The net loss was 25.2 billion yen ($289 million) in the three months ended June, compared with a 42.3 billion yen profit a year earlier, the Kyoto-based company said today. The game maker said it booked a foreign currency-related one-time loss of 70.5 billion yen.More info at Bloomberg.
Nintendo, which saw DS sales plunge 33 percent in the U.S. last month, said a lack of new game titles hurt revenue as it kept its outlook for annual profit to drop to the lowest in four years. President Satoru Iwata plans to introduce a 3-D model of the DS and a heart-rate-tracking “Vitality Sensor” accessory for the Wii console this fiscal year to revive earnings growth.
Nintendo sees first quarterly loss in more than two years
Posted on Thursday, July 29 2010 @ 20:34 CEST by Thomas De Maesschalck