This is only the second time in company history to have a quarterly loss and both were for the exact same reason.
When did it happen last time? And what are the reasons you're talking about? Just curious. Thanks.
One of the quarters in 2004 or 2005. Forget the exact ones but I'll research the details later.
The reason is the same here, a one time foreign exchange charge. Nintendo technically had a $500 million profit but elected to take a $794 million foreign exchange charge which reduced those profits to a reported loss of $288 million.
Wow the crazy currency fluctuations are hitting hard, I wonder if the 3DS R&D is in there as well, seems like that bad boy would take a good chunk of change to develop
Actually, I bet the R&D was quite inexpensive comapred to what would be expected for a new portable console. Sharp did all the R&D and the manufacturing for the 3D Parallax Barrier screen. And much of the other functions are simply enhanced DS functions. The online features look to be the most costly in terms of R&D expensises.