Nintendo slumps to €650m loss

Japanese game-maker Nintendo has reported a worse-than-expected net loss of 70.3 billion yen (€650m) for the six months to September, blaming the strong yen and weak software sales.

The maker of the Wii game console and DS handheld also slashed its forecast for the full year to next March to a 20 billion yen (€182m) net loss, it said in a statement. In July, it had predicted an annual net profit of 20 billion yen.