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Nintendo reports first-ever H1 loss

Discussion in 'General Discussion' started by Julio Franco, Oct 6, 2003.

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  1. Julio Franco TechSpot Editor

    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.
    Julio Franco, Oct 6, 2003
    #1

  2. lalaji Newcomer, in training

    It was bound to happen eventually.
    lalaji, Oct 7, 2003
    #2

  3. SNGX1275 TechSpot Special Forces

    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.
    SNGX1275, Oct 7, 2003
    #3

  4. lalaji Newcomer, in training

    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
    lalaji, Oct 7, 2003
    #4
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