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Published on April 26th, 2012 | by Cryss

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Nintendo Record First Annual Loss… Ever

It’s been a tough year for the games industry and Nintendo have fared no better, posting a staggering loss of ¥37,320m loss for the year ending on 31st March 2012. Whilst this was lower than the ¥65,000m predicted, it’s still a large blow for the company. This is Nintendo’s first non-profit year, with blame resting on sluggish results for the Wii totaling only 9.84 million console sales (even after the Wii price drop) and a complete saturation of the DS market (with 5.1 million consoles sold out of 151 million DS consoles total). Nintendo are forecasting an operating profit of ¥35 billion with sales of ¥820 billion for the next year with strong support from the 3DS and a good start for their latest console the Wii U. Rising from the ashes, eh Nintendo?

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Avid video gamer, freelance journalist, community manager and aspiring editor. Random quote: I'll show you a sweet dream, next night



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