Nintendo slumps
 

Nintendo has just posted its latest financial earnings report and the former playing card maker posted an operating loss of $49 million for the first quarter of its 2016 financial year.

The slump in reported income is mainly due to the terrible sales of its Wii U console as well as continued disappointing sales for its games titles. Wii U sales declined by half compared to the same time last year. Nintendo only managed to flog 220,000 units this quarter.

Meanwhile the handheld 3DS sold less than a million. Nintendo also sold about 37 million Amiibo figures and 30 million Amiibo cards. Of course most of its problems are someone else's fault apparently this time it was currency fluctuations for all of these disappointing results.

http://fudzilla.com/news/41215-nintendo-slumps