Strong yen plays havoc at Nintendo

NINTENDO stayed deep in the red in the latest quarter, forcing the Japanese video game giant to cut its full-year forecasts and slash prices on its new 3DS handheld device.

By The Newsroom

Published 27th Jul 2011, 23:15 BST

Updated 28th Jul 2011, 23:32 BST

The company blamed its lacklustre sales on a dearth of hit titles for the Wii and 3DS, as well as a strong yen. About 80 per cent of Nintendo's sales are from outside of Japan, making it vulnerable to currency fluctuations.

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