Nintendo lowers forecast from 55 billion yen profit to 25 billion yen loss

[ZyroXZ2]

DanneSandin said:

ZyroXZ2 said:

I'm really not: http://www.gonintendo.com/?mode=viewstory&id=220598

Here's a portion I've copy and pasted from it:

"As for advertising expenses, and research and development expense forecasts, we made revisions to increase them by eight billion yen and 15 billion yen respectively from their forecasts made at the beginning of this fiscal year. We expect advertising expenses to increase due to the effect of the expenses incurred in foreign currencies to be converted into Japanese yen by using weaker yen rates. The estimated increase of research and development expenses is based on reflecting our ongoing enhancement of the development structure, and new research and development activities. These increases contributed to lowered estimated profit forecasts.
"

Edit: I think you're missing my overall point.  I HIGHLY doubt such a MASSIVE turn to losses is just "lower than expected sales".  I think everyone is so quick to jump on the Nintendo-doomed bandwagon that they simply point at low sales and say "see?! Nintendoomed because it's not selling enough!"...

My Gods! Cut the quote tree already!

Sorry, lol :P