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Nintendo Just Posted Its First Annual Loss

By Dr. Elara Vance | January 01, 0001

Today, Nintendo announced its first annual operating loss in its history as a public company. Sluggish Wii sales and a strong Japanese yen hurt Nintendo—not to mention a rocky rollout for the Nintendo 3DS. The game maker chalked up a US$455.9 million operating loss for the 2011 financial year.(new Image()).src = 'https://capi.connatix.com/tr/si?token=995c4c7d-194f-4077-b0a0-7ad466eb737c&cid=872d12ce-453b-4870-845f-955919887e1b'; cnx.cmd.push(function() { cnx({ playerId: "995c4c7d-194f-4077-b0a0-7ad466eb737c" }).render("79703296e5134c75a2db6e1b64762017"); }); “What went wrong was that sales of the u31.com เข้าสู่ระบบ 3DS didn’t take off as we expected,” Nintendo President Satoru Iwata said (via Bloomberg). “The stronger yen against the euro was also another reason.” The Nintendo 3DS is being sold below cost due to a large pricecut. However, Nintendo stated that the 3DS will cease to be sold below cost sometime later u31 ทางเข้า this financial year, making the handheld even more profitable for the Kyoto-based game company. u31.com เข้าสู่ระบบ Nintendo is also forecasting a profitable April 1, 2012- March 31, 2013 (aka their 2013 fiscal year), thanks to strong 3DS sales and the upcoming Wii U. The game maker is u31 ทางเข้า predicting an operating u31 เข้าสู่ระบบ profit of $429 million for the year starting April 1, 2012. Warm up those money printing presses, Nintendo! (Top photo courtesy u31 เข้าสู่ระบบ of TechReport and Alex Manchester )

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