Nintendo confirms it will have first yearly loss, ever

Written by Andre Yoskowitz @ 27 Oct 2011 4:14 User comments (6)

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.

Tags: Nintendo gaming Operating Loss

<New optional Firefox comes with default Awesome Bar, Bing >Coinstar raises price on rentals from Redbox kiosks

127.10.2011 16:43

Hyasuma

Send private message to this user

Member

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

This message has been edited since its posting. Latest edit was made on 27 Oct 2011 @ 4:44

227.10.2011 20:51

fandr78

Send private message to this user

Member

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

328.10.2011 05:50

TrinUK

Send private message to this user

Member

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

428.10.2011 15:42

Notcow

Send private message to this user

Member

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.

This message has been edited since its posting. Latest edit was made on 28 Oct 2011 @ 3:46

528.10.2011 16:22

Xplorer4

Send private message to this user

Senior Member

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.

629.10.2011 01:02

Hyasuma

Send private message to this user

Member

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

	Android 16 will launch sooner than expected (01 Nov 2024 6:45) Google announced that upcoming Android 16 will break the traditional once-a-year cycle of major Android launches. Next Android is poised to launch in Q2 of 2025, so Android 16 should ship before end of June, 2025.
	Winamp ends its "open source" project that wasn't really open source (20 Oct 2024 11:12) Less than a month after the legendary MP3 player Winamp made its source code public, the company has made a sudden U-turn and removed its code from distribution. 2 user comments
	Winamp released its source code - but didn't go open source (25 Sep 2024 12:38) The source code of Winamp has now been officially released. However, it hasn't become a pure open-source project, as its licensing terms prohibit the creation of new, different versions.
	Does your phone rattle? Here's why it happens (25 Aug 2024 8:30) When you shake your phone and hear a light rattle, clatter, or jingle, it's likely not broken. The culprit is probably the optical image stabilization (OIS) system in your phone's camera, meaning everything is functioning as it should. 2 user comments
	CEO of Messaging App Telegram Arrested in France (25 Aug 2024 7:12) French authorities have detained Pavel Durov, CEO of the messaging service Telegram, amidst an ongoing investigation to determine whether Telegram moderates its platform adequately. 1 user comment

	Does your phone rattle? Here's why it happens When you shake your phone and hear a light rattle, clatter, or jingle, it's likely not broken. The culprit is probably the optical image stabilization (OIS) system in your phone's camera, meaning everything is functioning as it should. 2 user comments
	Guide: Phone battery drains quickly - how to fix (iPhone / Android) In this guide, we go through the most typical reasons for rapid battery drain with phones, and look at potential reasons or solutions.
	What happens if you don't update Android? Sometimes it can be tempting to avoid updating to a new Android version. What happens if you decide to delay major updates to the OS?
	What IP rating for dust and water resistance means An IP classification (such as IP68) is given to mobile phones, Bluetooth speakers, and other devices, but what do these classifications mean? 1 user comment
	Guide: Is Your Wi-Fi Sluggish or Slow? Here's How to Fix Do you have problems with you Wi-Fi? Slow connection or is it cutting off constantly? This guide aims to remedy these problems. 1 user comment

Nintendo confirms it will have first yearly loss, ever

6 user comments

Latest news

Reviews

Guides

News archive

Subscribe

Sections:

Follow us:

	Roborock S8 MaxV Ultra review - obstacle avoidance doesn't work as it should, otherwise almost perfect robot vacuum We put the Roborock S8 MaxV Ultra through a very, very long review process. The $1800 mopping robot vacuum is almost perfect, but its obstacle avoidance was surprisingly bad, considering the price - and compared to its competitors.
	Sharge x OnePlus Pouch review: Beautiful power bank that supports SuperVOOC charging In our review, we take a look at Sharge's power bank that supports OnePlus SuperVOOC quick charging technology as well as standard USB PD charging. It has small design flaws, but despite those, the Pouch is very nice product. 1 user comment
	Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.