Nintendo Slashes Forecast on Poor Wii U Sales

Nintendo's run of game consoles ending with a whimper

Nintendo had a rough end to 2012, and the situation might become a bit more difficult in the coming months.

The company today announced its earnings (PDF) for the nine months ended December 31. During that period, Nintendo generated 543 billion yen (about $6 billion) in revenue, dropping 2.4 percent compared with the same period in 2011. Despite that decline, Nintendo was able to muster a small profit of 14.5 billion yen, up significantly from the 48.4 billion yen it lost a year earlier.