Nintendo Reports First Profit Drop In 4 Years

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An earnings report from Nintendo released today shows the first drop in profits that the big N has seen in four years. For the six months ending in September, the operating income fell 58.6% from the same period last year to just 104.3 billion Yen. The Wii was what to the major hit, with its sales falling 43% from last year.

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At a press conference in Osaka today, Iwata himself said "Wii has stalled. We were unable to continually release strong software, and let the nice mood cool." He went on to say that once you have lost momentum in the gaming industry, it takes a while to get it back. If anyone can, though, its Nintendo.

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Source: GamersReport.com