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Nintendo Summer Bonuses is Cut
JUNE 11, 2011 • The Nikkei business daily reported that Nintendo summer bonuses to its employees will be cut by 20% this year as a result of poor performance that culminated in the company’s first annual operating loss of ¥37.3 billion ($470 million). Japanese workers typically receive bonuses in su…..
Nintendo Operating Loss First Ever
APRIL 27, 2012 ● Nintendo Co. Ltd. reported its first ever Nintendo operating loss, ¥37.3 billion ($460 million) for the fiscal year ending March 31. Although its Wii system has been a big hit in recent years past, the move by consumers to embrace smartphones and tablets as mobile game devices has hit the gamemaker’s business. Instead of selling 13 million Wiis Last year as originally expected, Nintendo saw only 9.8 million sold. Similarly, 13.5 million…..
Nintendo Network for Console Platforms
JAN. 30, 2012 • During a financial conference call, Nintendo Co. Ltd. announced it would launch its own console network platform. The new Nintendo Network will support the Nintendo 3DS and the Wii U. Unlike the Nintendo Wi-Fi Connection, which has been focused upon specific functions and concepts, the Nintendo Network will provide a fuller selection of services to consumers including competitions and communication between users, as well as the sales of digit…..
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