Reuters: Nintendo Reports Unanticipated Loss

by Staff Report 0

Reuters reports that Nintendo Co Ltd said it would report a loss for another year running after the sales of Wii U, successor to the 100-million selling Wii, have failed to meet projections.

Reuters reports that Nintendo Co Ltd said it would report a loss for another year running after the sales of Wii U, successor to the 100-million selling Wii, have failed to meet projections. Nintendo President Satoru Iwata told reporters in Osaka after disclosing the loss forecast that “The sales of Wii U were smooth at the beginning but since the turn of the year they have been losing momentum. Due to delays in software development, we had to postpone sales of software products we had planned to (release) early this year, which is interrupting our sales.”  Read more

 

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