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NINTENDO'S Wii LOSES GROUND

NINTENDO reported a 52 per cent slide in quarterly operating profit to 64bn yen (£422m) yesterday and slashed its full-year earnings forecast, as its Wii console lost ground to rival consoles from Sony and Microsoft. Nintendo cut its operating profit forecast for the year to March 2010 by a quarter to 370bn yen, ending a three-year run during which it booked a record profit.