Nintendo writes down its expected revenue

Nintendo has been working in the shadows behind Microsoft and Sony is preparing to engage in perhaps the most fierce console was yet. Nintendo has been around pretty much since the time and space merged to create a continuum and you have always been able to count on them but at the moment it seems it having some trouble. It has recently announced it has lowered its expected revenue for the first six months from a revenue at 30 billion yen to 20 billion yen. The reason is according to Nintendo that GameCube sales are down, but also that the price cuts with Nintendo DS has lowered the income.

Source: Reuters