Arab Today, arab today nintendo falls back into red with 229m annual loss
Last Updated : GMT 20:20:46
Arab Today, arab today
Arab Today, arab today

Nintendo falls back into red with $229m annual loss

Arab Today, arab today

Arab Today, arab today Nintendo falls back into red with $229m annual loss

Tokyo - AFP

Japanese videogame giant Nintendo said Wednesday it logged a $229 million loss for its fiscal year to March as sales of its Wii U console disappointed. The company said its net loss came in at 23.2 billion yen ($229 million) -- reversing a net profit of 7.1 billion yen a year ago -- on sales of 571.7 billion yen, which were down 10.0 percent on the year. Nintendo had previously warned it was on track for an annual loss, reversing an earlier 55 billion yen net profit forecast, as sales for the Wii U came in way below expectations over the crucial holiday sales period. It said it moved 2.72 million Wii U consoles globally over the 12 months through March, less than a third of its earlier prediction for 9.0 million and dealing a blow to hopes it would match the blockbuster success of the original Wii. Sales were "not as high as expected", the firm said, adding that price cuts and slower sales of the console's high-margin software weighed on results. The maker of the Donkey Kong and Pokemon franchises has fallen on hard times in recent years, piling up losses as rivals Sony and Microsoft outpaced it in console sales, while all three companies fight off a trend toward cheap -- or sometimes free -- downloadable games for smartphones and other mobile devices. Nintendo has previously blamed weak earnings partly on high development and marketing costs for the Wii U, which was launched in late 2012, although sales of its 3DS handheld console and related game titles fared better. It cut prices on both consoles to boost sales.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nintendo falls back into red with 229m annual loss Arab Today, arab today nintendo falls back into red with 229m annual loss

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nintendo falls back into red with 229m annual loss Arab Today, arab today nintendo falls back into red with 229m annual loss

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday