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Nintendo Announces Net Loss, New Prices

Posted by simoniker on from the not-such-a-big-deal? dept.

Daetrin writes "As reported by CNN/Reuters, Nintendo announced that they expect a net loss for the first half of the financial year, from April through September. Nintendo claims this is mainly due to exchange rates, as the yen has appreciated against foreign currencies during that period. This is reported as the first loss for Nintendo since its establishment. The projection for the full fiscal year was reduced to a [still significant] net profit of about $542 million U.S. Nintendo also announced further price cuts in other territories to follow the cut to $99 in the U.S.: 'Beginning on October 10, the console will have a suggested retail price of 79 pounds (approximately $131.8 U.S.) in Britain, and 99 euros (approximately $115.4 U.S.) in continental Europe. The new price of the GameCube in Japan is now 14,000 yen (approximately $126.5 U.S.)'"

2 of 53 comments (clear)

  1. Because Nintendo is back by Anonymous Coward · · Score: 4, Funny

    Nintendo will be back in the black

    They hit the sack. It has been too long; they are glad to be back. Yes, they are dead loose from the noose that has kept them hanging around. They are just living on the side because it is getting them high. Forget the hearse because they never die. They have nine lives (cat's eyes). Each and every one of them is wondering why. Because they are back.

  2. But not only that by Anonymous Coward · · Score: 4, Funny

    Because they are back.

    But an important thing to keep in mind is that they are back once again with the renegade master. Deep thought damager, power to the people. Back once again with the renegade master.

    Deep thought damager with the ill behavior. Back with the equal. Power to the equal.

    The importance of this cannot be underestimated.