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Nintendo has now been unprofitable for three straight years

This morning Nintendo reported a net loss of $228 million for its fiscal year of 2013, representing a third straight year in the red for the gaming giant.

Published Wed, May 7 2014 1:23 PM CDT   |   Updated Tue, Nov 3 2020 12:17 PM CST

Things are not looking good for Japanese video game powerhouse, Nintendo. Today the company released its earnings report for the 2013 fiscal year, and things are not good to say the least. During the last year, Nintendo sold 6.17 million Wii U units, with the last quarter only accounting for about 310k units sold. The Wii U was supposed to be Nintendo's saving grace, but it appears that is not the case.

Nintendo has now been unprofitable for three straight years | TweakTown.com

For the fiscal year of 2013, Nintendo says that it has suffered a net loss of $228 million, which makes this the third straight year of financial losses. In 2011, Nintendo lost $461.2 million, and in 2012 the company posted $366 million in losses. When you tally those up with this morning's report, the once king of gaming has lost more than $1 billion over the last three years. At this rate, Nintendo seems to be hemorrhaging money and it leaves one to wonder just how much longer the company can hold out.

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

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