Computerandvideogames.com looks at the balance sheet to find out if Nintendo is really doomed.
The website cited the cause of loss for Big N - sales.
1. Revenue falls big time in the United States.
2. Exchange rates. A well-playing Japanese yen will always mean trouble for Japanese exporting companies. Not just for Nintendo but for Sony, Toshiba, and all Japanese companies who market their product abroad.
While everyone was like saying the company is doomed, investors shoo away, announcing that they want Nintendo to go software or go produced mobile phones. But that is something they will never do.
But why did Computerandvideogames.com boldly stated that Nintendo is doomed? The balance sheet tells exactly how much cash it has left in the bank. You might want to check out their article to find out more.
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