With aging hardware, Nintendo posts first yearly loss of $460 million
The next console needs to get here quickly for Nintendo. The game hardware company announced its first annual operating loss of 37.3 billion yen ($459.54 million) from 2011 to 2012. They anticipate a turnaround in numbers at the same level in the positive this year as a next generation console is expected. Price cuts to their systems weren’t enough to keep sales from dropping 36.2%. Nintendo intends to sell the 3DS “below cost” soon, following strong sales after a substantial price cut last year. Still, they weren’t anywhere near the numbers of the original DS, selling 13.53 million 3DS devices…