Tokyo – Nintendo cited a strong yen and weak foreign sales
for a loss of $24.6 million during the first half of its fiscal year, compared
with a profit of $857,000 a year ago.
The company’s operating profit for the
period dropped 48%, to $644 million, while revenue was down 34% to $4.48
billion.
Nintendo said that the strength of the yen cut its operating profit by
$185 million, and its revenue by $347 million.
During the first half of
Nintendo’s fiscal year — which ran April-September — the company sold 4.97 million
Wii consoles, down 14% from a year ago, and 6.69 million DS handheld systems, a
decline of 43%.
The company
recently said its anticipated 3DS handheld game system would miss the key
holiday shopping season, pushing its release back into early 2011.
Related Links:
http://tinyurl.com/2ab9wzj
(WSJ)
http://tinyurl.com/2fu3d6x
(Bloomberg)
