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Nintendo posts Q1 loss on strong Yen and lower DS prices |
by Team  Engadget 07.29.2010 09:19 |
Although foreshadowed, it's hard to believe that the once mighty Ninty, a company with unshakable profits even during last year's global economic downturn, just recorded a Q1 net loss of ¥25,22 billion ($288 million) compared to a net profit of ¥42,32 billion during the same 3-month period a year earlier.
See more: http://blodic.us/technology/nintendo-posts-q1-loss-on-strong-yen-and-lower-ds-prices-18-0.htm
Revenues dropped from ¥253,50 billion to ¥188,65 billion.
Lower DS portable gaming machine prices coupled with a strong Yen (86,5 percent of its sales were outside of Japan) helped pull Nintendo into the red.
Regardless, Nintendo continues to forecast a full year net profit of ¥200 billion on revenue of ¥1,4 trillion. We'll see. |
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