Please support Game Informer. Print magazine subscriptions are less than $2 per issue
Nintendo Posts First Annual Loss
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.
I’d like to ask you to support Game Informer’s continued coverage of games with a subscription. For less than two dollars per issue, we mail you a full year of 10 print magazines, each with cover stories and preview features filled with exclusive details about the most exciting upcoming games. We profile and interview game creators. We look back on the rich history of gaming, and we celebrate what’s next.
Here on the website, we offer much of our content for free, including game reviews, daily news, videos, event coverage, and more – all with minimal ads.
We do so with a small editorial team, alongside contributing paid writers from around the world – over 65 individuals from 9 countries around the world, just in the last couple of years.
It’s not possible without support.
In a time when game makers and games coverage have faced hard struggles and layoffs, the future of this 30+ year magazine and community is at risk. Our new standalone magazine subscription is the number one way you can keep us alive – and we believe you’ll get a pretty fantastic gaming magazine in your mailbox every few weeks for your trouble.
Thank you.
