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FEATURED VOXPOP oblivion437
I Don't Want to, but I Have To...
By oblivion437
Posted on 10/20/14
Well, Gamergate has spilled over into the mainstream media and the coverage appears to be nearly uniformly dreadful. Take " What is Gamergate, and What Does It Say About Gender In Video Games? " by David Konnow as an example.  It appears that the writer has done little to no...

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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