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Nintendo Forecasts Losses for First 9 Months of 2012

The 3DS has been doing well this year. After getting off to a rocky start, the 3DS has sold faster than both the original DS and Wii. This hasn't stopped Nintendo from loosing money. Nintendo lost 623 million dollars in the first nine months of its fiscal year (March-December, 2011). Nintendo attributes this the the incredibly strong value of the yen, and the 3DS price drop, which led Nintendo loose money on each of its systems sold.

Nintendo has also lowered sales expectations. Nintendo expects the 3DS to sell 14 million, two million lower than what was projected in March, and to sell 10 million Wii, 2 million lower than what was projected in March.

Nintendo has stated that it expects to make back the money lost in the next fiscal year, since they expect stron Wii U sales.

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