More news coming out of the Nintendo camp, and it isn't pretty.
While it has been known for awhile that Nintendo is in trouble, no one was really sure how much until just this morning when Nintendo released the latest financial report. According to the latest earnigns report, the company posted a net loss of 24.5 Billion Yen. How does that compare to this time last year, you ask? Last years financial report, Nintendo made a profit of 8.2 Billion Yen.
The company is in a bit of a stand-still. Dedicated hardware and software sales declined drastically, while sales of smart devices and other IP related income brought in the most revenue the company has seen in that market in a long time.
There IS reason to be optimistic, Nintendo fans! Looking to the future, Nintendo will not only release the long awaited Legend of Zelda: Breath of the Wild, but also Pokemon Sun/Moon, and the launch of their latest mystery shrouded console, the NX in 2017. Heres hoping that these future releases help to turn the companys losses around! It should also be noted that this financial report doesn't include anything generated from Pokémon Go, so there's a lot of potential for Nintendo to bounce back in the coming year.