Nintendo’s lack of breakthrough games hit profits hard (update)

Despite Nintendo’s attempts to lower expectations ahead of announcing its financial results, its latest quarterly earnings aren’t good. At all. Net sales are down 31 percent compared to the same quarter last year, down to 62 billion yen ($587 million). Meanwhile, it saw an operating loss of 5.1 billion yen (roughly $48 million). Nintendo managed to sell 220,000 Wii Us, …