Nintendo Expected To Report Huge Losses

By Darryl Kaye on October 26, 2011, 12:56PM EDT
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According to Japanese newspapers, Nintendo are set to report huge losses tomorrow when they give their second quarter report to investors.

The reports indicate the loss will be approximately 100 billion yen, which equates to either $1.3 billion or around £820 million. Nintendo has forecast losses of around 55 billion yen.

Slow sales of the Nintendo 3DS are being mooted as the primary reason for the decline, as well as poor exchange rates for the yen throughout the year.

Source: Reuters

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