RPGFan


Nintendo Posts Red Numbers for 1st Half of FY2003/2004
11.13.03 - 3:55 PM

Nintendo has posted a loss of 2.89 billion yen ($26.57 million US) during the first six months of the current fiscal year, the company announced today. Lower-than-expected GameCube sales as well as the strong yen were cited as main reasons for the company's first loss since going public in 1962. Nonetheless, Nintendo expects a net profit of 60 billion yen ($551.62 million US) on sales of 550 billion yen ($5.06 billion US) for the full fiscal year ending on March 31st 2004. Shipment targets for both, GameCube and GameBoy Advance remained unchanged at six and 20 million units respectively. In addition, the Kyoto-based company will debut a new hardware during the 2004 edition of the Electronic Entertainment Expo (E3) in Los Angeles. It remains to be seen whether the mysterious new console will be successor to the GameCube or the best-selling Game Boy Advance (SP) handheld system.


Back
Chris Winkler





Featured Content
Broken Age: Act II Review
Broken Age: Act II
Review
Final Fantasy Type-0 HD PC Review
Final Fantasy Type-0 HD
PC Review
PAX Prime 2015: Eon Altar Hands-On Preview
PAX Prime 2015: Eon Altar
Hands-On Preview
PAX Prime 2015: Shadowrun: Hong Kong Hands-On Preview
PAX Prime 2015: Shadowrun: Hong Kong
Hands-On Preview
Random Encounter Episode 4-2
Retro Encounter 4-2
Podcast
Before the Fall: Final Fantasy XIV OST Review
Before the Fall: Final Fantasy XIV OST
Review
Epanalepsis Review
Epanalepsis
Review
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Random on iTunes
Rhythm Encounter
Rhythm on iTunes