Nintendo Expected to Report £823 Million in Losses

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Nintendo is expected to reveal a pre-tax loss of 100 billion yen (£823 million) tomorrow when it reports its financial results for the first half of the year ended September 30.

Japanese business publication Nikkei said the firm incurred 40 billion yen in foreign exchange losses, mostly against the euro, and that it's likely to post a first half net loss greater than the 35 billion yen previously forecast.

Nintendo shares tumbled as much as 7.5 percent following the news, Reuters reports. Last month, Nintendo boss Satoru Iwata shot down the possibility of the company turning to mobile games development to boost its profits.

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Source: http://www.computerandvideogames.com/323890/nintendo-to-post-pound823-million-loss-report/

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"Nintendo Expected to Report £823 Million in Losses" :: Login/Create an Account :: 4 comments

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aimiami12Posted:

FList they need to drop the wii and get back to real consoles. like a new version of the 64. and market for age groups more than 12 years old.
exactly, 64 was a hit. i think it was a top 5 console for sure

FListPosted:

they need to drop the wii and get back to real consoles. like a new version of the 64. and market for age groups more than 12 years old.

--Skype--Posted:

LOL 3ds fail cant wait to see next quarter results

lisinski269Posted:

with all the new mario games coming out within the next few months they well probably make back the money they lost. besides they have not had that many big releases recently


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