{"id":13194,"date":"2011-07-28T12:29:00","date_gmt":"2011-07-28T10:29:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-29T22:00:00","slug":"nintendo-posts-quarterly-net-loss-of-us-327-9-million","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/business\/13194-nintendo-posts-quarterly-net-loss-of-us-327-9-million","title":{"rendered":"Nintendo posts quarterly net loss of US$327.9 million"},"content":{"rendered":"<p>Nintendo on Thursday reported a net loss of 25.5 billion yen ($327.9 million) for the April-June quarter, citing the strong yen, a lack of many hit game titles, and research and marketing expenses.<\/p>\n<p>The Kyoto-based company also cut its forecast for the year to March 2012 and now expects a net profit of 20 billion yen, down 74.2 percent from the previous year, also citing currency factors and a more cautious sales outlook.<\/p>\n<p>The company also decided to slash the price of its 3DS handheld console, which was released in February at a price of 25,000 yen, to 15,000 yen from August 11 in Japan, followed by similar cuts in foreign markets by September.<\/p>\n<p>The lower price aims to create &#8220;momentum&#8221; for the console and &#8220;accelerate its market penetration toward the year-end sales season,&#8221; Nintendo said.<\/p>\n<p><span style=\"font-size: small;\"><a href=\"http:\/\/mygaming.co.za\/forum\/showthread.php\/16074-Nintendo-books-quarterly-net-loss-of-US-327.9-million\" target=\"_self\" title=\"Nintendo posts quarterly net loss of US$327.9 million\"><strong>Nintendo posts quarterly net loss of US$327.9 million<\/strong><\/a> &lt;&lt; Comments and views<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nintendo on Thursday reported a net loss of 25.5 billion yen ($327.9 million) for the April-June quarter.<\/p>\n","protected":false},"author":157,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-13194","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/13194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/157"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=13194"}],"version-history":[{"count":0,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/13194\/revisions"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=13194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=13194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=13194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}