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Reply #60: Nintendo annual profits slump 66% [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 09:14 AM
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60. Nintendo annual profits slump 66%
http://www.bbc.co.uk/news/business-13185728

Video games giant Nintendo has seen its annual profits slump by 66%, hurt by a strong yen and a drop in sales.

Net profit for the year to the end of March came in at 77.6bn yen ($945m; £570m), compared with 228.6bn yen the previous year, its results showed.

The company said that while it had not suffered any direct damage from last month's earthquake, it expected it to weigh on consumer spending in Japan.

Nintendo also announced that it will release a successor to the Wii in 2012.
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