Nintendo Cuts Its Annual Profit Forecast In Half Following Sales Slump

 Nintendo has slashed its profit estimate for the financial year by more than 50 percent amid slowing sales and a strong yen. In an announcement today [PDF], the Japanese firm lowered its net profit forecast from 35 billion yen ($310 million) to 17 billion yen ($151 million). Read More via Twitter

TechCrunch 01:39