Nintendo Reports First Loss in 30 Years

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Nintendo has announced that it experienced its first yearly loss since it began reporting financial information in 1981. The $534 million loss came on revenue of $8 billion for the year that ended March 31. Sales on the Wii console and DS handheld have slipped, while a "weaker-than-expected yen" helped to mitigate the losses. The increasing popularity of smartphones and tablets have begun to erode the mobile gaming dominance that Nintendo has enjoyed for years. The 3DS handheld had lackluster performance, causing Nintendo to slash the price to the point of taking a loss on every unit sold. The Wii U is the next console expected from Nintendo, which the company hopes will help to improve financials in the coming year.

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scorpain on April 29, 2012 09:56AM Would make sense for them to go into the phones market and boom everything out of porportion with an amazing console/phone rite? reply to this

who_spit_me_guy on April 29, 2012 11:21PM are_you_f_kidding_me.jpg but seriously sounds like a good idea but theres cost and when theres cost there is failure and then there is nintendo. /blame the home grown green + bottle bong reply to this

Munkypoo7 on April 30, 2012 03:34AM Wait! I know what Nintendo needs to do! Release Mario Kart 8 and Pokemon Rainbow with 6924 new pokemon! Keep shooting out those regurges Nintendo! Seriously though, they've been releasing the same content year after year after year, what did they expect? Pokemon, Zelda etc were all great when we were kids and even into our teenage years, but seriously, at this point they're just bastardizing all the titles for money. reply to this

scorpain on April 30, 2012 05:28AM Yeah but nintendo is based really for kids with theire Disney's games, pokemon, mario and zelda content. It's just a shame you couldnt play something like pokemon online with great graphics for PC and less turn based. Now theres a cool game to think about. reply to this

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