The PS2 is still cutting into Nintendo's console business pretty sharply, while the GBA carries the company.
Nintendo's goal of 10 million GameCube systems sold through its fiscal year ending in March wasn't met, as today it was announced that 9.55 million systems have been shipped out.
As a result of this, Nintendo's total sales for its last fiscal year have taken a 9% hit, down to ¥504 billion ($4.3 billion) from ¥555 billion last year. Lower sales equate to lower profits, which Nintendo is also facing. Profits totalling ¥67.3 billion ($572 million) for this year isn't bad at all, but compared to the previous year's ¥106 billion profit, it's cause for concern for some of Nintendo's investors.
That's a 37% drop in profits, with more coming next year, as Nintendo is predicting another drop for its next fiscal year (down to ¥65 billion), though the company feels its sales will improve (¥550 billion).
The Game Boy Advance, on the other hand, is still going strong, with upwards of 34 million units sold overall, with about 16 million sold in the last year.
For the entire article outlining Nintendo's full financial situation, click here.