BUSINESS BRIEFING / VIDEO GAMES
Times Staff and Wire Reports
Nintendo Co. forecast its first annual profit drop in five years as the deepening recession undermined demand for the bestselling Wii game console.
Nintendo cut its Wii sales forecast for the first time, hurt by recessions in Europe, Japan and the U.S. The Kyoto, Japan, maker of the motion-sensing Wii said the stronger yen would also erode earnings.