Nintendo Expected To Cut Year’s Profit Forecast 30 Percent
Following a steady decline in Wii hardware sales throughout this year, Nintendo is looking forward to the key holiday season and the release of Wii Fit Plus and New Super Mario Bros — but in a tough environment, the damage may have already been done. The company is expected to cut its earnings forecast and see an 11 percent fall in annual profits to 249.3 billion yen ($2.7 billion)– the first decline in six years, …
