Nintendo Slip

Nintendo's annual net profit is coming in down 35 percent from last year. The company's consolidated net profit reached $521 million for the year, with most of the fall from last year's mark being attributed to an overly strong yen. Nintendo earns over three quarters of its sales overseas, and the strength of the yen contributed to erosion of more than $500 million from the company's overseas sales and assets. Though Nintendo missed the profit projections of most analysts, the company's forecast of a 46.3 percent jump in profits for coming year is better than expected. Nintendo's forecast for the coming year does not include the company's next generation Dolphin console, a sign of a possible launch delay.