Nintendo posts first ever loss - $460 million

[cyberninja45]

pezus said:

cyberninja45 said:

pezus said:

cyberninja45 said:

pezus said:

kumagawa said:

pezus said:

kumagawa said:
This is much worse than I first thought it was.
From
http://www.nintendo.co.jp/ir/pdf/2012/120426e.pdf
Cash as of 31st of March 2011 = $10 billion
Cash as of 31st of March 2012 = $5.6 billion
nearly 50% of Nintendo's cash reserves gone in 1 YEAR.

Who cares, right? Where did you see the cash numbers?

Page 6 of the link provided.

Ah, I see now thanks. Damn, that's a bad drop. Two years on the same path and they'll have nothing, but I'm sure Wii U and 3DS will help them back up.

Geez their cash reserves are like $14b, its on the same page! But its from 17b last year (I think), so yeah its from huge hits on their cash deposits this year. So maybe they are investing in stuff and the yen an' shit
 

You're talking about total assets though, right?

 

No, you look at where it says total assets.

But their total current assests, not their deposits, is what is termed as cash reserve. Otherwise, you know , Sony might cease to exist.

Their deposits is what keeps them out of debt.

 

What are you talking about. We're talking cash here, not cash and other assets.

Yes thats their deposits. Reserves is that plus some other stuff ( I think products etc. out there thats about to make them money anyway).

 

Word search for cash reserves

http://www.thetechblock.com/articles/2012/nintendo-reports-first-ever-annual-loss-blames-rivals-slowing-sales/

http://hexus.net/gaming/news/industry/38497-nintendo-suffers-first-ever-annual-loss/

http://www.cntechnews.info/nintendo-barricaded-hardware-suffered-a-huge-loss-of-much-needed-cross-platform-expansion/