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Nintendo reports first-ever H1 loss

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On October 6, 2003, 12:02 PM

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.

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  1. October 7, 2003 9:19 AM
    lalaji said:
    It was bound to happen eventually.
    Reply
  2. October 7, 2003 9:38 AM
    SNGX1275 said:
    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.
    Reply
  3. October 7, 2003 9:35 PM
    lalaji said:
    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
    Reply

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