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View Full Version : Nintendo Posts 1st Loss ever in its 31 year history.


Raedon
10-04-2003, 10:16 PM
Nintendo posted a $27 million loss.


Japanese video game maker Nintendo Co. Ltd warned Friday that it will post its first-ever loss in the first-half of its fiscal year due to massive foreign exchange losses and slack sales of its GameCube console. The maker of "Pokemon" games now forecasts a group net loss of ¥3 billion, or $27 million, for the fiscal first half, against its May estimate of a net profit of ¥15 billion and a profit of ¥16.5 billion a year earlier.


That may seem bad but the #2 console, the X-Box, and MS's Entertainment biz lost around $924 Million.. so there ya go.. Anyway.. read up on it here

http://money.cnn.com/2003/10/03/news/international/nintendo.reut/index.htm
Sylentwulf
10-04-2003, 10:17 PM
In it's 31 year history? What happened to the other 54 years?

edit - (1918 was a guess, I think that's when they started up?)
Raedon
10-04-2003, 10:19 PM
Well from longer then I have been around :P I mean to say history of being a tradable stock company.. oops
ChuckthePlant
10-04-2003, 11:36 PM
Rats, this is bad news. If they continue to deplete their cash reserves at this rate they will be bankrupt in another 120 years. :D
ubersaurus
10-05-2003, 12:55 AM
In it's 31 year history? What happened to the other 54 years?

edit - (1918 was a guess, I think that's when they started up?)

I think 189-something is when they started up. Not too sure.
Half Japanese
10-05-2003, 01:07 AM
It's times like this I wish I hadn't thrown away my copy of "Game Over." (but it got rained on somehow and was fairly ruined :/)
Kid Fenris
10-05-2003, 01:34 AM
Nintendo's been around since 1889, according to Game Over. That explains the "100 Years of Nintendo" piece they ran in Nintendo Power back in 1989.