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Nintendo reports first-ever H1 loss

Julio
10-06-2003, 01:02 PM
Japanese videogame maker Nintendo warned on Friday it would post its first-ever interim loss (http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=3552710) 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.

lalaji
10-07-2003, 10:19 AM
It was bound to happen eventually.

Ad
10-07-2003, 10:19 AM

SNGX1275
10-07-2003, 10:38 AM
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.

lalaji
10-07-2003, 10:35 PM
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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