Nintendo Predicts First Annual Loss in 30 Years on Yen, 3DS
This article is for subscribers only.
Nintendo Co., the world’s largest maker of video-game machines, forecast its first annual loss in at least 30 years after the yen reached a postwar high and the new 3DS console had weaker-than-expected sales.
The net loss may be 20 billion yen ($264 million) for the year ending in March, compared with a previous projection for a 20 billion-yen profit, Kyoto, Japan-based Nintendo said in a statement yesterday. That compared with the 12.2 billion-yen average profit of 22 analysts’ estimates compiled by Bloomberg.