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Friday July 29, 2005 1:09 pm

Nintendo Profits Down, Still Doing Fine

Nintendo Profit DropThe Reuters service of Japan is reporting a 78.5% fall in the operating profits for Nintendo in the fiscal quarter ending June 30th.  Reasons for this loss include the lack of third-party games and the declining sales of the GBA SP and Gamecube.  While this might seem like very bad news, it should be pointed out that Nintendo is still the only major current-generation console company making any money at all.  The DS has managed to gain a foothold large enough to avoid complete destruction by the PSP and Nintendo has presented a conservative strategy for the future that looks to ensure a viable and stable business model.  In the next-generation of consoles, it may be enough of a Revolution to simply make any profit at all.

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