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27 Oct 2011 14:20


Biz: Nintendo hurting over first projected annual loss in company history

  • ¥20 billion loss projection for Nintendo this fiscal year source
  • » That’s about $264 million: The iconic video game company has been struggling recently, suffering from a critical lack of technology advancement in their console market (those Wii graphics looked behind the times when it first came out, and now… yikes), as well as their Nintendo 3DS handheld underperforming against corporate estimates. It’ll be a while Nintendo will have to ride out before they actually launch a proper, new console system — the Wii U isn’t slated to launch until sometime next year (this fiscal year ends March 2012).