Nintendo Falls After Cutting Outlook on Wii U Sales: Osaka Mover
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Nintendo Co., the world’s largest maker of video-game machines, plunged the most in seven weeks in Osaka trading after forecasting a second straight operating loss on lower-than-expected sales of its consoles and players.
Nintendo fell 4.6 percent, the most since Dec. 11, to 8,920 yen. The Kyoto, Japan-based company yesterday said it will probably make an operating loss of 20 billion yen ($220 million) in the year ending March 31, compared with an earlier forecast for a profit of 20 billion yen.