Earlier this month, Nintendo released its third quarter financial results for the current fiscal year, revealing that it earned around $241 million in profits for the quarter. Despite this performance, Nintendo held fast when it came to its net profit forecasts for the entire year, choosing to remain with the ¥35 billion estimate it developed in May 2015. Things have changed, however, and Nintendo has chosen to slash this forecast by a whopping 51%, bringing the estimate down to ¥17 billion (around $148 million at an assumed exchange rate of ¥115/dollar). This change was brought about by the yen’s appreciation with foreign currencies as well as slow sales over the last quarters. Nintendo has also cut 3DS hardware and software sales forecasts by 13% and 16% respectively.