News tagged with game console

Nintendo posts first annual loss

Japanese videogame giant Nintendo on Thursday posted its first annual loss since becoming a public company, blaming a soaring yen and price cuts on its consoles for sinking it $530 million into the red.

dateApr 26, 2012 in Business
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Sony to axe 10,000 jobs worldwide: report

Sony will cut 10,000 jobs worldwide this year as it attempts to carry out sweeping reforms aimed at reviving the iconic but loss-making Japanese electronics giant, the Nikkei business daily said Monday.

dateApr 09, 2012 in Business
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