If you read the "Short But Sweet News" section on the right of the blog, you might have noticed that Nintendo was expected to have a total loss of ¥100 billion ($1.31 billion) for half the year of 2011. Today Nintendo found out that it was more than expected.
The actual number of money lost this year was ¥107 billion. That's not even the worse of it though, Nintendo is predicting another ¥20 billion for the fiscal year, which ends in March 2012. The reason to this much loss of money is due to the exchange rate changing according to Nintendo.
The exchange rate isn't the only reason why Nintendo is doing bad, it is also do to a lack of hardware sales, which is honestly no surprise there considering how bad the 3DS sold. Even the price cut for the 3DS didn't help much, it did improve sales, but it wasn't enough unfortunately.
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