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Nintendo Loses a Lot of Money, But There's a Lot More Where That Came From

Now, now, children, let's not fret about like chickens with their heads cut off. Nintendo may have posted a huge second-quarter loss this year, but that doesn't mean the company is doomed just yet. These are the creators of the money-printing DS and Wii, after all.

After announcing an $80 price cut for the 3DS, Nintendo said they lost close to ¥25.5 billion (a little under $322 million USD) in the second quarter of 2011. That's a lot of money, enough to make most companies quake in their diamond-covered boots, but for a company as huge and recently profitable as the House of Mario, it is merely a decent setback. With some long-promised 3DS titles as well some new Zelda game coming out the second half of the year, things are still looking up regardless of all the money lost.

Source: IGN

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