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Nintendo Co Ltd. (NTDOY)
Nintendo Q3 profits dip 46 percent
Nintendo Q3 profits dip 46 percent
Joystiq - January 27, 2011
Submitted by TheSmilkman (101) at 5:20AM PST on January 27, 2011
Well, that's awkwardly timed. Just as Sony was wowing the world with its new, super-powered PSP dubbed NGP and its wow-that's-smart plan to bring "PlayStation content" to Android phones, Nintendo was reporting a 46 percent dip in its October to December Q3 profits, thanks to flagging Wii and DS sales. Acknowledging the tough market, the Big N cut its sales forecast for the Wii 1.5 million units, down to 16 million, and for the DS 1 million units, down to 22.5 million.
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