Nintendo Posts £184 Million Q1 Loss
Written by First RSS bot    Thursday, 29 July 2010 09:30   
Nintendo Posts £184 Million Q1 Loss

Nintendo has posted a loss of 25.2 billion yen ($288.4m / £184.3m) for its fiscal first quarter ended June 30, compared to a profit of 42.3 billion yen a year earlier.

Sales fell 25.6 per cent year-over-year to 188.6 billion yen ($2.16b / £1.4b), while operating income declined 42.2 per cent to 23.3 billion yen ($266.5m / £171m).

“Appreciation of the yen and the lowering of the price of Nintendo DS hardware in Japan and Europe adversely impacted net sales and operating income,” the company said in a statement.

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