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Nintendo warns of first ever loss
http://www.euronews.net/ Nintendo says it will post its first ever annual net loss this financial year — of around 188 million euros.
The soaring value of the yen against other currencies and weak software sales led it to cut its earnings forecast for a second time.
The former games industry champion — which created the Super Mario franchise — dominated the industry for years but has now fallen behind competitors.
This year’s failed launch of its 3DS handheld games player forced Nintendo to slash prices, crushing its profit outlook for the year.
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