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Nintendo reports first-ever H1 loss

By Julio Franco
Oct 6, 2003
  1. Japanese videogame maker Nintendo warned on Friday it would post its first-ever interim loss for April-September due to massive foreign exchange losses and slack sales of its GameCube console.

    The videogame veteran attributed its first red ink since going public in 1962 to a 40 billion yen one-off loss on its $5 billion of dollar-denominated assets and weak demand for the GameCube.
     
  2. lalaji

    lalaji TS Rookie Posts: 136

    It was bound to happen eventually.
     
  3. SNGX1275

    SNGX1275 TS Forces Special Posts: 10,723   +408

    Dropping the price of the GameCube may help though, I know personally of 3 people including myself that woudln't buy it at $150 but have/will buy it at cheaper price.
     
  4. lalaji

    lalaji TS Rookie Posts: 136

    Oh im with ya. Im seriously thinking of getting one of those platinum GCs since they are now 100. All i can say is "Ooh shiny!" :D
     
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