Nintendo Profits Fall for First Time in Six Years

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WCCobra
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Nintendo Profits Fall for First Time in Six Years

Post by WCCobra » May 6th, 2010, 7:45 am

Nintendo saw profits fall for the first time in six years in the 12 months to March as lower demand for its Wii and DS devices, a lack of blockbuster games and the strong Japanese yen all put pressure on its business.

The Kyoto-based company said net profit in the period from April 2009 to March 2010 was ¥228.6 billion (US$2.5 billion), a drop of 18 percent year on year. Net sales were ¥1.4 trillion, a drop of 22 percent.

http://www.pcworld.com/article/195712/n ... years.html

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