Analyst estimates say Nintendo may cut earnings forecast and see a decline in annual profit for the first time in six years, reports Bloomberg. Analysts project an 11 percent decline in the company’s net income to $2.7 billion this year. One analyst at Deutsche Bank predicts the company will cut its profit projection 30 percent due, citing sluggish sales overall, less revenue from Wii sales due to the price cut, and impact from a stronger yen. Bloomberg cites NPD figures showing that PS3 outsold Wii in U.S. and Japan, with U.S. Wii sales falling 33 percent for September. Nintendo is scheduled to report earnings on October 29.
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