"Dear everybody, Soz."
As expected, Nintendo is to declare some pretty horrible financial figures with a forecast of "its first annual loss in at least 30 years after the yen strengthened and the company cut the price of its new 3DS console."
Bloomberg reports that, "The net loss may be 20 billion yen ($264 million) for the year ending in March, compared with a previous projection of a 20 billion-yen profit, Kyoto-based Nintendo said in a statement today. That compared with the 12.2 billion-yen average profit of 22 analysts’ estimates compiled by Bloomberg."
The report continues to state that, "Nintendo today also reported a first-half loss of 70.2 billion yen, wider than the 2 billion yen loss a year earlier."
Source: Bloomberg
Bloomberg reports that, "The net loss may be 20 billion yen ($264 million) for the year ending in March, compared with a previous projection of a 20 billion-yen profit, Kyoto-based Nintendo said in a statement today. That compared with the 12.2 billion-yen average profit of 22 analysts’ estimates compiled by Bloomberg."
The report continues to state that, "Nintendo today also reported a first-half loss of 70.2 billion yen, wider than the 2 billion yen loss a year earlier."
Source: Bloomberg
Companies:
Nintendo
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Comments
deleted 28 Oct 2011 16:06
1/1
just a few short years ago Nintendo was on top of the world, DS and Wii sales through the roof and great first party sales of software, and i said back then nintendo get cocky and they have and as such the 3DS has knocked them down a peg or two, i really hope the Wii U isnt another gamecube lesson for them..