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Nintendo Reports Its First Operating Loss

Nintendo will report on Thursday its first operating loss, after estimating a 45 billion yen deficit for the business year just ended, reports Reuters. David Gibson, an analyst for Macquarie in Tokyo, speculates that the company, which began in 1889 and suceeded with its hit Wii line, has "been beaten by smartphones and tablets."

Tags: gaming
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1 comment about "Nintendo Reports Its First Operating Loss".
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  1. Sean Grace from Strategic Franchising, April 26, 2012 at 9:05 a.m.

    1889? Wow! That's an old electronics company!