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Nintendo Revenue Plummets, Posts Annual Loss for the First Time Nintendo Revenue Plummets, Posts Annual Loss for the First Time
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Nintendo Revenue Plummets, Posts Annual Loss for the First Time
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Old 26th April 2012, 17:51   #1
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Default Nintendo Revenue Plummets, Posts Annual Loss for the First Time

Nintendo posted its first-ever annual loss today after a year of struggling with poor Wii and 3DS sales.

For the fiscal year ended March 31, Nintendo reported a net loss of 43.2 billion yen ($532.5 million USD) compared to the prior year, which generated a profit of 77.6 billion yen ($958.9 million USD).

Nintendo also took a 36.2 percent hit to its revenue compared to the year before. The most recent fiscal year ended with $647.6 billion yen ($8 billion USD) in revenue while the company managed to generate over 1 trillion yen the year ending March 31, 2011.

http://www.dailytech.com/Nintendo+Re...ticle24556.htm
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