Nintendo's 9-month profit falls on strong yen (AP)

By
Viraj
on January 29, 2009 7:18 PM | | TrackBacks (0)
TOKYO - Nintendo Co. said net profit for the April-December period fell 18 percent as a strong yen cut into robust demand for its gaming products, forcing the company to slash its full year forecast.

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Group net profit at the Kyoto, Japan-based maker of the popular Wii console and DS handheld device declined to 212.5 billion yen ($2.35 billion) from 258.9 billion yen the previous year. global slowdown . But as the latest numbers show, the company has not been immune to currency fluctuations that are eating away profits at other Japanese exporters.

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