Nintendo Projects First Ever Annual Loss, Misses Half-Year Forecasts
Nintendo on Thursday forecast a 20 billion yen ($264 million) loss for the full fiscal year ending in March 2012, which would mark its first ever annual net loss since it started reported its financials in 1981. In July, the Kyoto-based Mario house originally expected profits of 20 billion yen. Nintendo said the fiscal year earnings forecast revision is due to a “stronger-than-expected yen …
Read more here:
Nintendo Projects First Ever Annual Loss, Misses Half-Year Forecasts