Satoru Iwata, President of Nintendo co, Ltd. Today Nintendo reported its first operating loss in 30 years, a loss of $530 million. Nintendo sold 13.51 million 3DS units, 9.84 million Wii's and 5.1 million DS family units (nintendo DS, DSI & DSI XL). Nintendo predicts that the next financial year, they will be back in the black with a net profit of $245 million, this is due the 3DS will no longer be sold below cost and the upcoming launch of the Wii U. We see from these earnings, the impact of smartphones and tablets. The economy is also a compunding factor where gamers, especially casual gamers (Nintendo's target market) don't want to spend $30-$50 on games. When games on their smartphone or tablet provides a similar of in some cases a better experience than the hand held gaming system at a fraction of the price ($0.99 for angry birds, $14.99 for infinity blade, etc). Though Nintendo is predicting and profit of $245 million, next financial year. I am less enthu...
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