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Nintendo Co Ltd. (NTDOY)
Nintendo's profit for 2010 declines 66% - April 25, 2011

Submitted by TheSmilkman (101) at 6:58AM PST on April 25, 2011

Nintendo's profit for 2010 slumped, despite the fact that the company managed to sell 3.61 million Nintendo 3DS portable systems. The Japanese games company profits plummeted during 2010, with a massive decline of 66% from 2009's fiscal year. As Engadget has reported, Nintendo's Wii sales have dropped between the two years by a quarter, with the console having sold fifteen million units during 2010, compared to the twenty million it sold during 2009.

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