UA To Launch Female-Focused Ads NFLPA Blames League For HGH Impasse HOF Expects Crowd Of 40,000 Panthers, Jaguars To Unveil Upgrades Sources: EverBank, Jags Set For Extension Paul: I'll Sit Out If Sterling Still In Control Johnson Leads In NASCAR TV Exposure TWC, SEC Net Reach Carriage Deal Executive Transactions F1 Race In New Jersey Delayed Again
Upcoming Conferences and Events
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).