Nintendo reported its first quarterly loss in two years amid sluggish consumer demand and the effects of the rising yen.
For the first quarter, ended June 30, the gaming company took a net loss of 25.2 billion yen ($289 million), compared with a profit of 42.3 billion yen in the year-ago quarter. Sales dove 25.6 percent to 188.6 billion yen versus 253.4 billion yen in the prior year's first quarter.
Nintendo attributed the downfall to a variety of a factors.
For the quarter, the company sold only 3.15 million units of its DS … Read more