Nintendo's current devices and their sales.
(Credit: Screenshot by Don Reisinger/CNET)
Nintendo's financial troubles just keep coming.
The venerable game maker announced (PDF) today that it generated 84.8 billion yen (about $1.08 billion) in revenue during the three-month period ended June 30, representing a 9.7 percent decline from the 93.9 billion yen it secured in sales during the same period last year. The company was forced to incur a net loss of 17.2 billion yen ($220 million), which, while disconcerting, was actually better than the 25.5 billion yen it lodged last year.
Nintendo's financial position becomes even more concerning when one considers its past performance. During the same period in 2008, Nintendo posted net sales of 423.4 billion yen and a profit of 107.3 billion yen. Now, it's losing boatloads of cash and its sales are about one-fifth of what they were just four years ago.
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