Japan\\\'s Nintendo shares plunge more than 6.0pc

TOKYO, July 31 (AFP): Shares in Nintendo fell more than six per cent on Thursday after the Japanese videogame giant announced it was still mired in the red. Nintendo closed down 6.49 per cent at 11,525.0 yen on the Tokyo exchange.
The company said late Wednesday that it suffered a $97 million quarterly net loss, with higher costs tied to sales of its Wii U console digging into its bottom line while sales weakened. The shortfall comes after the maker of the Super Mario and Pokemon franchises logged its third straight year of operating losses, underscoring the challenges faced by the one-time industry titan.
Nintendo has fallen on hard times in recent years, piling up losses as rivals Sony and Microsoft outpaced it in console sales.