Thursday, January 26, 2012

Nintendo Releases Quarterly Reports, profits down by 61 Percent


First it was Netflix and now it's Nintendo, folks as it has just released it's quarterly report. I have some terrible news for you hardcore fans of the Wii and DS line. Nintendo's profit was down by 61 percent for the October-December period at $631.6 million while which is really disappointing compared to the fact that last quarter had about $930 million. The company blames it all on the fact that demand for the 3DS is sagging and continually lowering. There is one more part that although may not sound too cheery after all these losses but may cheer up expectant waiters. The CEO has just said that the Wii U will be released at the end of 2012 geared towards the holiday season. Well don't feel too sad as Nintendo might still have a trick up it's sleeve to save the company.

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