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Nintendo confirms it will have first yearly loss, ever

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DVDBack23 @ Oct 27, 2011 20:14 | 6 comments

Nintendo has confirmed today that it will see its first ever annual net loss, mainly due to a strong yen and weak sales of their software and hardware.

Because the yen continues to strengthen against the USD and the euro, Nintendo has been forced to reduce its earnings.

Additionally, the failed 3DS handheld has caused losses as Nintendo was forced to slash the price of the device just months after launch.

Nintendo will see a loss of 20 billion yen ($258 million) for the quarter. Last year the company had a 30 billion yen gain.

Finally, Nintendo chopped its forecast for 3DS sales down 30 percent to 50 million in its first year of availability.

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Comments

Comment by: Hyasuma (Oct 27, 2011 20:43)

thats what you get for coming out more than one handheld devices less than a year

Comment by: fandr78 (Oct 28, 2011 00:51)

That's true but they should just stop making these all together.

Franco

Comment by: TrinUK (Oct 28, 2011 09:50)

Originally posted by fandr78:
That's true but they should just stop making these all together.

I agree, they should quit the 3Ds - its dead for sure. I might get one if the price drops to £80 - £90

Trin - Making Digital Waves

Comment by: Notcow (Oct 28, 2011 19:42)

I wish Nintendo would get on its feet again...I would love to see a next-gen graphics console from Nintendo, and it's not looking like that's gonna happen with this "WiiU". They need to take a hint and start investing in graphics and innovative, non-gimmicky game-play...would be a shame to see a great historic company like Nintendo fail in the face of Sony and Microsoft just due to lack of vision.

Comment by: Xplorer4 (Oct 28, 2011 20:22)

Originally posted by fandr78:
That's true but they should just stop making these all together.

Why? Perhaps I am mistaken but I believe the Nintendo DS was over all successful. Just because you have one hand-held that fails, doesn't mean stop making them all together.

Originally posted by Notcow:
I wish Nintendo would get on its feet again...I would love to see a next-gen graphics console from Nintendo, and it's not looking like that's gonna happen with this "WiiU". They need to take a hint and start investing in graphics and innovative, non-gimmicky game-play...would be a shame to see a great historic company like Nintendo fail in the face of Sony and Microsoft just due to lack of vision.

Well keep in mind the Wii was the dominant market leader. If the WiiU can do the same, then they have a hit on there hands. No need for next-gen yet, but of course it wouldn't hurt. If it gets priced right they could do well.

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Comment by: Hyasuma (Oct 29, 2011 05:02)

Originally posted by Xplorer4:

Originally posted by fandr78:
That's true but they should just stop making these all together.

Why? Perhaps I am mistaken but I believe the Nintendo DS was over all successful. Just because you have one hand-held that fails, doesn't mean stop making them all together.

Originally posted by Notcow:
I wish Nintendo would get on its feet again...I would love to see a next-gen graphics console from Nintendo, and it's not looking like that's gonna happen with this "WiiU". They need to take a hint and start investing in graphics and innovative, non-gimmicky game-play...would be a shame to see a great historic company like Nintendo fail in the face of Sony and Microsoft just due to lack of vision.

Well keep in mind the Wii was the dominant market leader. If the WiiU can do the same, then they have a hit on there hands. No need for next-gen yet, but of course it wouldn't hurt. If it gets priced right they could do well.

i would believe they would stop losing money if they didn't come out with the handheld every other 6 months or so. DS DSI, DXL, 3d and whatever they had, I might get these named wrong, since I dont even own one anymore