USSA Agrees To Buy NASTAR Sabres', Oilers' Showcase Rookies Dead Shows Set Soldier Field Records Four Royals To Start MLB All-Star Game Eccelstone Interested In F1 Bid NASCAR Race Marred By Late Start NHL Taking Expansion Bids U.S. Wins Women's World Cup U.S. Fans Abound For WWC Final LeBron Praised For Role In Apatow's "Trainwreck"
SBD/18/Sponsorships Advertising Marketing
NINTENDO REPORTS A DROP IN PROFITS FOR THIRD STRAIGHT YEAR
Published May 18, 1995
Nintendo has reported a drop in profits for the third consecutive year, citing the strength of the Japanese yen and price competition from overseas. Their profit for the FY ended March 31 totaled $1.14B, down from $1.15B from the previous year. Sales declined by more than 24%. Goldman Sachs analyst Naoko Ito said Nintendo will continue to lose revenue as video game users shift from its older machines to more powerful technology (BLOOMBERG BUSINESS NEWS/N.Y. TIMES, 5/18). The company also announced a trial project to supply British Airways with games for passengers to play during flights (Dawkins & Rowsthorn, FINANCIAL TIMES, 5/18).