Wii U drags Nintendo into $97 million Q1 loss

%name Wii U drags Nintendo into $97 million Q1 loss by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley

Nintendo’s struggles continued in the first quarter of fiscal 2015, as relatively poor Wii U sales and high costs resulted in yet another loss for the struggling video game giant. Nintendo on Wednesday reported a June-quarter loss of 9.92 billion yen, or $97.3 million, compared to an 8.6 billion yen profit in the same quarter last year. Revenue totalled 74.7 billion yen, or roughly $732.3 million, in the quarter, which represents an 8% decline from the year-ago quarter.

Read more here: Boy Genius Report

Posted in Mobile.