Nintendo has endured an extremely difficult six months.
The game company lost 2.01 billion yen, or about $24.6 million, during the six months ended on September 30. During the same period last year, it generated a profit of about of about 69.5 billion yen. Revenue for the six-month period just ended was over 363 billion yen, representing a steep decline from the 548 billion yen revenue Nintendo posted during the same period in 2009.
Although sales are slumping, Nintendo said that a key reason for the steep decline in its financials can be attributed to the strength … Read more