Nintendo's annual profit down 66 percent to $947M (AP)

Monday, April 25, 2011 4:01 AM

TOKYO – Nintendo's annual acquire dropped for the second straight assemblage as income of its gaming devices lapse despite a price revilement for the DS handheld.

The Kyoto-based consort behind the Super Mario concern and the Wii housing said weekday its net acquire for the business assemblage ended March 31 lapse 66 proportionality to 77.6 1000000000 yearning ($947 million) from 228.6 1000000000 yearning the assemblage before.

Nintendo, which does not break downbound quarterly numbers, said annual income slipped 29 proportionality to 1.014 trillion yearning ($12.4 billion).

The consort expects conditions to improve gradually over the incoming year, with income of its newborn 3-D handheld mettlesome machine, the 3DS, counteractive an anticipated fall in Asian consumer spending mass terminal month's seism and tsunami.

"Nintendo has not suffered whatever direct damage which module significantly affect our production. However, it crapper be predicted that there module be an backhanded effect from individualist activity patterns," the consort said.

It forecasts income to uprise 8.4 proportionality to 1.1 trillion yearning ($13.4 billion) for the business assemblage finished March 2012 and expects earnings to increase 41.7 proportionality to 110 1000000000 yearning ($1.34 billion).

Nintendo is hoping the 3DS device, which lets users play 3-D games without act primary glasses, module stoke kindred enthusiasm as its Wii housing did five eld past with its original change supported controller.

The newborn handheld machine, which also takes 3-D pictures and module yet substance 3-D movie streaming, went on understanding Feb in Nihon for 25,000 yearning ($302) and March in the United States for $250.

But the figure haw hit whatever trouble establishing itself in a mart saturated with sharp phones loaded with cheap, easy-to-play games much as "Angry Birds."

Sony Corp., meanwhile, has announced a progeny to its PlayStation Portable that is cod to go on understanding New this assemblage jactitation flashier graphics on a super screen.

Nintendo said in its earnings evidence that the 3DS has been commerce briskly since its start and that it expects to move 16 meg of the machines in the underway business year, but that the company's overall element and code income hit been down.

Nintendo oversubscribed 15 meg Wii consoles terminal business year, downbound 27 percent, and expects to delude just 13 meg in the underway business year.

Sales of its standard DS device, meanwhile, dropped 35 proportionality to 18 meg units over terminal business assemblage and were due to modify to 11 meg units this business year.

The company's lowermost line also took a hit from its decision to revilement prices on the DS during the terminal business year, which helped inspire its element income income downbound 29 proportionality over the preceding period to 610 1000000000 yen.

The yen's appreciation between the two business eld also hurt the company's earnings from exports. On March 31, 81 yearning was worth a $1; a assemblage earlier, 94 yearning bought a buck.


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