Japanese videogames giant Nintendo on Wednesday posted a $97 million quarterly net loss, as higher costs tied to sales of its Wii U console dug into its bottom line as sales weakened. The Kyoto-based company said its net loss for the three months through June came in at 9.92 billion yen ($97.14 million) on sales of 74.70 billion yen, down 8.4 percent from a year earlier The shortfall comes after Nintendo logged its third straight year of losses in the fiscal year ended March, underscoring the challenges faced by the one-time industry titan. On Wednesday, Nintendo said it sold 510,000 Wii U consoles globally in the quarter, well up from 160,000 units in the same quarter last year.
via Gaming News Headlines - Yahoo! News http://ift.tt/1AxthUY
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