Nintendo Faces $530 Million In Losses, Wii U And 3DS To "Drive The Company Back Into Profitability"

The 3DS in time will be like the DS during it's golden year. I can already see it.

first annual loss in 30 years...and they are still in better shape than Sony at the moment, and have more of a chance of getting out of this hole.

This shall be interesting...

Sony's video game division isn't the problem though, it's the rest of Sony. They could always spin it off into its own company. Nintendo, however, must either evolve or die. Their core business model of "let's make all our profit on hardware and not worry about selling games" is flawed. Even if the Wii U managed to mirror the sales of the Wii (which it won't), they would end up right back here again in a few years.

Sony's game division *is* part of the problem. They only recently became profitable and it isn't even near enough yet to pull them out of the hole; they're still deep in the red. And the fact that the rest of Sony is bleeding money is a pretty strong drag on the game division's efforts to get back into the black. Spinning off into a separate company won't help while their debt is still larger than their profit.

The two powerhouses are MS and Nintendo. Nintendo were still profitable during that fiscal year; the "loss" means how far they underperformed their projections, not that they lost money. So they're still doing fine. MS, like Sony, has a gaming department that is in the red but is now profitable; unlike Sony, the rest of the company isn't dragging them down. MS as a whole is profitable and leaves them in a better position than Sony, which makes them the company to watch when it comes to giving Nintendo a run for their money.

Abandoning their children like a professional athlete, seems odd to try and get sales up for a system you wont be focusing on. At least have the online service theyre working on help out the Wii, cmon now.

Nintendo is in for a very rude awakening when the Wii U launches. The fanbois will buy it, but pretty much everyone else won't. The causal market has moved on and most of the real gamers aren't interested in another underpowered console with a gimicky controller.

"Real" gamers play games rather than look for excuses to ignore a console. Anyway, the WiiU *will* be the strongest console on the market for at least a few years, and the next Sony and MS consoles won't be a huge leap beyond it, if they manage to beat it at all. Sony offers an object lesson of what happens when you put out a really powerful console and expect customers to pay the high price, and you can bet both they and MS learned that lesson.

Apparently someone missed the stories from developers working on Wii U games that the console isn't even as powerful as the 360.

As much as I despise Nintendo Fanboy's I hate to see Nintendo suffer. Hope you rebound from this loss, loyal gamer.

Nintendo for many of us introduced us to gaming or was the radical change from good old Atari. Some people are angry, others bitter but many deep down dont want Nintendo to fail even if we dont own their systems. Id like them to be successful, even if this system isnt all that powerful you can still make millions if you have enough titles, AAA all the way to lil indie games. But you cant keep relying on the same few game franchises over and over again because quality falls off and you try and sell games off name recognition alone. Innovation, diversity, and a library early on that gets consumers attention, cmon Nintendo, you can do it.