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Report – Nintendo to post huge first-half losses

Wednesday, 26th October 2011 11:34 GMT By Johnny Cullen

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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8 Comments

  1. Kabby

    Good pic on the main page. Well done.

    Now you’ve changed it :( Sad Mario was much better.

    #1 3 years ago
  2. Deacon

    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..

    #2 3 years ago
  3. daytripper

    havent bothered with them since the snes

    #3 3 years ago
  4. c0re

    Nintendo Must die
    A cancer of game industry

    #4 3 years ago
  5. Len

    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…

    #5 3 years ago
  6. sg1974

    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.

    #6 3 years ago
  7. Clupula

    I second the notion that Nintendo would be best to just become a third party software producer.

    #7 3 years ago
  8. DaMan

    Well, they sold close to 7 million 3ds by now, which is more than DS did in the same period.

    So yeah, cool opinion.

    #8 3 years ago

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