Can Nintendo turn things around?
Recently, game maker Nintendo reported it’s first ever yearly operating loss. Will it continue the downward trend, or does it have a strong rebound strategy? For the first time in the company’s history, Nintendo has posted an operating loss for the fiscal year. For 2011 they were down by $458 million. That doesn’t bode well for the same company that turned out some of the most popular games in history, like Super Mario Brothers, The Legend of Zelda, and the Wii. More powerful mobile devices have triggered a paradigm shift that represents an uncertain time for game makers. “What is ailing…