Today, Nintendo announced its first annual operating loss in the company's history. Sluggish Wii sales and a strong Japanese wind hurt Nintendo — not to mention a rocky rollout for the Nintendo 3DS.
The game maker chalked up a US$455.9 million operating loss for the 2011 financial year.
The Nintendo 3DS is being sold below cost due to a large pricecut. However, Nintendo stated that the 3DS will cease to be sold below cost sometime next year, making the handheld even more profitable for the Kyoto-based game company. Nintendo is also forecasting a profitable 2012, thanks to strong 3DS sales and the upcoming Wii U.
For 2012, Nintendo is predicting an operating profit of $US429 million. Warm up those money printing presses, Nintendo!