Nintendo profits fall amid waning wii sales

According to reports, Nintendo's profits have plunged in the last six months.

The figures, showing a 52 per cent drop in profits, were described as 'disappointing' by commentators, and blamed on waning sales for the Nintendo Wii console.

Apparently price cuts to the Playstation 3 have hit sales of the hitherto all conquering Wii.

My own opinion on this is that you can only sell so much of one thing before everyone who could possibly want one, er, has one.

Don't forget that the Nintendo Wii has sold 56 million around the world.

Also don't forget that it was launched in the UK in December 2006 - and three years is a long time in the gaming industry.

I wouldn't be surprised if the Nintendo Wii 2 was imminent - after all, manufacturers rarely give much away before bringing to market a new item of technology because it will hit the last sales of their previous product, which are still clogging up the shelves in the run up to the launch.