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Nintendo shares plunge 18% on loss warning

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Nintendo shares plunge 18% on loss warning

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paulzolo

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Nintendo shares plunge 18% on loss warning


	Quote: Shares of Japan's Nintendo plunged as much as 18% on Monday after the gaming giant issued a profits warning. On Friday, Nintendo said it expects to make an operating loss of 35bn yen ($335m; £205m) for the financial year ending 31 March 2014. It had initially forecast an operating profit of 100bn yen for the period.

http://www.bbc.co.uk/news/business-25805136

The article goes on to forecast that Nintendo will be making Mario games for mobile platforms other than its own.

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Tue Jan 21, 2014 9:34 am

Amnesia10

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Re: Nintendo shares plunge 18% on loss warning

I fully expect a lot more companies to report losses over the next few years as margin compression wipes out billions from the value of companies. They are near the end of the product cycle for the wii so need to come up with a new console.

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Tue Jan 21, 2014 3:41 pm

paulzolo

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Re: Nintendo shares plunge 18% on loss warning


	Amnesia10 wrote: I fully expect a lot more companies to report losses over the next few years as margin compression wipes out billions from the value of companies. They are near the end of the product cycle for the wii so need to come up with a new console.

I thought the Wii U was a new console.

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Wed Jan 22, 2014 11:27 am

Amnesia10

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Re: Nintendo shares plunge 18% on loss warning

paulzolo wrote:


	Amnesia10 wrote: I fully expect a lot more companies to report losses over the next few years as margin compression wipes out billions from the value of companies. They are near the end of the product cycle for the wii so need to come up with a new console.

I thought the Wii U was a new console.

I thought it was an add-on for the Wii?

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Wed Jan 22, 2014 8:58 pm

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