Thursday, April 26, 2012

Nintendo sinks into loss on weak sales

In this Tuesday, April 24, 2012 photo, school girls walk past a Nintendo 3DS advertisement poster in Tokyo. Nintendo Co. said Thursday, April 26, it sank into a 43.2 billion yen ($533 million) loss for the fiscal year just ended as weak sales of the Wii home console and the strong yen eroded earnings. Kyoto-based Nintendo, once the star of video games with franchises like Pokemon and Super Mario, has seen its glory fade with the advent of smartphones that are wooing away casual gamers. (AP Photo/Koji Sasahara)Nintendo Co. sank into a 43.2 billion yen ($533 million) loss for the fiscal year just ended as weak sales of the Wii home console and the strong yen eroded earnings.


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