Nintendo Posts Annual Loss for the First Time Ever

Nintendo Posts Annual Loss for the First Time Ever

posted Sunday Apr 29, 2012 by Nicholas DiMeo

Nintendo Posts Annual Loss for the First Time Ever

With the launch of the upcoming Wii U, Nintendo is hoping that this will help them recover from a couple of bad months of lackluster sales and 3DS price drops. However, bad news is still looming for Nintendo as they move into the E3 that will either make or break the company.

This week, for the first time in the history of Nintendo, they posted a net loss of $533 million. Wii sales haven't been very high as of late and has also caused them to post an operating loss of $460 million. This is very disheartening to learn about, as this is the same company that brought us the coveted Mario and Zelda franchises that we all know and love.

Has Nintendo seen its hey-day finally fade into the 8-bit darkness from which it emerged?

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