Nintendo Q3 Report: 23 Percent Profit Loss

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Thanks to slumping DS sales (only took five years!), and Wii price cuts, Nintendo posted Q3 profit losses of 23 percent ($192 million, down from $249 million a year ago). It the first time in four years they've posted an annual profit loss. Looks like its time for Nintendo to respond to the iPhone/iPod touch boom, and encourage other Wii games besides "My Extreme Carnival Games 15." [Reuters]