Nintendo trims profit forecast

City A.M. Reporter
NINTENDO trimmed its annual profit outlook by almost 50 per cent yesterday as a strong yen and diminished console sales weighed on earnings while it readies the launch of the successor to the hit Wii console, which it hopes will reboot earnings growth.

Its operating loss for the three months to October edged down to ¥18.8bn (£147m) from a loss of ¥19.6bn a year ago, and compared with an average loss forecast of ¥16bn from analysts.

Nintendo’s Wii U console will go on sale on 30 November in the UK.