By Daniel Hunter

Nintendo has halved its full-year profits target, despite quarterly profits rising 50% in the final quarter of 2014.

The Japanese video game giant reported profits of 31.8bn yen ($269m; £177m) in the three months to the end of December, but cut its full-year target to 20bn yen, down from 40bn yen.

And that's not the only cut Nintendo made. It is now expecting to sell 9 million consoles, a cut of 25%, after sales of its 3DS handheld console fell by 40% in the quarter.

Nintendo said sales of the 3DS were strong at the start of the quarter.

"However, as sales of the Nintendo 3DS hardware in the United States and in Europe did not grow sufficiently, the global sales of the Nintendo 3DS family hardware were 7.08 million units."

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