Nintendo falls back into red with $229m annual loss

GMT 08:42 2014 Wednesday ,07 May

Arab Today, arab today Nintendo falls back into red with $229m annual loss

Arab Today

Japanese videogames giant Nintendo said Wednesday it logged a $229 million loss for its fiscal year to March as sales of its Wii U console faltered. The company said its net loss came in at 23.2 billion yen ($229 million) -- reversing a net profit of 7.1 billion yen a year ago -- on sales of 571.7 billion yen, which were down 10.0 percent on the year.

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