Wed, Oct 26, 2011 | 11:51 BST
Report – Nintendo to post huge first-half losses
Japanese newspaper Nikkei is reporting that Nintendo is set to report losses as much as ¥100 billion (£823 million/$1.32 billion) for first-half 2011 as part Q2 financials tomorrow morning.
The company had previous predicted a loss of ¥55 billion (£453 million/$724 million) for the period between April and September of this year.
Share prices in the company dropped 7.5% to ¥10,800 following the report from Nikkei. The paper claimed Nintendo will write down ¥40 billion in foreign exchanges lost against a weakening Euro.
Nintendo, who refused to comment on the paper’s story (via Reuters), cut its full-year operating profit earlier this year to ¥35 billion in the wake of the price-cut given to 3DS in August.
The full Q2 financials will be out tomorrow morning.
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Posted in: Nintendo, nintendo financials
Tags: Nintendo Q2 2011 financials
8 comments
#1
Kabby
26/10/11, 11:49 am
Good pic on the main page. Well done.
Now you’ve changed it
Sad Mario was much better.
#2
Deacon
26/10/11, 12:14 pm
Stop making shit hardware that nobody wants.
The sooner Nintendo go software-only, the better.
The 3DS was just a shite idea from the get-go. And WiiU?? Oh shit, don’t get me started..
#3
daytripper
26/10/11, 12:30 pm
havent bothered with them since the snes
#4
c0re
26/10/11, 3:57 pm
Nintendo Must die
A cancer of game industry
#5
Len
26/10/11, 6:34 pm
I worry for them even with their huge cash reserves.
I bought and sold my 3DS, was great but no software and the Wii-U I just have zero interest in and I’m the long term gaming addict they are supposed to be getting excited.
Was chatting wuith a m8 about this and it feels more and more like Nintendo totally lucked out with the Wii and it’s design, right place right time.
We shall see…
#6
sg1974
26/10/11, 6:56 pm
New colour hardware in 3-2-1…
You see Nintendo, hardware gimmicks burn brightly but burn out quickly. Heading for another depressed decade and the 74th iteration of the same fucking game.
#7
Clupula
29/10/11, 12:16 am
I second the notion that Nintendo would be best to just become a third party software producer.
#8
DaMan
29/10/11, 12:31 am
Well, they sold close to 7 million 3ds by now, which is more than DS did in the same period.
So yeah, cool opinion.