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Nintendo reports first-ever H1 loss
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#1
10-06-2003
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Nintendo reports first-ever H1 loss
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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#2
10-07-2003
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It was bound to happen eventually.
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#3
10-07-2003
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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.
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