THE RESULTS: Nintendo Co. sank into a 43.2 billion yen ($533 million) loss for the fiscal year that just ended.
WHAT'S TO BLAME: Weak sales of the Wii home console and the strong yen eroded earnings.
THE CONTEXT: Once the star of video games with franchises like Pokemon and Super Mario, Nintendo has seen its glory fade with the advent of smartphones that are wooing away casual gamers. The company is looking for a turnaround on the back of the upgrade to its Wii called "Wii U" this year.
Source & Image : Yahoo
No comments:
Post a Comment