profit

Fri
06
Nov
Dennis Faas's picture

Nintendo Profits Plummet 52%; Game Maker Rips Wii

For the first time since its release three years ago, the Nintendo Wii appears to be slipping up. Nintendo, which has for the past three holiday seasons stolen the spotlight from competitors Microsoft and Sony, recently cut its forecast for the tiny ... white and previously uber-popular console. 52 Percent Decline In Q4 In a statement released late last week, Nintendo admitted an astounding 52 percent decline in profit for the last quarter. As a result, the company decided it must cut its operating profit forecast for the year to March 2010 by a quarter, to 370 billion yen, or $4.7 billion USD. ... (view more)

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