This young lady was obviously shocked by the news
Nintendo yesterday announced that it has cut its profit estimates for the financial year ending March 31, not due to a lack in sales, but due to a surging yen reducing income from Western territories.
The Japanese giant slashed its net profit estimates from 54 billion yen to 33 billion yen (£171 million) but group sales estimates remained unchanged.
Nintendo loyalists shouldn't get their knickers in a twist just yet. It's a bump in the tarmac that most companies exporting goods overseas have to deal with at some point.
Last year Nintendo posted a net profit of 67 billion yen - that's nearly £350 million sterling. Not too shabby!
The Japanese giant slashed its net profit estimates from 54 billion yen to 33 billion yen (£171 million) but group sales estimates remained unchanged.
Nintendo loyalists shouldn't get their knickers in a twist just yet. It's a bump in the tarmac that most companies exporting goods overseas have to deal with at some point.
Last year Nintendo posted a net profit of 67 billion yen - that's nearly £350 million sterling. Not too shabby!
Companies:
Nintendo
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Comments
QuaiD 2 Apr 2004 17:46
1/1
"Uh oh, they're in trouble. Someones come along and burst their Bubble Bobble"