Nintendo continues decline
For a long time Nintendo was riding high with one of the most popular and best selling consoles on the planet. Its profits were swelling and things were rosy. That all started to go south for Nintendo when the economy went bad and the Yen went up in relationship to the dollar.
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Sales for Nintendo are slumping and Nintendo has announced that Q3 profits are down 46%. One of the main reasons cited for the slumping sale is less demand for the DS portable. That reduced demand is to be expected with the new 3DS on the way soon.
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Nintendo has announced that the sales forecast for the Wii console to 16 million units from the 17.5 million it had predicted for the year through March. The DS sales forecast is set at 22.5 million. Operating profit for the year ending in March is predicted to be 210 billion yen.