Personally, I think Nintendo will have bigger problems down the road than they realize at this point. Then again, I am a Sony guy!

Japanese game console firm Nintendo has warned that earnings this year will suffer amid strong competition.

However, profits rose in the year to 31 March with net income doubling to 87.42bn yen ($810m; £443m).

Demand for Nintendo’s GameCube console and related software is suffering as Sony and Microsoft launch new versions of their Playstation and Xbox products.

Nintendo will have to rely more on sales of handheld players until it puts out its Revolution console next year. [Read the rest]