Nintendo reports $24.7 million half-year loss

Nintendo reports $24.7 million half-year loss

Nintendo has suffered its first half-year loss in revenue in seven years, reporting a $24.7 million loss after its sales fell by 34 percent. The loss in sales for this half-fiscal year was caused by two main factors – the lower demand of the Wii console (since just about everyone now owns one) and the recent rise in ¬†popularity of Apple’s iPod Touch.

The prospect of sales increasing at the end of Nintendo’s fiscal year is not great. In fact, Wii sales are predicted to fall even further. Nintendo shares have fallen 0.7 percent.

Nintendo of America’s president stated that he saw the iPod Touch to be a larger threat than Microsoft’s improved Xbox 360 model, or the Playstation 3; and the delay of the 3DS handheld to some time in 2011 is not helping the company’s recovery.


Article from Gamersyndrome.com

Share

Related posts:

  1. XBL Having EA Half-Off Sale
  2. No Half Life 2: Episode Three until 2011?
  3. Last Chance to Buy Summer Of Arcade Titles Half Price
  4. Obscure “Freeman” Picture Emerges, Half-Life 3 Confirmed?
  5. Half-Life 2 Played on Project Natal: Leaked Footage
Game advertisements by <a href="http://www.game-advertising-online.com" target="_blank">Game Advertising Online</a> require iframes.

About the Author

avatar I'm an Australian freelance video game writer trying to find my place in the cosmos. Also, in the world of video game journalism. You can follow me on the twit-machine: http://twitter.com/#!/SteveRosenburg Or you can not. I won't know the difference.