Nintendo mid-year financial reports not great
Nintendo bestowed itssix-month financial reportupon investors and it’s a lot like the flaming bags left by teenagers on doorstops. Continuing the trend from last quarter, net sales have been reported to be down 40% compared to the same period last year, with gross profit down nearly 80%. The downturn in sales was attributed to “a lack of hit software titles,” which really hurt them when they narrowed their profit margins by cutting prices on Wii and 3DS hardware....