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Nintendo Reports $460 Million Loss for 2011

by on April 26, 2012
 

The 3 might be selling fairly well but it seems like it is making lose money. In their 2011 fiscal report shows that they had net sales of ¥647 billion ($8 billion) which is ¥12.3 billion lower than forecasted. Total loss for the year was ¥37.3 billion or $461.2 million. Just a small hunk of change I guess.

hopes during the next fiscal year to stop selling the at a loss and that new titles like New Super Mario Bros. 2 help sales. The release of the this year should also be a positive event for them if it is anything like the launch of the original . Nintendo is currently predicting to reach a ¥35 billion profit during this current fiscal year.

People might view this as an ill omen for Nintendo but considering how good they have been doing for the last 5 or so years, I think they are just fine.

If you want a headache or are a mad scientist, check out Nintendo’s official earnings report for every detail you could ever want to know.