Nintendo promises to do Wii U launch right
But Nintendo Co. President Satoru Iwata warned earnings for the fiscal year set to begin April will be the toughest ever for the Japanese manufacturer behind the Super Mario and Pokemon games.
Iwata’s remarks come a day after it lowered its annual earnings forecast to a 65 billion yen ($844 million) loss, much larger than the 20 billion yen ($260 million) loss projected earlier. It posted a 77.62 billion yen profit the previous fiscal year.
Iwata blamed the strong yen, which erases overseas earnings, as well as the arrival of smartphones and other devices that offer gaming.
The higher yen slashed nearly 54 billion yen ($701 million) from the company’s operating profit for the April-December period.
“I can see how the red ink may be perceived as abnormal,” Iwata told analysts and reporters at a Tokyo hotel. “The environment has changed.”
The failure of the 3DS handheld, which offers
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