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Edition: U.S. Article Comments (0) Slideshow Follow Reuters Facebook Twitter RSS YouTube Read Man overpowered trying to hijack Alitalia flight 24 Apr 2011 Small plane full of cocaine crashes in New Mexico lake 24 Apr 2011 Air strike flattens building in Gaddafi compound | 2:21am EDT Five women brutally murdered in Mexico beach resort 23 Apr 2011 NATO jets strike inside Gaddafi compound 24 Apr 2011 Discussed 1 Spot silver jumps 5 pct to $49.25, just below all-time high 1 Future Ventures sets IPO price band at 10-11 rupees 1 France and Italy bid to defuse African migration row Watched Nissan checks cars for radiation Fri, Apr 22 2011 The journey from Misrata. Sun, Apr 24 2011 Gunfire and tanks in Syria Sun, Apr 24 2011 Nintendo annual profit drops 52 percent as Wii sales slow Tweet Share this OSAKA, Japan (Reuters) - Japan's Nintendo Co Ltd posted its second straight fall in annual profit on Monday, as sales of its aging Wii games console slowed and the March 11 earthquake weighed on Japanese consumer spending. Operating profit fell 52... Email Print Related News Nokia sees weaker times after strong first quarter Thu, Apr 21 2011 Morgan Stanley, MUFG JV to book $1.7 billion loss Thu, Apr 21 2011 Apple crushes forecasts again, iPad backlogged Wed, Apr 20 2011 Dow ends near 3-year high and Apple jumps after earnings Wed, Apr 20 2011 Japan eyes sales tax rise to pay for post-quake rebuild Tue, Apr 19 2011 Analysis & Opinion What goes down, must come up: GE’s latest tax bill Tech wrap: Apple raises the earnings bar Related Topics Technology » Media » Japan » Stocks 1 / 2 An employee (C) walks at a floor of a Yamada Denki electronics retail store selling Nintendo products, in Tokyo January 28, 2010. Credit: Reuters/Toru Hanai OSAKA, Japan | Mon Apr 25, 2011 3:13am EDT OSAKA, Japan (Reuters) - Japan's Nintendo Co Ltd posted its second straight fall in annual profit on Monday, as sales of its aging Wii games console slowed and the March 11 earthquake weighed on Japanese consumer spending. Operating profit fell 52 percent to 171.1 billion yen ($2.09 billion) in the year ended in March from 356.8 billion yen the previous year, below a Thomson Reuters SmartEstimate of 200.8 billion yen. SmartEstimates put more weight on recent forecasts by highly rated analysts. The maker of the DS handheld games device expects operating profit of 175 billion yen for the year to March 2012, compared with a consensus of 215.8 billion yen, based on eight analysts polled by Thomson Reuters I/B/E/S after the March 11 disaster. Nintendo, which competes with Sony Corp and Microsoft, also faces a growing challenge from smartphones and tablets. In a bid to fight back, it launched a glasses-free 3D-capable handheld games device, the 3DS, in late February in Japan and a month later in the United States and Europe. The company also announced that it will release a successor to the Wii in 2012. Nintendo shares closed up 0.9 percent ahead of the earnings report, while the broader market fell 0.1 percent. ($1 = 81.845 Japanese Yen) (Reporting by Isabel Reynolds; Editing by Dhara Ranasinghe and Edmund Klamann) Technology Media Japan Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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