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FEATURED VOXPOP danielrbischoff
Peace in the Era of Call of Duty
By danielrbischoff
Posted on 04/15/14
In a world dominated by violent media, Americans are no more eager to go to war than they were in the 1980s or the 1960s or the 1940s. Hasn't it always been someone else's problem? The overwhelming majority would rather go on thinking it had nothing to do with them and there...

GAMING NEWS

Nintendo Shares Plummet 18 Percent In Response To Expected Losses

Posted on Monday, January 20 @ 07:02:29 Eastern by Alex_Osborn


Following last week's news that Nintendo has had to revise its Wii U sales forecast from 9 million all the way down to 2.8 million and its 3DS projections from 18 million to 13.5 million for the 2013 fiscal year, company shares have taken a massive hit, dropping 18.43 percent.

By the end of the financial year, which ends March 31st, Nintendo is anticipating an operating loss of 35 billion yen (approximately $335 million). That's not good and Tokyo investors have responded accordingly.

Nintendo president Satoru Iwata has made it clear he has no intention of resigning, and is looking to change up the way Nintendo does business in the future, going so far as to look to smart devices as a potential avenue.

[BBC]
Tags:   Nintendo, Wii U, 3DS


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