Nintendo Profits Drop 60-Percent
Posted in: nintendo, sony, Today's ChiliSo much for recession-proof: In the first fiscal quarter this year, Nintendo’s sales dropped 40 percent, with a 60.6 percent drop in profits from the same time last year. The company chalked the significant drop up to “an anomaly in its 2009 lineup,” according to Venture Beat.
This year, many of the company’s top games like Super Mario Bros. Wii and Wii Sports Resort are debuting in the second half of the year. The drop also likely has a good deal to do with the fact that video game sales have been down overall. Sony also had a rough quarter, reporting a 39.7 billion yen loss.
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