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Nintendo says 9-month net profit down 30% on poor Wii U sales

Japan's Nintendo said Wednesday that nine-month profit dived 30 per cent on slumping demand for its Wii U games console, and warned again that it would slip into the red for the fiscal year to March.

TOKYO: Japan's Nintendo said Wednesday that nine-month profit dived 30 per cent on slumping demand for its Wii U games console, and warned again that it would slip into the red for the fiscal year to March.

The Kyoto-based company said it earned 10.20 billion yen (US$98.8 million) in the nine months to December as revenue fell 8.1 per cent to 499.12 billion yen.

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