Retail in Asia

In Trends

Nintendo reports first annual loss as Wii sales suffer

Nintendo, the Japanese game giant, has reported its first annual loss after disappointing sales of its Wii game console and a strong yen hit revenues.

The company reported a net loss of JPY43.2 billion (USD533 million) for the year, compared with net income of JPY77.6b the year before.

The Kyoto-based company had expected losses of JPY65b as the strong yen made exports dearer.

(Source: BBC News )