Nintendo cuts annual profit forecast on strong yen (AP)

A visitor walks by a Nintendo logo during a press event to unveil Nintendo DSi, the revamped version of its hit DS portable machine, in Tokyo Thursday, Oct. 2, 2008. Nintendo Co. has cut its full-year net profit forecast by 15.9 percent as a surging yen undercut brisk sales of its popular Wii console and DS handheld device, the Kyoto-based company says Thursday, Oct. 30, 2008. Nintendo also said net profit in the April-September half jumped 9.4 percent to 144.8 billion yen ($1.5 billion). (AP Photo/Katsumi Kasahara)AP - Nintendo Co. said Thursday it posted a 9.4 percent gain in first-half profit but cut its full-year outlook as a surging yen undercut brisk sales of its popular Wii console and DS handheld device.

Original post by AP and software by Elliott Back

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