Caught short
Nintendo could very well cut its earning forecast and
announce that annual profit will decline. The reason is that Wii sales are decreasing thanks to the
fact that any one who wants one has one and the strong Japanese yen has
meant people are less interested.
Bloomberg reports that Nintendo's net income will
possibly fall 11 percent to US$2.7, marking the first drop since March
2004. Wii sales have been sliding worldwide. Last month, Wii
sales in the U.S. dropped 33 percent while rivals Sony saw PS3 sales
double.
It is starting to look that unless Nintendo can pull a
rabbit from out of a hat, it will slowly be retired into the dustbin of
fads along with the hola-hoop, the skateboard, the iPod and voting for
the British Labour Party.