TOKYO (AP) — Nintendo Co. says its profit for the first nine months of the fiscal year fell 30 percent because of languishing sales of its Wii U home consoles and game software. The Japanese maker of Super Mario video games reported Wednesday a 10.2 billion yen ( $99 million ) profit from April to December, down from 14.55 billion yen a year earlier. It did not break down quarterly numbers. The Kyoto -based company this month forecast a loss of 25 billion yen ( $242 million ) for the fiscal year through March 2014 . It had earlier forecast a profit of 55 billion yen ( $532 million ). It also cut its annual forecast of Wii U sales from 9 million units to just 2.8 million, fewer than a third of its earlier estimate.
Most Popular Stories
- Koch Brothers Step up Anti-Obamacare Campaign
- FDIC Sues Big Banks Over Rate Manipulation
- Vybz Kartel Convicted of Murder
- SoCalGas Reaches Record Spend on Diversity Suppliers
- FDIC Accuses Big Banks of Fraud, Conspiracy
- Stocks Close Lower Ahead of Crimea Vote
- U.S. Consumer Sentiment Falls in Early March
- Jittery Investors Dumping Russian Stocks
- Is Malaysian Airlines Flight 370 in Andaman Sea?
- Ulta Shares Look Good on Strong Q4