Nintendo Profits Down Amid Dreary Wii, DS Sales

We've obviously gone through the rabbit hole: Motorola's income reaches positive figures while Nintendo turn around and report slashed profits [pdf link].  After a healthy last quarter, the Japanese gaming giant has announced a drop in interim net profits from 144.83 billion yen this time last year to just 69.49 billion yen this past six months, with a 43-percent drop in Wii sales.

In fact the company only sold 5.75m Wii consoles, while handheld console sales also fell by 15-percent despite the launch of the DSi in Europe and the US.  Nintendo have tweaked their financial year-end predictions to more conservative figures, suggesting 1.5 trillion yen sales and an overall net profit of 230 billion yen come March 2010.