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Nintendo profits plummet in Q1 as Wii comes off boil


Nintendo's just released a nasty set of Q1 financials, showing a 40.1 percent drop in overall sales and a 60.6 percent drop in profits for the three months ending June 30.

Net income was down to ¥42 billion compared to ¥107 billion in Q1 2009. Sales fell to ¥253 billion from ¥423 billion a year ago.

Wii sales crashed from 5.17 million units in the first quarter last year to 2.23 million this year.

DS sales fell from 6.94 million to 5.97 million year-on-year. DSi made up 3.65 million of the total figure.

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