iBankCoin
Joined Nov 11, 2007
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Nintendo Boosts Guidance on a Weakening Yen

Nintendo (7974) Co., the world’s largest maker of video-game machines, said it expects a full-year operating loss as it cut estimates for sales of its Wii U consoles and 3DS handheld players.

The loss may be 20 billion yen ($220 million) for the year ending March 31, compared with a previous estimate of a 20 billion-yen profit, the Kyoto, Japan-based company said in a statement today. Nintendo cut its full-year forecast for Wii U sales to 4 million units from 5.5 million and its outlook for 3DS players to 15 million units from 17.5 million….”

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