Nintendo reports $534.9 million loss during 2011 fiscal year

It isn’t much of a stretch to believe that Nintendo actually lost money last year after it was revealed that every 3DS unit sold after the price cut was costing Nintendo money. However it is still surprising that Nintendo in fact was able to to lose so much money last year. Nintendo revealed their fiscal year earnings which ended on March 31, 2012 and the report is quite bad for the longstan...

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