Nintendo Announces Financials
by Billy Berghammer - 9:10 am EST
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Source: Reuters
Due to the high yen and lack of demand for consoles, Nintendo’s profits fall from last year.
Nintendo revealed it’s financials today, which were lower due to high yen, and weak demand for consoles.
Nintendo’s profits fell 44.8%, and they lost 29 billion yen ($236.4 million) in losses on foreign currency assets.
Operating profit shrank 45.5% due to the GameCube price cut in the US and Japan, Senior Managing Director Yoshihiro Mori announced in a news conference.
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