Nintendo profits tumble by 66%

Nintendo’s annual profit has fallen for the second year in a row, hit by a price cut on its DS handheld gaming console and the strong yen.

The Kyoto-based company behind the Super Mario franchise and the Wii console said its net profit for the fiscal year ending March 31 fell 66% to 77.6 billion yen (€647m) from 228.6 billion yen (€1.9bn) the year before.