Yes disconcerting drop in both revenue and profit.

But under the circumstances, in the broader context, they have attributed much of the decline to several factors which seem to be in line with their shipment forecasts.  Perhaps price cut or colours  or more games to stimulate demand?  Either way...

As a stockholder, heres hoping they can reverse this short term trend. Black is good, red not so good. So under the circumstances, not too worried.

Nintendo's profits are down as opposed to last year because of the monster lineup they had. Need I remind people that those games released within that quarter (Brawl was late quarter 1, but still) have sold over 40m copies at this point (SSBB, MKW, Wii Fit....WiiWare launch).

Without one Wii title releasing in Q2 (or Q1 for that matter) that has sold more than 3m copies, you can understand the missing pieces of the puzzle.

Rag on Nintendo all you want, "They only made $415 million in profit". How dumb does it sound to say they 'only' made $400 million in profit? It may not be $1 billion like before with a software peak, but it is amazing.

When the competition isn't making a single dime, what do you call that? Explaining Nintendo's situation to the best of your own personal knowledge isn't damage control, it is ignorance control. When making nearly half a billion dollars as seen as an indication of failure, you need your eyes checked.

I blame Wii Fit.

With a "lineup" they had this quarter they have only themselves to blame for bad results.

They should be happy, still making money in this bad recession.

2010 is the comeback year NSMB, Mario galaxy 2, metroid other M need i say more?

$400 Million in profit

Really why are people worried??

is this really that unexpected. last year this time nintendo couldn't even keep wii's on the shelf they sold out so fast.

http://vgchartz.com/hwlaunch.php?cons1=Wii&reg1=All&cons2=PS3&reg2=All&cons3=X360&reg3=All&weeks=156&weekly=1

see that spike in the middle where nintendo sold more in the middle of the off-season then ps3/360 did in their holiday peaks? yeah, nintendo sales are down but they are down to the typical seasonal dependence that the ps3/360 has been on for a long time already.

"To date, Nintendo has sold 107.75 million DS systems worldwide, and 52.62 million Wiis."

Did VGC undertracked the Wii? We have it at like 51.38M now (even though last week's sales aren't up yet but I doubt it'll make up for the 52.62m)

In the business world, you are either growing, or you are shrinking. Right now Nintendo is shrinking, and even though it has plenty of room before it starts risking red ink, the fact is that it isn't creaming the competition quite as decisively as it was last year. If the gap keeps narrowing, Nintendo will be overtaken.

Personally, I just wish I knew how well Sony and Nintendo would be doing if they didn't have the lodestone of the yen weighing them down. Pretty crappy when something almost completely out of your control starts undermining your business like that.