Nintendo Posts First Loss in Three Quarters on Yen Gains
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Nintendo Co., the world’s largest maker of video-game machines, posted its first loss in three quarters as the stronger yen eroded overseas earnings and its 3DS handheld player remained unprofitable.
The net loss was 17.23 billion yen ($220 million), the Kyoto, Japan-based company said in a statement today. That compared with the 16.4 billion-yen loss average of three analyst estimates compiled by Bloomberg and a loss of 25.5 billion yen a year earlier. Nintendo kept its full-year forecast for a 20 billion-yen profit.