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Nintendo faces billion dollar loss

Nintendo’s US$925 million losses are staggering, with the Kyoto videogame company blaming a lack of stellar titles and an ever-climbing Yen. For Nintendo, this is a full-year loss and for any other company would surely be a nail in its coffin.

Nintendo issued a statement preceding the sales report. “Profits suffered due to re-evaluation of assets in foreign currencies, exchange losses totalling 52.4-billion yen (US$711 million) occurred”.

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