As first reported by Reuters, Nintendo has today cut its full-year profit estimate by 10 percent following the announcement of its figures for the last nine months. Despite recent claims that it had enjoyed a successful holiday shopping season, Nintendo today conceded that it may fall short of its full-year sales targets for the GameCube and the Game Boy Advance.

　　"We are not changing our GameCube sales target, but there is a definite possibility that we might fall short by around 1 million units," said Yoshihiro Mori, Nintendo's senior managing director, at a news conference in Osaka.

　　Nintendo had hoped to sell 6 million GameCube consoles in the business year ending March 31. Today's announcement comes only a day after Sony maintained that it still hopes to ship 20 million PlayStation 2 consoles in the same period. Nintendo has also announced that it might fall 2 million units short of its target to sell 20 million GBA consoles this year, although it has already exceeded its full-year sales target of 60 million units for GBA software with 61.5 million units sold between April and December.

　　Having forecast a net profit of 60 billion yen ($566 million) for the year to March, back in November, Nintendo has today cut that estimate to 54 billion yen ($509 million). It also cut its operating profit estimates by 9 percent to 105 billion yen ($990 million) and sales forecasts by 7 percent to 510 billion yen ($4.8 billion).