Nintendo Profits Drop As Gamecube Loses Ground

Thanks to several readers for pointing to a Bloomberg Japan report reporting a likely fall in Nintendo's profits, as they lose market share to the Xbox and sell less Gamecubes compared to this time last year. They're still on course for a profit of hundreds of millions of dollars, mind you, but the article does say that "some investors criticized Nintendo for failing to announce any significant plans to boost its game business.. at last week's Electronic Entertainment Expo." Investors also seems worried about increased competition for the Gameboy Advance, in the form of Sony's PSP handheld.

Comments

Blah, blah, blah

[gergi]

It's a shame that they're only expected to make 1 gazillion dollars this year instead of 1.1 gazillion. I don't think Nintendo is too worried.

I'm going to back to playing my Gamecube and laugh at those that haven't been enlightened and still waste your time on the other two consoles.
Nintendo won my loyalty w/ great games, not great specs (though it has those too).