LOSING MONEY: Nintendo Co. reports a loss of 48.35 billion yen ($627.9 million) in the April-December period — a reversal from a 49.56 billion yen profit a year earlier.
REASONS: A price cut for its 3DS handheld, a strong yen that erodes overseas earnings and competition from mobile devices such as the iPhone.
PREDICTIONS: Nintendo says it now expects to sell far fewer 3DS machines, which feature three-dimensional images. It forecasts sales of 14 million machines for the fiscal year, which ends in March, down from an earlier 16 million. That’s despite a price cut in August.