Nintendo profits under threat? - MCV

Nintendo profits under threat?

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Falling sales of the Wii and the decreasing value of the yen could force Nintendo to lower its profit forecasts for the first time in six years – that's the warning from US news agency Bloomberg.

The predictions are that the platform holder's net income is set to fall by around 11 per cent to $2.7bn.

Nintendo may cut its profit projection about 30 per cent because of sluggish sales in the first half, the price cut for the Wii and currency-related impact,” Deutsche Bank AG analyst Satoru Kikuchi explained.

Investors are expecting the company to fully reflect its business environment in its forecast.”

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