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Nintendo profits down as Wii sales decline
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Posted on Thursday, January 28 2010 @ 12:28:11 CET by Thomas De Maesschalck |
Nintendo announced a 23 percent drop in sales and 9 percent drop in profit, as sales of the company's Wii console are slowing down.
Sales in the first nine months of the company's current financial year, which is the period from April 2009, were down 23 percent at ¥1.2 trillion (US$13.4 billion) while net profit over the same period was off 9 percent at ¥192.6 billion. Nintendo said weak performance in the April to September period coupled with the strong Japanese Yen were largely to blame for the drops.
Nintendo had been enjoying high demand for its Wii console and DS handheld but that has started to weaken over the last few quarters.
More info at ComputerWorld.
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