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Nintendo Forecasts Huge Losses

Posted Jan 26, 2012 at 3:19PM EST by

Listed in: News Tags: ds, Nintendo, nintendo 3ds, Wii

Nintendo released its official numbers today, and things don’t look too good. Despite the fact that the Nintendo 3DS outsold all other systems combined last week (in Japan, of course), Nintendo is still reporting major losses for the last quarter. According to earnings reports released by the company, Nintendo lost $623 million between the months of April and December 2011.

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The company doesn’t seem confident in the near future, revising its original forecast of $580 million in losses through March 2012 to $838. Nintendo noted that while Nintendo 3DS hardware is moving at a much higher rate, the massive price cut they dropped on the system is contributing to their financial ails.

In one last bit of bad news, Nintendo revised its original sales predictions for the 3DS, Wii, and DS dropping expected 3DS and Wii sales by two million each, and DS sales by about 500,000. The decreased sales projections have been taken into account for the new loss predictions for 2012.

It’s worth noting that while Nintendo reports these numbers as a “loss,” all it means is that the company made less money in a particular quarter than they did in the same quarter of the previous year. Nintendo is still churning out massive profits, and the company is far from being financially unstable. It’s just the way companies go about reporting their finances.

We’ll keep you posted as other companies release their sales numbers and financial forecasts. 2011 was likely a tough year for everyone, with console hardware aging and rumors of the next-gen on the horizon.

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This nintendo losse confuse people, they think that they will close their door really soon and is not like that.They arent just earning as much money as before, but that all, but if you see all the wii that they sale and nds since launch date of each consoles,theres a lot of money in their pockets right now.

# RE: Nintendo Forecasts Huge Losses — Saito Forte 2012-01-27 00:34

If we bring thief "loss" down to our level, it would probably go something like:
"OMG, I made 15 cents less this year than the previous year!"

# RE: RE: Nintendo Forecasts Huge Losses — Saito Forte 2012-01-27 00:35

If we bring their "loss" down to our level, it would probably go something like:
"OMG, I made 15 cents less this year than the previous year!"

Damn my typo.

-1 # lol — derpaderp 2012-01-27 01:34

theif loss, lol. noob.

-1 # RE: lol — Saito Forte 2012-01-27 12:02

Which is why i made a reply correcting that mistake within moments of posting? Calling me a noob when you can't even see the second reply?

-1 # RE: lol — xnamkcor 2012-01-27 13:28

Did you just mock his typographical error, that got quickly corrected, with a message that has no capital letters, and a misuse of a period?

-1 # RE: RE: lol — Mr. F 2012-01-27 14:09

Yes.

# 3DS is POS — Humpfreey 2012-02-01 19:39

After having my eyeballs fried playing a friend's 3DPOS I am not suprised. Pre-ordered the PS Vita+8GB Card+Dungeon Hunter Alliance for £234 from Amazon so I could not give a hoot for Ninkrapo

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