Nintendo hit as GameCube demand slows
COMPUTER games giant Nintendo today posted a 19 per cent slump in annual operating profits, amid slowing demand for its GameCube console and software.
However, the group - which faces stiff competition from Sony and Microsoft - said it had enjoyed strong demand for its DS hand-held machines in Japan as game titles such as "Brain Training for Adults" expanded the gaming population beyond teenagers to women and senior citizens.
The brisk DS sales failed to offset slowing demand for the GameCube console, which was launched in 2001.
In a bid to breathe life back into its console sales, Nintendo plans to launch a new machine, Wii, in the final quarter of the year, setting a stage for a three-way battle with Microsoft's Xbox 360 and Sony's upcoming PlayStation 3.
Nintendo expects an operating profit about 521 million for the current business year to March 2007, falling short of market expectations.
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