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Nintendo Loses Nearly $1 Billion Dollars

Gaming industry giant Nintendo reports some rather huge losses for the first half of the financial year.

Nintendo is reporting one the biggest financial losses the company has endured today. The gaming company is announcing that its net losses for the first half of the financial year is ¥70.2 billion (which is the equivalent of $924 million U.S. dollars).

Despite the massive loss, Nintendo is confident this will improve next quarter. Exchange rate changes (as well as a lack of games worth buying for any of Nintendo's products) are large contributing factors to these numbers.

You can read Nintendo's official consolidated financial highlights report for more details.


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