Week in Review

DrStrangelove

New member
Apr 10, 2008
697
0
0
Week in Review

This week we learn that Ubisoft is tapping the untapped gamer market in the Middle East, Nintendo is taking a loss and Satoru Iwata is sorry for the aforementioned loss.




Iwata Apologizes For Ugly Nintendo Financials

Yesterday was not a good day for Nintendo. The company posted a half-year loss of $932 million and revised its full-year forecast down to a $264 million loss, the first time the company has posted a full-year loss since it began making public financial reports in 1981. Today didn't get much better for Iwata, who issued a statement taking responsibility for the company's falling fortunes even as he expressed optimism for the future. (Link [http://www.escapistmagazine.com/news/view/113895-Iwata-Apologizes-For-Ugly-Nintendo-Financials])



Permalink