Nintendo Reports Record Low Revenue
Posted on Wednesday, October 26 @ 10:22:51 Eastern by Daniel Bischoff
With the Wii sinking like a stone into it's now last-gen grave, Nintendo is struggling to keep it's stock prices afloat thanks to lower than expected profits and a killer Yen-exchange rate.
That's the word from Reuters who's reporting that Nintendo Company is expected to report a loss of 100 BILLION Yen ($1.32 Billion) in the first half of this year. That expectation caused stock shares to drop 7.5%.
This is what I don't understand about captalism. A company does exceedingly well, posting billions upon billions of dollars in profit, storing that away in the bank for years of Reasearch and Development, but when those sales slow down, or even stop (because everyone fucking owns what the company is selling), they're punished for it.
Yes, yes, the world turns, but fuck that noise. It'd be a good bet that if you hold on to your stock it'll return to its former glory in short time.
They are releasing new hardware soon, you know.
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