Income for the Japanese giant is likely to fall 11 per cent to JPY 249.3 billion, the first drop since the 12 months ended March 2004, according to Bloomberg.
"Nintendo may cut its profit projection about 30 per cent because of sluggish sales in the first half, the price cut for the Wii and currency-related impact," said Satoru Kikuchi, of Deutsche Bank AG in Tokyo. "Investors are expecting the company to fully reflect its business environment in its forecast."
Nintendo expected to announce cut in earnings
Posted on Wednesday, October 21 2009 @ 19:07 CEST by Thomas De Maesschalck