Nintendo reports declining profits

Nintendo’s latest financial results show a decline in profits, mostly due to lower Wii sales and a lower price on the console as well. The company reported a profit decline of 52% compared to last year, but still, unlike its rivals, Nintendo made a $750 million profit, and it still makes money on every Wii console sold, despite a new $199 price point.
Nintendo also revealed that the company has sold 56 million Wii units worldwide, while the DS has sold 113 million worldwide. Nintendo said they expect to sell 20 million Wiis this year, down from 26 million they projected last year.





