Nintendo profits up, but tough trading forecast

Nintendo is forecasting tough trading ahead as it deals with increased competition and decreasing sales of GameCube and GBA.

The Japanese games giant reported a 3.6 per cent rise to 111.52bn yen in operating profits for its year-end, with net income up to 87.42bn yen (£443m). But the company forecast operating profit for the current year to rise to 115bn yen – lower than analyst expectations of 122.2bn yen.

Sales remained flat with Nintendo stating it expected to sell 12.4 million units of its DS handheld in the current fiscal year – up from the 5.3 million it had achieved in its previous full year, below the predicted 6m figure.

Meanwhile, the company forecast that GBA sales would decline by 33.8 per cent and GameCube sales by 28.6 per cent.

Nintendo is expected to release its next-generation Revolution console late next year.

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