Nintendo's net loss widens because of the stronger yen

3DS handheld game player The 3DS, a cross between a handheld and a tablet device, has not been a smash hit

Related Stories

Japanese gaming giant Nintendo said its half-year loss widened due to lower software sales and a stronger yen.

The gaming group made a net loss of 70.3bn yen ($925m; £579m) in the six months to September, from a loss of 2bn yen in the same period last year.

Nintendo, which makes 80% of its sales abroad, has been hurt by the sharp rise in the value of the yen.

The firm has also been hit by weak sales of its 3DS handheld game player, of which it sold 3 million units.

Nintendo has had to cut the price of the 3DS sharply in Japan and the US.

The firm had net sales of 215.7bn yen in the six months, down from 363bn yen in the same period last year.

For the year to April 2012, Nintendo now forecasts 790bn yen in sales, down from its previous forecast of 900bn.

It had expected to make a net profit of 20bn yen, but now expects a net loss of the same amount.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features & Analysis

  • Stained glass of man with swordFrance 1 England 0

    The most important battle you have probably never heard of


  • Golden retriever10 things

    Dogs get jealous, and nine more nuggets from the week's news


  • Pro-Israel demonstrators shout slogans while protesting in Berlin - 25 July 2014Holocaust guilt

    Gaza conflict leaves Germans confused over who to support


  • The emir of Kuwait Sheikh Sabah al-Ahmad al-Jaber al-SabahFreedoms fear

    Growing concern for rights as Kuwait revokes citizenships


Elsewhere on the BBC

  • CastleRoyal real estate

    No longer reserved for kings and queens, some find living in a castle simply divine

Programmes

  • Leader of Hamas Khaled MeshaalHARDtalk Watch

    BBC exclusive: Hamas leader on the eagerness to end bloodshed in Gaza

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.