Nintendo (NTDOY.PK) reports an FQ1 loss of $328M, accompanied by a 50.2% Y/Y revenue drop. The...

|About: Nintendo Co., Ltd. ADR (NTDOY)|By:, SA News Editor

Nintendo (NTDOY.PK) reports an FQ1 loss of $328M, accompanied by a 50.2% Y/Y revenue drop. The company was hit by weak hardware/software sales for the Wii and DS, and a slow start for the 3DS, for which Nintendo is slashing prices. The 3DS' weak sales will add to fears of the handheld console market being hurt by smartphone-based gaming.