Nintendo sales sink for first time in six years

Nintendo sales sink for first time in six years

By Ben Parfitt

May 6th 2010 at 9:43AM

Platform holder expects further declines as revenue drops 22 per cent; firm remains profitable

Nintendo has reported an 18 per cent decline in net income for the year ending March 31st 2010 at $2.45bn.

Revenue was $1.53bn – a decline of 22 per cent.

It’s Nintendo’s first full-year annual decline in six years, but is also the third most profitable year in the company’s records. It also forecast another year-on-year decline for the fiscal year ending March 31st 2011.

A full financial report can be found over at MCV