Nintendo Reports Quarterly Loss

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NintendoNintendo announced its financial results for its fiscal quarter ended June 30, 2010:
For the quarter, Nintendo reported a net loss of ¥25.216 billion (around $290 million), compared to net income of ¥42.316 billion in the same period the previous year.

Nintendo explained that while it continues to work toward expanding the gaming population, "fewer new software titles contributed to driving hardware sales," reducing overall income. Nintendo was also adversely impacted by appreciation of the Yen combined with lower hardware prices.

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This page contains a single entry by Editor published on July 30, 2010 3:04 PM.

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