GameCube sale slump hits Nintendo

Iria · Oct 7, 2005, 06:49 PM

Falling console sales and fierce price competition have dented profits at Japanese games manufacturer Nintendo.

Demand for its GameCube consoles has dropped off in the US, while sales of handheld Game Boy Advance consoles weakened in Japan and North America.

Sales fell 14% to 70.6bn yen ($62m) in the three months to June, with pre-tax income down 41% to 21.3bn yen. Nintendo is banking on the success of its next-generation console, to be unveiled next year.
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Read More / Source: BBC News

Oct 7, 2005, 06:49 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	GameCube sale slump hits Nintendo Falling console sales and fierce price competition have dented profits at Japanese games manufacturer Nintendo. Demand for its GameCube consoles has dropped off in the US, while sales of handheld Game Boy Advance consoles weakened in Japan and North America. Sales fell 14% to 70.6bn yen ($62m) in the three months to June, with pre-tax income down 41% to 21.3bn yen. Nintendo is banking on the success of its next-generation console, to be unveiled next year. __________ Read More / Source: BBC News