• We sensed that the market mood was cooling off in the spring. But frankly, we hadn’t expected to get as bad as it did by summer.
• Nintendo President Satoru Iwata • Describing the quick decline in sales of the Nintendo Wii this year. Despite the company’s cut in price on the Wii, it kind of made things worse this quarter: Profits dipped 52%, while sales slid 28%. Nintendo’s working hard to make some changes to help improve profits – new Mario and Zelda games are coming soon, and the company could make changes to the platform to enable (on the Wii’s end) Blu-Ray discs and (on the DS’ end) 3G and social networking. Oh, how the mighty have fallen. • source

Posted by Ernie Smith • Permalink