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Nikkei: Iwata talks about the Gamepad, Miiverse, & increasing the gaming population

Portugeezer

Member
410 billion yen, so that's about right. According to the current exchange rate, 4.65 billion USD, apparently.

Ok, now that makes sense because I remembered reading they had like $10 billion in reserves a while back, maybe it wasn't very accurate back then but its possible it dropped with 3DS price cut and Wii U development, but never to just $40 million. $4.6 billion would make more sense.
 

Schnozberry

Member
Ok, now that makes sense because I remembered reading they had like $10 billion in reserves a while back, maybe it wasn't very accurate back then but its possible it dropped with 3DS price cut and Wii U development, but never to just $40 million. $4.6 billion would make more sense.

A lot of Nintendo's losses were due to selling a large amount of merchandise in foreign currencies, and having to convert it back into Yen, which has been stronger against the dollar and Euro since the economic downturn of 2007-8. R&D and fewer software releases factor into their bad fiscal year as well.
 
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