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FEATURED VOXPOP oblivion437
Finally Broke My Crowdfunding Rule
By oblivion437
Posted on 01/12/15
I've had a long-standing rule to avoid getting involved in any sort of crowdfunded activities.  I didn't donate to Shadowrun or Wasteland, but I did buy and enjoy both of them (I'm plugging both of those games right now, just so you know they're good).  I haven't...

GAMING NEWS

Nintendo To Post First Annual Loss, Grossly Underestimates Losses

Posted on Thursday, January 26 @ 08:31:22 Eastern by


Remember all those "It prints money" pictures of Iwata and Miyamoto laughing all the way to the bank? That shit is in the past.

Nintendo vastly undershot estimated losses for the fiscal year... by about 40 billion yen. Nintendo originally forecast a loss of 4.2 billion yen, but has increased expectations expotentially to 45 billion yen.

Nintendo President Saturo Iwata attributes the higher than expected losses to lower than expected hardware sales through the holiday season:
We had higher expectations for the year-end season, but failed to meet them.
This is the first annual loss Nintendo has posted in thirty years.

[Source]
Tags:   nintendo, 3ds, wii, Wii U
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