More terrible news from Japan: Nintendo has posted a $926 million loss for the first half of the fiscal year ending in March 2012. Take a second look at that number. That's 926 million dollars. As in "very close to a billion."
The sheer volume of that amount of cash is staggering. In ones, it would fill a room roughly the size of the one Scrooge McDuck uses to hold his gold. Now imagine simply handing that money over to ... someone. Iwata, perhaps. The point is, you had it and now it's gone. Sucks, right? OK, now you know how Nintendo feels. It gets worse.
While Nintendo regularly loses money in the first half of the fiscal year (that's the period between April and September, approximately) last year it only lost $26 million (a chunk the size of Scrooge's bathroom). This year, then, it lost about $900 million more than last. That's a 3000% percent increase in its decrease, for those who like numbers.
"OK," you might say. "So what? This is Nintendo. It'll make it up over the holidays, like most game companies." And, apart from being a bit pretentiously cavalier about other people's money, you'd be correct. Except, here's the problem with that: Every year for the past 30 years, no matter how much money Nintendo has lost in the first half of the fiscal year, it's shown a profit for the year as a whole. Every year. Except for this one.
Nintendo is now projecting that it will post a total loss of $264 million for the fiscal year, Its first red year since at least 1981. ...
Nintendo's creeping doom: how the company came to misplace $926 million
Originally Posted by resident evil2 nemesis
