Nintendo reports first-ever H1 loss

[Julio Franco]

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.

 

[lalaji]

It was bound to happen eventually.

 

[SNGX1275]

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]

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!"