It’s gone from bad to worse for Nintendo. Following a less than impressive reveal of Wii-U, a huge price cut to help push the already lacking 3DS and major stock falls throughout the Summer, the firm have posted a financial operational loss of ¥19.6 billion for July – September 2011. That’s about $258 million.
Reuters has it that the saoring price of the Japanese Yen and poor software sales have played a significant part in these less than impressive numbers. Nintendo have now cut their predicted sales forecasts on the Nintendo 3DS. The portable’s lack of penetration is a huge problem for Nintendo it would seem.
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