Nintendo Q3 Report: 23 Percent Profit Loss [Gaming]

[retroremakes]

Thanks to slumping DS sales (only took five years!), and Wii price cuts, Nintendo posted Q3 profit losses of 23 percent ($192 million, down from $249 million a year ago). It the first time in four years they've posted an annual profit loss. Looks like its time for Nintendo to respond to the iPhone/iPod touch boom, and encourage other Wii games (http://kotaku.com/5445090/rumor-retailers-say-no-thanks-to-wii-mini-game-collections) besides "My Extreme Carnival Games 15." [Reuters (http://www.reuters.com/article/idUSTRE60R1R320100128?type=technologyNews)]


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