Thursday, October 27, 2011

Nintendo loses nearly $1 billion as Wii sales plummets

Media_httpiicomcomcnw_wrzhc

During the six-month period ended September 30, Nintendo saw its financial performance decline significantly, the company reported in a financial earnings release today.

Nintendo generated 215.7 billion yen ($2.84 billion) in revenue during the six-month period, representing a whopping 40.6 percent decline compared to the same period last year. Even more concerning, Nintendo's net loss hit $926 million, down significantly from the $26 million it lost in the six-month period ended September 30, 2010.

Posted via email from Inspiration

No comments:

Post a Comment