Nintendo reports its first annual loss in 30 years

Nintendo has some bad news to share today for once. They’ve posted their first annual loss in 30 years, but it was less than they expected it to be. In the past financial year Nintendo has lost 43 billion Yen, when converted to Australian dollars that’s 510 million dollars.

Nintendo originally predicted it would lose about 65 billion Yen in previous forecasts but strong software sales and the Japanese Yen being devalued helped them lose less. Nintendo did well with the 3DS, 13.35 million of them were sold in the period bringing the grand total sold to 17.1 million. There have also been 36 million 3DS games sold during this financial year. DS and Wii sales were down with only 5.1 million DS units sold, bringing the total sold to an impressive 151 million. Wii hardware sales were more with 9.84 million sold bringing its grand total to 95 million.

Nintendo hopes to have the Nintendo 3DS back to generating a profit by the middle of the current financial year (September) as every system they sell currently is losing them money.

Nintendo’s not used to losing money and we’ve seen them in panic mode since they dropped the price of the 3DS last year. They’ll be back to making money in no time, we hope.