Ahh the good times. That’s all Nintendo had up until last quarter. Now they’ve dipped to a tune of 66 percent. Nintendo announced in an earnings report that they’ve finally taken a hit, citing less demand for the Wii and stronger yen.
Nintendo also had slower sales of the extremely popular Nintendo DS/DSi. That was partly due to “increased competition in the handheld business from Apple’s iPhone.” Who would have though Apple would actually be making a dent in hand held video game sales. Nintendo needs to find the next big thing because the competition is heating up. Sony and Microsoft are both working on motion control gaming. We’ll see if Nintendo can reach their goal of selling 20 million Wiis and 30 million DS by the end of the year.