The lights are on
The financial news from Nintendo hasn't been great recently, but perhaps things are looking up.
The company posted its first annual loss for the last fiscal year ending this past March 31, with a 36-percent drop in revenue from the previous year due to lower hardware and software sales. In all, Nintendo reported a 37.3 billion yen ($458 million) loss for the year.
Luckily, in a way, this is less of a loss than Nintendo originally forecasted. The company says the down numbers are due to the fact that although 3DS sales are doing better after the price drop, they're still selling the handheld at a loss. Nintendo says that it expects the system to start being profitable this fall, and that, along with the release of the Wii U and some software releases, should bring the company back in the black.
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It might be less of a loss than they predicted, but it's still sad. Hope they make a comeback.
They will stay in the game, no thanks to me though.
It's okay, they still have swimming pools filled with cash left over from the peak of the Wii and DS.
Poor Nintendo. Here's to a strong E3 presentation and subsequent Wii U launch.
well that's sure depressing. I'm sure they'll have no problem getting back up their feet though.
Just the unfortunate reality of the current economy hopefully things get better for everyone soon.
This is what happens when you have crappy games other than 1 or 2 a year and crappy systems with crappy graphics and characters that dont talk. Beep boop beep bop bop. They should at the very least try to compete with Xbox and PS. Nintendo went down hill after super nintendo. Yes I am a troll. Boogety boogety