WTVY - International - Headlines

Posted: Wed 2:42 AM, Oct 24, 2012
Reporter: The Associated Press

Nintendo Trims Red Ink, Lowers Forecast For Year

Nintendo Co. trimmed its red ink for the fiscal first half to a 28 billion yen ($350 million) loss but the Japanese game maker lowered its sales and profit forecasts for the full year ahead of the launch of its new Wii U home console.

Nintendo, which did not break down quarterly results, had reported a 70 billion yen loss for the April-September period last year.

Nintendo, the maker of Super Mario and Pokemon games, has been hard hit by the arrival of smartphones and other nifty mobile devices that are luring people away from machines largely devoted to games, such as Nintendo's Wii console and handhelds such as the Nintendo 3DS.

Next Story >
Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

View All Sections

Gray Television, Inc. - Copyright © 2002-2013

Designed by Gray Digital Media