Nintendo warned today that it expects net income for the March 2011 fiscal year will likely drop to about 200 million yen – around $2.1 billion – down 13% from FY 2010. That follows an 18% in the latest year, which the company reported earlier today. FY 2010 sales were down 22%.
Bloomberg notes that the Street had been expected FY 2011 profits of 220.9 billion yen.
Nintendo expects to sell 12% fewer consoles in FY 2011 than in the previous year, but with 11% higher sales for the company’s DS handheld games, including an upcoming 3D version. The company sees sales of 18 million Wii consoles this year, with 30 million DS handhelds.
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