Nintendo on Thursday warned that full-year profits would be far below its previous forecast, as it unveiled a new version of its handheld videogame console in an attempt to recapture consumer interest.
A lack of “software titles which consistently drove hardware sales” for its Wii home console, the impact of cutting the Wii’s price last month, and the rise in the yen drove Nintendo’s net profits for the first half down 52 per cent to Y65.9bn ($721m). The Japanese group cut its full-year net profit forecast by 23 per cent to Y230bn.
