Nintendo cuts annual outlook on forex, weak sales

Japanese game maker Nintendo Co slashed its full-year profit forecast due to a stronger yen and weaker-than-expected sales of its 3DS handheld gaming consoles and software. Nintendo said it now expects 33 billion yen ($293 million) in operating profit for its fiscal year through March instead of a previously expected 50 billion yen. It also cut its net profit forecast to 17 billion yen from an earlier 35 billion yen.