Home > Video Games > Nintendo revises its forecast from a profit to a loss for its fiscal year ending March 31st, 2014.

Nintendo revises its forecast from a profit to a loss for its fiscal year ending March 31st, 2014.

January 16, 2014

Nintendo just announced that their estimated full year sales have been adjusted from 920 billion yen or $8.81 billion in U.S. currency to 590 billion yen or $5.65 billion. Furthermore, they originally expected a net income of 55 billion yen or $530 million and now expect a loss of 25 billion yen or $240 million.

Satoru Iwata stated that he will not be stepping down as Nintendo’s president and that they will be evaluating their business strategy. Here’s to more as it develops and hopefully a better year for Nintendo in 2014 than they had last year.

No TweetBacks yet. (Be the first to Tweet this post)

Previous post:

Next post: