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Game giant Nintendo is feeling the effects of the iPhone, as their latest profit report indicates a 50% decline in profits as its portable Nintendo DS system sales fell quite steeply as it fields new competition from the iPhone and iPod Touch.
The sad statistics: Their 133 billion yen profit last year at this time was cut to 64 billion yen ($709M US Dollars). Strong competition from other platforms, including the iPhone, are mostly to blame. They even name the iPhone in their company press report as