Nintendo Posts Better Than Expected Loss for 2011, Focuses on Digital Downloads

April 26th, 2012 at 6:06 pm

Nintendo have posted a better loss result than they originally forecast for total year sales.

Nintendo previously assumed they would lost 65 Billion Yen (AU$777 Million), but thanks to a slightly stronger US dollar and Euro, the total loss for the year ending March 31, 2012 was just 43.2 Billion Yen (AU$512 Million).

The company are gearing up for a new console launch this year; Wii U, which Nintendo says it will launch at the end of this calendar year in North America, Japan and Europe. The company is also ramping up it’s digital download offerings with Nintendo 3DS and Wii U via it’s eShop and the Nintendo Network.

Nintendo have also launched it’s 3DS console in Asia recently, and expects that console to return to profit by the end of this calendar year. The major hits to Nintendo’s financial results were the Japanese Yen exchange rate, and the fact it is selling the Nintendo 3DS under manufacturing cost.

Despite Nintendo’s loss this year, it will still pay a minimum of 100 Japanese Yen (AU$1.18) per share to shareholders.

Ty is the founder, Editor-in-Chief and nice guy of The first console Ty owned as a kid was the Sega Master System II which he used to enjoy games like Alex Kidd, Sonic the Hedgehog and Mickey Mouse. Since the early days, Ty's hobby became an obsession and over the years he has amassed a huge collection of video games from all manufacturers. You can read Ty's weekly opinion column here, and follow him on Twitter.

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