Due to slumping sales and a huge hit in foreign exchange, Nintendo has posted its largest Q1 loss since 2011.
Nintendo Financials headlines
Nintendo has said it hopes to sell 5.5 million Wii U consoles and 24 million units of software for the new console by March 31.
Nintendo detailed hardware units sales for the European and US markets in its first-half investor briefing this week, noting that PS3 has been the best-selling console in Europe for most of 2011. In the US, 360 is still king.
Nintendo may be on the verge of warning of a drop in profits and revenue for the first time in six years, according to this Bloomberg piece. Net income will probably fall 11 percent to 249.3 billion yen ($2.7 billion) this fiscal year, the first drop since the 12 months ended March 2004, according to […]
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