Nintendo Reports 46% Profit Fall

Q3 profits take a hit as company makes way for 3DS.

Nintendo saw a 46% fall in its quarterly profits, with the dwindling sales of the Nintendo DS in the face of its immediate successor and the rising threat of Sony in the handheld market cited as reasons for the decline.

Nintendo has cut its sales forecasts for both of its consoles available on the market, with predicted sales of the Wii cut to 16 million units from 17.5 million for the financial year while the DS takes a hit from 23.5 million to 22.5 million.

Reuters is reporting that Nintendo's operating profit stands at 104.6 billion yen for the quarter, which sees a fall from the 192.3 billion yen from the same period a year ago.

The news comes in the immediate aftermath of Sony unveiling its PSP successor, the NGP, and mere days after Nintendo finalized its launch plans for the 3DS.

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