An Analysis of Nintendo's 3rd Quarter Financial Briefing

Earlier this week, Nintendo head Satoru Iwata held a press briefing detailing the troubles of the past year and their drop in profitability. It was wordy and a bit dense, but ultimately it's a necessary response to the company having lowered it's earnings forecast from a loss of 20 billion yen to 65 billion yen. They are coming in to this last quarter of the year with $844 million in the red projected to cap it off in March.

Stock holders were obviously a bit worried.

When companies post these earnings shortfalls, changes will need to happen. This is what Iwata tried to explain in 43 power points.

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Stealth2k2512d ago

nintendo is fine

end of analysts

salinidus2512d ago

i found a vid that help explain it gamer terms