For about six months, Nintendo has been running on losses. The computer game giant had reported, that it had incurred $24 million worth of losses during the past six months. This is mainly due to the high value of yen, which reduced its overseas sales. The company also said that their annual profit will drop to the lowest in past six years. The firm will also lose Christmas sales, as it had delayed Christmas sales.
Thursday, October 28, 2010
Nintendo suffers from losses
For about six months, Nintendo has been running on losses. The computer game giant had reported, that it had incurred $24 million worth of losses during the past six months. This is mainly due to the high value of yen, which reduced its overseas sales. The company also said that their annual profit will drop to the lowest in past six years. The firm will also lose Christmas sales, as it had delayed Christmas sales.
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