Nintendo confirms company losses round to nearly $1 billion

By on October 27, 2011

Almost as bad as predicted.

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Nintendo has just confirmed that its income net for this year’s period of April-September confronted a massive loss of 70.2 billion yen – that’s $926.3 million.

Japanese publication Nikkei predicted earlier the gaming giant’s loss could be as high as 100 billion yen. Although it’s not as accurate as Nintendo’s announced figure, still it’s close enough.

Nintendo suggested the loss is mostly due to “a smaller number of hit titles, and significant decrease in software and hardware sales compared to the same period of last year. The company also blamed the crippling currency conversion from US dollar to “a much stronger yen”.


Other than his excessively biased enthusiasm toward gaming, and technology behind the whole industry, there's a huge fondness inside that drives him nuts to pick up his keyboard and start writing for the love of it.

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