Thursday October 27, 2011

Nintendo Loses Nearly $1B As Wii Sales Plummet

Nintendo reporting loses of almost $1 billion? Wow, the Xbox 360 has been eating everyone's lunch for the last nine months straight but I didn't know it was this bad at Nintendo. eek!

Nintendo generated 215.7 billion yen ($2.84 billion) in revenue during the six-month period, representing a whopping 40.6 percent decline compared to the same period last year. Even more concerning, Nintendo's net loss hit $926 million, down significantly from the $26 million it lost in the six-month period ended September 30, 2010.