Nintendo reports $350m loss as finances improve

October 24th, 2012, 21:24 Posted By: wraggster

Nintendo has posted a net loss of $350million for the six months ending September 30th in its latest financial results.
Whilst a staggering number, the loss is actually down significantly for the same period last year, in which the console giant reported a loss of $880m.

Net sales of software and hardware were down to $2.5 billion from $2.7 billion in 2011.
Net income and sales also failed to meet expected forecasts set on April 26th earlier this year, with the company’s net loss expected to be cut down to $250 million, a target missed by $100m.
The 3DS sold 5.06m units worldwide by the end of September, whilst Wii hardware sales reached 1.32m for the same period. Lifetime 3DS hardware sales now stand at 22m, with Wii sales at an impressive 97.2m.

http://www.develop-online.net/news/4...nances-improve

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