Nintendo slashes sales expectations, blames Germans

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  Heading:	<a href="http://squarehaven.com/news/2002/10/04/Nintendo-slashes-sales-expectations-blames-Germans">Nintendo slashes sales expectations, blames Germans</a><br/>Citing slow hardware demand in Japan and Germany and strong Japanese currency or something, Nintendo has reported to investors that mid-year profits will be 77% lower that initially expected. Nintendo will supposedly break even, however, after profits are considered from Nintendo's stake in Rare, which were recently sold. Nintendo profits from the $375 million sale were $183 million. The missing $192 million have been spent financing Satoru Iwata's brand new yacht. Gamespot
  Nintendo slashes sales expectations, blames Germans Citing slow hardware demand in Japan and Germany and strong Japanese currency or something, Nintendo has reported to investors that mid-year profits will be 77% lower that initially expected. Nintendo will supposedly break even, however, after profits are considered from Nintendo's stake in Rare, which were recently sold. Nintendo profits from the $375 million sale were $183 million. The missing $192 million have been spent financing Satoru Iwata's brand new yacht. Gamespot

  
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