Nintendo Posts Big Loss For FY 11, But Nintendo Says To Be Back In Black This Year With Wii U

Posted: Apr 26 2012, 3:14am CDT | by , Updated: Apr 30 2012, 7:22am CDT, in News | Gaming

Nintendo posts big Loss, but plans to be back in Black with Wii U

Nintendo ran up a loss of 43 Billion Yen (~$530m) for the Fiscal Year ending March 31st.

Nintendo posted the first ever loss for the year today. The reasons for this are the Wii getting old and the 3DS being sold below cost. Nintendo predicts a profit for this fiscal year though. The obvious reason is that Nintendo hopes to land a big hit with the new Wii U this Fall. I am not a big believer in the new tablet integrated gaming console.

Nintendo plans to stop selling the 3DS below cost in the middle of the fiscal year 2013 ending March 31 2013. The price cut last year jump started the sales for the new 3D portable console. The launch price was just too high. Nintendo 3DS hardware sales during the fiscal year were 13.53 million units and the sales of Nintendo 3DS hardware in Japan exceeded five million units, which is the fastest record of all dedicated game platforms.

I have never seen a gaming console get more expensive after a year. What is Nintendo thinking? The only way stop selling the 3DS below cost is to reduce manufacturing cost. It would kill the 3DS if Nintendo raises the price again.

Via Nintendo.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
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