Nintendo hit as high yen takes its toll on business

first_img whatsapp KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDirect HealthyKate Silverton’s PartnerDirect Healthythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Thursday 28 October 2010 8:06 pm Share Nintendo hit as high yen takes its toll on business center_img Show Comments ▼ NINTENDO yesterday reported a half-year loss after being hit by falling sales and the high value of the yen, which lowers its overseas earnings.The Japanese computer games firm posted a net loss of 2bn yen (£15.6m) for the six months to 30 September.This compares with a net profit of 69.5bn yen for the same period in 2009.Nintendo’s sales for the first half of its financial year were down 34 per cent to 363.2bn yen, partly due to lower demand for its Wii console.The company did not release a net profit figure for its second quarter to 30 September, however its operating profit more than halved to 30.9bn yen.Nintendo is forecasting that its annual profit will drop to the lowest level in six years, as sales of the Wii console decline for the second year in succession. The firm has also been forced to delay the launch of the new 3D version of its DS hand-held console in the US until March – meaning it will miss out on key Christmas sales.Nintendo’s weak results were in line with market expectations. whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img