Nintendo Could Potentially Drop Profit Forecast (Bloomberg Report)

The world of video game sales is a finicky business. When you’re on top, many times it feels as though nothing could go wrong. I’m sure Sony felt that way when they dominated the last generation, and going into our current gen. Of course, things turned out quite a bit different. Nintendo has dominated up until now, and Sony is in third place when it comes to sales. And the Xbox 360 has been at a constant 2nd place after all three consoles were on the market.

The winds could be changing again, according to this report from Bloomberg.com. It’s being reported that Nintendo is cutting it’s earnings forecast. The reason being that console sales slipped in the previous months, and estimates are going to be lower going on because of the price drop. Overseas, money will mean less as the yen is currently strong.

This doesn’t mean that Nintendo is down and out yet, with Super Mario Galaxy 2 coming out next year. Actually, many times a company will lowball their forecast to make their numbers seem great come crunch time. So, whenever you hear a company exclaim, “We made 60% above our forecast”, take it with a grain of salt.