Nintendo has announced that the company has suffered a major loss of ¥70.2 billion (approximately $926 million) over a half-year period that ended September 30, 2011. The severity of the downturn has also led Nintendo to forecast for its first ever annual loss since the console and game maker began reporting earnings in 1981, set for ¥20 billion (approximately $264 million).
The majority of the losses have to do with the rise of the Yen as the value of several other currencies fall thanks to the worldwide economic recession, costing the company ¥52.4 billion (approximately $691 million). The remainder was credited to slowing sales for the Wii and DS as well as a small number of hit titles.
Full-year projections for hardware and software shipments have been dropped due to the report. While hardware for the Wii and 3DS are at the same expectations, the DS has dropped from 9 million to 6 million. Software has dropped for the Wii from 110 million to 100 million, the 3DS from 70 million to 50 million, and the DS from 65 million to 62 million.
Sales projections for Nintendo’s full-year have also fallen 12 percent to ¥790 billion (approximately $10.4 billion), which is down from last year’s total of ¥1.01 trillion (approximately $13.3 billion).
