Nintendo has posted a net loss of ¥48.3 billion for the nine month period ending on December 11 - to put it in perspective, that's just shy of £400 million. This in turn has caused them to revise their estimations for the full year. They now expect a loss of ¥65 billion (just over £500M); three times their original estimate.
Nintendo said the loss was down to the strength of the yen against other currencies, as well as poorer than expected sales for the 3DS (11.43 million units sold) and the Wii (8.96 million units sold).
Although Nintendo has shifted plenty of hardware, it hasn't helped them avoid making a significant loss: "The software sales increased in the year-end sales season, which helped the sales momentum of the "Nintendo 3DS" hardware improve to the point of surpassing hardware unit sales of the "Nintendo DS" or the "Wii" for the same period after their respective launches.
It wasn't all good news though: "However, due to slow sales in the first half of this fiscal year, the worldwide sales of the "Nintendo 3DS" software resulted in 28.04 million units."
It seems that combination of slightly sluggish sales and the strength of the yen has led to the company announcing this reversal of fortune (last year they made a reported £407M). If they're to turn around these troubling figures Nintendo will be relying on the continued growth of the 3DS. And then there's the small matter of the Wii U coming out this Christmas.