Nintendo has reached a dismal milestone: For the first time ever, it posted a fiscal year operating loss — down $458 million for the year just ended. It is an ignominious turn of events for the company, which created legendary games like “Super Mario Brothers” and innovative devices like the Wii. It’s clear that not even Nintendo could withstand the paradigm shift that mobile devices have triggered. “What is ailing Nintendo is that the casual gamer has many more choices today than even a few years ago,” said Michael Pachter, managing director of equity research at Wedbush Securities.
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Can Nintendo Play a Winning Come-From-Behind Game?
Posted by: Erika Morphy April 26, 2012 03:09 PMNintendo has reached a dismal milestone: For the first time ever, it posted a fiscal year operating loss — down $458 million for the year just ended. It is an ignominious turn of events for the company, which created legendary games like “Super Mario Brothers” and innovative devices like the Wii. It’s clear that not even Nintendo could withstand the paradigm shift that mobile devices have triggered. “What is ailing Nintendo is that the casual gamer has many more choices today than even a few years ago,” said Michael Pachter, managing director of equity research at Wedbush Securities.