Tamagotchi Eggs Go Bad
TOKYO - The party is over with Bandai's Tamagotchi, and it's hurting Bandai's bottom line in a big way.
TOKYO - Bandai Co. Ltd. said Thursday that it will post a 16 billion yen special loss for 1998/99 due to operations restructuring. The company also revised its parent net forecast to a loss of 14.5 billion yen (about US$121.4 million) from an expected profit of 3.5 billion yen (about $29 million). This is partly due to losses caused by excessive inventory of unsold Tamagotchi, which can now be found for $10 in US toy stores.
So much for the US virtual-pet craze, eh?
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