{"id":15122,"date":"2011-10-28T14:19:00","date_gmt":"2011-10-28T12:19:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-29T22:00:00","slug":"nintendo-reports-huge-loss-in-2011-blames-3ds-price-drop","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/business\/15122-nintendo-reports-huge-loss-in-2011-blames-3ds-price-drop","title":{"rendered":"Nintendo reports \u201chuge loss\u201d in 2011, blames 3DS price drop"},"content":{"rendered":"

In a recent financials briefing<\/a>, Nintendo boss Satoru Iwata has confirmed that the company has seen a “huge loss” this year, and blamed the August 3DS price cut for most of this.<\/p>\n

Obviously the fact that the RRP was dropped because it wasn’t really selling in the first place is irrelevant, or maybe an evil Western round-eye conspiracy.<\/p>\n

“As for our Nintendo 3DS, the hardware markdown has resulted in a huge loss in this fiscal year,” said Iwata. “However, as we are going ahead with gradual cost-cutting efforts, from a profit standpoint, improvements are expected to be made in the next fiscal year.”<\/p>\n

He also acknowledged the “big intervals” between 3DS title launches during 2011, adding that Nintendo is “making preparations in collaboration with third-party developers so that a continuous stream of expected titles shall be launched in the next fiscal year as well.”<\/p>\n

In the meantime, though, maybe Legend of Zelda: Skyward Sword and Mario 3D Land will push a few Xmas sales, and if that doesn’t work, well, it’s all on the WiiU.<\/p>\n

Related Articles: Nintendo 3DS price increase imminent<\/a>
Nintendo posts H1 2011 financial results<\/a>
Nintendo stock drops after “lacklustre and largely irrelevant” TGS announcements
<\/a><\/p>\n

Nintendo reports “huge loss” in 2011, blames 3DS price drop<\/strong><\/a> << Comments and views<\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Not the 3DS itself<\/p>\n","protected":false},"author":157,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-15122","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/15122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/157"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=15122"}],"version-history":[{"count":0,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/15122\/revisions"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=15122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=15122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=15122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}