Nintendo says the Wii U will be out in 2012, but can it boost the company’s falling profits?

Proving that Apple is the exception at the moment, Nintendo has published its financial results for the final quarter of 2011, which unfortunately saw a 61% drop in profits and a 40% fall in sales revenue too, Digital Trends reports. The company also re-evaluated its projected sales for the Wii and 3DS, cutting them from 12 million to 10 million, and 16 million to 14 million respectively. Bad news all round, especially when you consider the 3DS had an early price drop last year. It wasn’t all negative however, as the president of Nintendo, Satoru Iwata, has confirmed that the Wii U console will be going on sale in the USA, Europe and Japan in time for the 2012 holiday sales period. With Black Friday often symbolizing the beginning of the Christmas rush in the US, a November date is possible…

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