Nintendo Posting First Annual Loss In 30 Years

by Staff October 27, 2011 @ 10:57 am

Nintendo

After 6 months since stating that 3DS sales are off to a smooth start and roughly 3 months since the handheld received an early price cut Nintendo now has to admit it has a very real problem. The company has forecast its first annual loss since it began reporting finances in 1981. Specifically, Nintendo expects to suffer a loss of ¥20 billion ($264 million) for the year ending March 2012. It seems the Wii 2 could be make or break for the company which was once leaps ahead of Sony and Microsoft.