Zennie Abraham / Zennie62
tech

Nintendo Pressed to Exit Hardware After Wii U Flop – Bloomberg

BloombergNintendo Co. (7974) is under pressure to consider exiting production of video-game machines after reporting disappointing sales of its Wii U console and forecasting a surprise loss, prompting its stock to tumble. Nintendo, based in Kyoto, Japan, fell 15 …Nintendo needs ‘radical new beginning’ to recover from Y25bn lossFinancial TimesNintendo admits Wii U is a […]

Zennie Abraham / Zennie62
tech

Nintendo Studies New Business Model After Surprise Loss Forecast – San Francisco Chronicle

San Francisco ChronicleJan. 17 (Bloomberg) — Nintendo Co. President Satoru Iwata said the maker of video-game machines is considering a new business model after forecasting a surprise 25 billion-yen ($240 million) annual loss because of tepid demand for its Wii U. Nintendo …Nintendo Chief: ‘We Failed’TIMENintendo slashes earnings outlook to a loss on grim salesFinancial […]