Unfavorable exchange rates and a contracting DS business slugged Nintendo’s balance sheet during its fiscal first quarter ended June 30, and the company today reported a 25.2 billion-yen ($288.4 million) loss — in the same period last year, it saw a 42.3 billion-yen ($483.7 million) profit. Sales slipped over 25 percent year over year to 188.6 billion yen ($2.16 billion). Although Nintendo pointed to the hardware discounting in Japan and Europe and the strong yen, …

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Declining DS Biz, Strong Yen Carve $288.4 Million Q1 Loss For Nintendo