Nintendo may cut its profit forecast by about 30 per cent due to falling Wii sales and the stronger yen.
The platform holder’s net income will likely fall 11 per cent to 249.3 billion yen ($2.75b / £1.68b) this fiscal year, representing the first annual drop in six years, reports Bloomberg.
Global Wii sales declined for the first time during the quarter ended June 30, resulting in heavy profit and revenue declines for the company.
Sony’s PS3 outsold the Wii in the US and Japan for the first time in September. During the same month Nintendo announced plans to cut the price of the Wii in both territories for the first time since the console launched almost three years ago.
Nintendo is scheduled to report its earnings on October 29.