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Businesses

Submission + - Nintendo Hurt By New Rivals (nytimes.com)

bonch writes: For the first time ever, Nintendo has announced an annual operating loss of $460.9 million. Analysts cite shifting trends toward smartphone gaming and the rise of foes like Apple, insisting that Nintendo will be forced to expand to rival hardware platforms. However, Nintendo CEO Satoru Iwata blamed European economic conditions for the loss and offered no change in plans for the Wii U, due in the 2012 holiday season.
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Nintendo Hurt By New Rivals

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