Nintendo Co., which is the world’s largest manufacturer of video-game machines, foretells its first annual loss in at least 30 years following the yen got to a postwar high and the latest 3DS console showed a much lo sales figure. The net loss will be perhaps 20 billion yen ($264 million) for the year ending in March, in relation to an earlier projection for a 20 billion-yen profit, Kyoto, Japan-based Nintendo declared yesterday. That compared with the 12.2 billion-yen average profit of 22 analysts’ approximations compiled by reporters.
Nintendo, which receives around 80 percent of its profits from the Americas and Europe, is expecting lower profit following the yen achieved against the dollar and rushed to a decade high against the euro, trimming the repatriated worth of overseas sales. President Satoru
Iwata slashed the price of the 3DS by 40 percent in August as gamers were more inclined to Apple Inc. (AAPL)’s iPhone and iPad, and Facebook Inc.’s website.