Fast Feed [1]
Nintendo Posts A Profit, But Future Sales Are Shaky
News that would make Mario twirl his mustache in delight, then worry about tomorrow's mushroom harvest.
Nintendo's [3] been on shaky ground, but the company has just revealed [4] some more positive news in its financial report: It's back in profit, a year after its first ever financial loss. Profits for the nine months of the fiscal year were ¥14.5 billion ($159 million) compared to a ¥48 billion loss for the same period in 2011.
But it's not all happy news in Marioland, because the company also cut sales forecasts for its new Wii U games console [5] down to 4 million by the end of March--from an earlier prediction of 5.5 million. Sale predictions for the 3DS also slipped by 2.5 million. Given that Nintendo is pulling an Amazon-like [6] maneuver and selling the Wii U at a loss, this isn't good news.
[Image: Flickr user u hightechdad ser [7]]
