The New York Times reports that Nintendo is one of the few big companies in Japan not losing money.
This caught my eye while I was searching for gaming news this morning. It’s a report from the New York Times about Nissan, Mazda, Toyota and Mitsubishi all posting losses this year.
Here’s the gaming part:
Over the last two weeks, sharp earnings revisions and job cuts have been announced by nearly all of Japan’s best-known companies, including Toyota, Sony, Hitachi, NEC, Hitachi and Panasonic. Toyota Motor, the world’s largest car manufacturer, on Friday forecast a net loss of 350 billion yen, or $3.8 billion, for the year, its first since 1950.
Honda and Nintendo are among the few companies to still expect a full-year profit, but both sharply downgraded their expectations for the full year.
Makes it all the more amazing that Nintendo is doing so well, right?
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