Nintendo Profits on the Decline

Nintendo has been hit by a dose of reality. Gamers are sick and tired of shovelware! Reports trickling in now show sales and profits dropped off sharply during the first half of its financial year as demand for the console dropped.

Nintendo sold 5.75 million Wii consoles between April and September, down 43 percent on the same period last year. The Big N has now cut its sales forecast for the period from April 2009 to March 2010 to 20 million consoles because of the poor results. Nintendo had hoped to sell 26 million.

So why the drop? It comes down to two things. A lack of big name games and the strong Yen.

[Via PC World]