Nintendo reports 2.9 Billion yen loss. - http://www.mmcafe.com/ Forums

[an error occurred while processing this directive] Nintendo reports 2.9 Billion yen loss. - http://www.mmcafe.com/ Forums

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OmegaDog

848th Post

Red Carpet Regular Member+

"Nintendo's first loss as public corp, 2.9BYen" , posted Thu 13 Nov 11:20:

Just heard it off CNBC's Open Exchange, and here's a Reuters article on CNN Money article about it:

Nintendo reports a loss of 2.9 Billion Yen, citing slow sales of the Gamecube and a loss on investments due to the rise of the yen. It's the first time since Nintendo went public in 1962 that Nintendo has reported a loss.

"I'll punish you with my burning fist of justice!!" | CCT: NEXT STAGE IS 14 |

[this message was edited by OmegaDog on Thu 13 Nov 11:38]

Replies:

DarkZero

473th Post

Gold Customer

"Re(1):Nintendo's first loss as public corp, 2" , posted Thu 13 Nov 13:53

Sony (SNE: Research, Estimates) and Microsoft responded with their own price cuts this month of about 21 percent and 32 percent respectively. The Japanese maker of "Pokemon" games posted a net loss of ¥2.9 billion, or $26.6 million, for the six months to Sept. 30, compared with a net profit of ¥18.9 billion a year earlier.

So this focuses mainly on Nintendo's past failures and not the GameCube's sudden rally in the last month and a half that left the Xbox in the dust and climbed toward the PS2's falling sales figures. SO nice of CNN to mention that and not let the article become a rallying point for jackasses on GameFAQs, /. Games, and every other low-caliber forum for the next six months.

Thanks for the continuing news though, OD. It's nice to get some solid, continuous data on the console wars, even if this one article out of the many other good ones happened to miss something.

OmegaDog

848th Post

Red Carpet Regular Member+

"Re(2):Nintendo's first loss as public corp, 2" , posted Thu 13 Nov 14:07

It was odd coming across this piece of news from Reuters after the news of Gamecube console sales soaring. It left me wondering what I had missed between then and now.

"I'll punish you with my burning fist of justice!!" | CCT: NEXT STAGE IS 14 |