Nintendo Reports US$923 Million Loss In The First Half Of This Fiscal Year

Not too long ago, Nintendo was printing money every month after landing two hardware smash hits in a row, the Wii and the DS. But these times are now over, it seems. The company posted their financial report [PDF] for the first six months of their fiscal year (which ends in March 2012) today, and it has registered a loss of US$923 million. To put things into perspective, the minus for the same time frame in last fiscal was just US$26 million, but the number is at least better than the US$1.3 billion The Nikkei yesterday predicted for Nintendo's earnings call. Revenue dropped by 41% to US$2.83 billion.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/AoXG45WaQ1w/

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