Nintendo cuts forecasts but still expects a return to profit

Nintendo had a pretty good Christmas. Net profit was ¥45.2 billion ($383 million), and revenue was ¥271,521 billion ($2.3 billion). The solid holiday sales won't be enough for Nintendo to meet its forecast of ¥40 billion yen in operating profit for the financial year, however — the company has slashed that target in half, now expecting to make ¥20 billion. Since its account for the nine months so far stands at ¥31.6 billion, Nintendo is predicting it will lose more than ¥10 billion over the next three months.

via Tech News Headlines - Yahoo News http://ift.tt/1LgjOXx