Nintendo Posts Its First Annual Loss In 30 Years

While Nintendo did expect to lose a little over half-billion dollars in the past year, its still quite a kick in the face for the company. To put this in perspective, Nintendo has never reported an annual loss since going public, essentially when it went to the videogames business. Throughout those years, we’ve seen Nintendo stumble couple of times with the N64, Gamecube, and a few other excursions. But it never dragged Nintendo down that much… until now.

With Wii sales dropping as a new console looms on the horizon and the shaky (but much improved) launch of the 3DS, this could be the jolt that Nintendo needs to finally get back in the game. During this generation, you can see that Nintendo got pretty arrogant with their consoles, even going as far as charging $250 for the 3DS based on people really liking the 3DS with it was first shown at E3 2010. But hey, maybe things might be looking up. There’s a new Super Mario game coming out for the 3DS, and development on the new Super Smash Bros. is finally underway for both the Wii U and 3DS, and sales for the 3DS are on the rise as well. We’ll just have to wait and see.

Wii U crucial as Nintendo posts first loss in 30 years [techradar]

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