Nintendo loses $1.3B in six months, report says

via news.cnet.com

The last six months may have been much worse for Nintendo than the company has previously admitted. According to Japan's Nihon Keizai Shimbun--as related by Reuters, Nintendo will show a fiscal first-half loss of 100 billion yen ($1.3 billion) when it announces its earnings tomorrow.

Earlier this year, the company said it expected to post a loss of 55 billion yen during the six-month period ended September 30. If the Nikkei report is accurate, it would mean that the company has somehow managed to lose almost $1 billion in the past three months alone.

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