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April 25, 2011 03:56 pm GMT

Nintendo Sees Profit Falling 66%, Announces Wii Successor For 2012

Nintendo posted a new financial report today, and in a nutshell, things aren't looking too good. The company's net profit dropped a whopping 66% to $944 million in the fiscal year that ended March 31, compared with $2.78 billion in the same period a year earlier. Revenue in the same time frame fell 29.3% to $12.2 billion.Nintendo actually posted a drop in full-year net profit for the second straight year, as the company saw weaker sales of the Wii and DS.

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