are spending more money on Nintendos two consoles. The company said sales of all their products were sluggish in Japan because of the Nintendo DS and Wii. People are choosing to buy these two products over their character goods and card games. Looks like Sony aren’t the only ones suffering at the hands of the DS and Wii juggernaut. Source: Reuters
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