Nintendo Losing Ground – Profits Drop

Ouch!

For the first time in 6 years Nintendo have reported a drop in profits – compared with last year’s 279 billion Yen the drop takes them down to 228 billion this year.

The people in the know are pointing the finger at the lack of recent outstanding titles (The Wii isn’t getting CoD: Black Ops for instance), the lack of spending money in these times of the crunch and a dropping interest in Nintendo’s two consoles, despite the Wii having comfortably outsold the Xbox 360 and Playstation 3 since its launch in 2006.

The DS handheld is losing ground in the handheld market. Where it was the daddy it has since been nudged to the sideline thanks to Apple’s must-have handset. It seems that people prefer the touchscreen and accelermeter one-two of the iPhone/iPod Touch to the DSi’s button and stylus operation.

Things aren’t looking too good for the Wii’s ace either now that PlayStation’s Move and Microsoft’s Project Natal are on the horizon.

Could this be a good time to break out Wii II?