Nintendo Cuts Profit Forecast by 33%

[treg50]

Nintendo "Baffles" Market, Cuts Profit Forecast by 33%

Even Nintendo gets the blues, judging from the Wii-maker's latest counterintuitive financial announcement. In a shock reversal, the company has inexplicably slashed its full-year profit forecasts by 33 percent.

http://www.pcworld.com/article/15854...ast_by_33.html

[Jeremiah]

Somethings definitely off there.

Maybe they are finally going to produce more wii's and since they will be in high supply it wont be such a hot item.

[bulaian]

Nintendo, which makes about 90 per cent of its income overseas, said its performance was "adversely impacted by a large exchange loss due to the sharp appreciation of the yen."

Source

[mekeni]

at least they are still predicting profit...

[Xtrema]

Most Japanese companies are suffering because they can't get the yen down. Even worse for car makers.