Tomy Blames Nintendo for Low Profits Wii
by Evan Burchfield - 11:28 am EST
Total comments: 17
Source: Reuters
The toy maker anticipates to make 3 billion yen less than previously expected, thanks to Nintendo's success with DS and Wii.
A report from Reuters today states that Japanese toy maker Tomy has cut its annual profit forecast from 5 billion yen to 1.7 billion yen, blaming high sales of Nintendo's Wii and DS game systems for diminishing toy sales.
Tomy says that Nintendo's video game systems have replaced demand for these... Read more...