Thursday, March 05, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Introduces Insurance Shopping Site
U.S. Trade Office Releases Latest Notorious Markets List
MPEG LA Introduces License for DisplayPort
Toshiba Starts Shipping 20-Megapixel CMOS Image Sensor For Mobile Devices
Larger iPad Production Pushed Back For September
Intel Outlines 2015 Gaming News at GDC
HBO, Apple To Launch Video Streaming Service: report
Xbox One wireless controller Adapter Coming To Windows PCs
Active Discussions
Newbie
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
 Home > News > Games > Nintend...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, July 28, 2011
Nintendo Posts Loss, Cuts 3DS Price


Nintendo stayed deep in the red in the latest quarter, forcing the Japanese video game giant to slash prices on its new 3DS handheld device.

Nintendo posted a net loss of 25.5 billion yen ($324 million) in the April-June period, worse than the 25.2 billion yen loss a year earlier. For the fiscal year through March 2012, Nintendo expects net profit of 20 billion yen, down 82 percent from its previous outlook, on sales of 900 billion yen.

The company blamed its lackluster sales on a dearth of hit titles for the Wii and 3DS, as well as a strong yen.

Nintendo decided to drop prices just five months after it launched the 3-D version of its DS handheld device. The 3DS will cost 15,000 yen in Japan starting Aug. 11, down from 25,000 yen. In the U.S., the price drops to $169.99 from $249.99 on Aug. 12.

"Nintendo will be able to create momentum for the Nintendo 3DS and accelerate its market penetration toward the year-end sales season, when the lineup for the applicable software shall be enriched," the company said in a statement.

Nintendo plans to release the "Super Mario 3DLand" and the "Mario Kart 7" 3DS game titles in Nonember and December, respectively.


Previous
Next
Avid Releases Sibelius 7        All News        New IEEE Wireless Standard Offers Networking At Up To 22 Mbps
August Update Brings ESPN to Xbox 360     Games News      Xbox 360 Wireless Headset with Bluetooth and a new Media Remote Available

Get RSS feed Easy Print E-Mail this Message

Related News
Nintendo Cuts Operating Profit Forecast On Slack 3DS Sales
Nintendo To Discontinue The Club Nintendo Rewards Program
Wii U Closes 2014 With Strong Sales
New 3DS XL Launches Next Month In The US
New Nintendo Devices To Use 'free-form' LCDs
Philips and Nintendo Resolve Patent Disputes
Nintendo Introduces New 2DS Designs, Amiibo Subscription Service
Nintendo to Release 'Quality of Life' Device
Nintendo Reports 2Q Profit
Nintendo's Figurines Coming Later This Year
Nintendo's Iwata Recovers From Surgery
Nintendo's Wii Infringes on Philips' Remote Control patent

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .