Nintendo reports operating loss of $132M as Wii sales drop off a cliff
Rivals Microsoft and Sony have been gaining share for a while. The company is experiencing the Osborne effect, in which sales of its current generation console are dropping because it has announced its next-generation machine. Nintendo reported Wii sales of 710,000 in the quarter, down from 1.56 million units a year earlier. The handheld 3DS sold 1.86 million units, an increase from 710,000 a year earlier. The older DS sold 540,000 units compared to 1.44 million a year ago.
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