Nintendo posts $900 million Loss

Posted By | On 27th, Oct. 2011 Under News | Follow This Author @KartikMdgl


Earlier we reported that Nintendo was going to post a $1.3 billion loss according to Nikkei analysts. Nintendo had predicted a $600 million loss, but they posted the official figures today and the numbers are well, not as big as expected.

It’s $900 million.

Nintendo put the blame on reduced hardware and software sales along with the exchange price which brought down their profits a lot. 79 per cent of sales for Nintendo were in the US, so the impact of currency fluctuations should have been a lot.

They said that they will post a 20 billion yen loss for the entire year. The 3DS sales have improved after the price drop and they shipped 700k more compared to the last quarter.

Tell us what you think in the comments section below.

Tagged With: , ,

Awesome Stuff that you might be interested in


 

Copyright © 2009-2017 GamingBolt.com. All Rights Reserved.