Nintendo posts first six-month loss in seven years

nintendo posts first six month loss in seven years super mario  1280x960Up until recently, it was reasonable to say that the last few years had been relatively kind to Nintendo. The Japanese company’s Wii gaming console was a hit among demographic groups ranging from kindergartners to nursing home residents, and the DS was a solid performer in the mobile gaming market. However, if the last six months are any indicator, the company may be facing some tougher times heading into 2011.

Nintendo today announced that it withstood a net loss of $24.7 million (2.01 billion yen) during the six months stretching from April through September of this year. That is Nintendo’s first interim net loss in seven years, according to the Wall Street Journal. That compares with a profit of around $850 billion over the same period a year prior. Revenue fell by 34% to $4.5 billion, down from $6.7 billion over the first half of the previous fiscal year.

Nintendo, which largely relies on sales from its exports, was quick to point out that the some of the losses can be attributed to having to deal with a strong domestic currency. The yen is clearly not the sole reason for the troubles though. Both the Wii and the DS have seen significant drops in sales recently.

Part of the problem lies in aging hardware that’s failing to attract big-time developers capable of sustaining interest in the products. After enjoying a period of popularity, interest in the Wii has begun to wane and has largely failed to keep pace with  competing consoles from Microsoft and Sony. Now Microsoft and Sony are piling on by releasing their own versions of motion-controlled gaming hardware, technology that contributed to the Wii’s initial widespread appeal.

If there’s a bright spot for Nintendo, it’s that there’s a good amount of positive buzz surrounding the upcoming mobile 3D gaming console, the 3DS. But even that has been a bit of a sore point for Nintendo who has delayed releasing the portable console until early 2011.

Product Review

'New Super Mario Bros. U Deluxe' is 2D platforming wizardry

New Super Mario Bros. U Deluxe is the latest Wii U game to come back from the dead on Switch. And wow, it’s much better than we remembered.
Gaming

This list of PlayStation 4 exclusives puts its competitors to shame

The PlayStation 4's game library and incredible selection of exclusive games could make anyone with an Xbox One or Nintendo Switch think twice. Here's our list of the latest and greatest PS4 exclusives.
Business

Apple banned from distributing some iPhone models in Germany

Apple is following the FTC's lead and has sued Qualcomm for a massive $1 billion in the U.S., $145 million in China, and also in the U.K., claiming the company charged onerous royalties for its patented tech.
Gaming

‘Rocket League’ is the latest game to get full cross-platform play

Psyonix has announced that Rocket League now supports full cross-platform play across PlayStation 4, Xbox One, Nintendo Switch, and PC, joining Fortnite as the only games to do so.
Gaming

Here's where Xur is and what he has for wares this week in 'Destiny 2: Forsaken'

The weekly vendor in Destiny 2: Forsaken always brings Exotic weapons and armor, some of the toughest loot to find in the game. Here's everything you need to know to track down Xur: Where he is, when he shows up, and what he's stocking.
Computing

You could be gaming on AMD’s Navi graphics card before the end of the summer

If you're waiting for a new graphics card from AMD that doesn't cost $700, you may have to wait for Navi. But that card may not be far away, with new rumors suggesting we could see a July launch.
Gaming

Blizzard’s latest hiring spree is likely for the unannounced ‘Diablo 4’

Activision Blizzard is hiring for more than a dozen positions on unannounced Diablo projects. Some of the roles are likely for the unannounced Diablo 4, the next mainline entry in the series.
Gaming

Sharing your best gameplay moments is quick and easy on the Xbox One

The current generation of consoles make it easier than ever to share your gaming highlights with the world. Here's a quick guide on how you can record a gameplay video on Xbox One.
Gaming

Everything we know about 'Red Dead Online', including the new mode Gun Rush

Red Dead Online will gradually rolled out to Red Dead Redemption 2 players via a beta. We've got all the details about the beta's suite of competitive and cooperative modes, as well as what to expect going forward.
Gaming

Xbox One X vs. PS4 Pro: Which console is more powerful?

Far from cooling down, the console wars are only getting more intense. We compare Microsoft's Xbox One X to Sony's PlayStation 4 Pro to help you decide which premium console is right for you.
Gaming

Fortnite V-Bucks being used by criminals for money laundering on dark web

Criminals are using Fortnite's V-Bucks for money laundering schemes on the dark web. Epic Games, apparently, is not doing enough to prevent the game from being used for the illegal activity.
Gaming

Relive the 8-bit gaming era with the best NES emulators for Android and PC

For years prior to the release of the NES Classic, emulators have offered a means to every NES game ever created without needing the console. Here are the best NES emulators for Android and PC.
Gaming

Mortal Kombat 11 Kollector’s Edition comes with a life-size Scorpion mask

The Mortal Kombat 11 Kollector's Edition will come with a human-sized replica of the mask of Scorpion, one of the most iconic fighters of the series. NetherRealm Studios has also announced the game's preorder bonuses.
Gaming

Xbox app lets you access your console while away from home. Here's how

Microsoft's Xbox allows you to access your profile information and launch media content directly from your mobile device. Check out our quick guide on how to connect your smartphone to an Xbox One.