October 27, 2011 - It's no secret that the once mighty Nintendo is struggling to stay profitable. As expected, the company reported a huge loss for the first half of the 2011 fiscal year of 70.29 billion yen ($924 million). This billion dollar loss has forced Nintendo to once again lower its yearly projections, which puts it 20 billion yen ($263 million) in the red instead of a previously predicted profit of 20 billion.
It's hard to say if this is the beginning of the end or just a small stumble along the way for Nintendo. The rapid decline is the result of a number of factors, which I will detail in the rest of this gallery.