Profits are still strong at Nintendo, despite (somewhat exaggerated) clammers from some quarters that the Cube is failing and that their demise as a platform holder is imminent. Sales between April and December last year hit $4.146 billion, whilst profits of $325.4 million were also revealed. No specific third-quarter only earnings were announced, which is odd given the Japanese firm have never reported nine-month figures before.

Despite these respectable numbers, Nintendo did lower their earnings predictions from $566 million to $509.4 million, for the year ending in March 2004.

Nintendo spokesman Yasuhiro Minagawa said slow sales in Japan and a shortage of supply during the U.S. year-end holiday shopping period put the company's full-year sales targets for its game machines beyond reach.

Minagawa also said the yen's surge against the dollar in recent months had depressed earnings.

Thanks to the Associated Press on Yahoo Finance.

By Luke Guttridge

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