Nintendo profit dives
| Rudolph Muller | October 29, 2009 | No comments |
Rudolph Muller
Rudolph Muller is the editor at MyBroadband and covers telecoms and broadband news. Rudolph comes from an academic background, but left the University of...
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Nintendo's first-half profit plunged by more than half as sales of its hit Wii home console fizzled in a saturated market.
Nintendo Co. reported a 69.49 billion yen ($772.1 million) profit for the April-September period Thursday, down 52 percent from 144.83 billion yen a year earlier.
Fiscal first-half sales dropped 34.5 percent to 548.01 billion yen ($6.1 billion).
Kyoto-based Nintendo, which did not break down quarterly numbers, said it sold 5.75 million Wii machines around the world during the period, far short of the more than 10 million sold for the six months last year.
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