Video Game Wars Rage OnIt seems the reports were correct after showing tremendous growth over the past few years video games and console sales are beginning to slide as the global recession is driving down demand. Last night Nintendo (NTDOY) the maker of the popular Wii gaming console reported a 61% drop in profits. Net income came in at 42.3 billion yen ($445 million) missing analysts estimates of 47.5 billion yen. It was the first time since 2006—the launch of the Wii—that sales of the console
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