The game company saw its revenue slide by 36.2 percent during the fiscal year that ended March 31, pushing the previous year's profit into a huge loss.
The 3DS and Wii could do nothing to save Nintendo during its most recent fiscal year.
The company today released the results of its fiscal year that ended March 31 (PDF) and revealed that revenue slid 36.2 percent compared with the previous fiscal year. Nintendo ended its year with revenue of 647.6 billion yen (about $8 billion), versus over 1 trillion yen in the prior year.
Due to sluggish sales, Nintendo posted a net loss for the year of 43.2 billion yen ($532.5 million). In the prior year, it had generated a profit of 77.6 billion yen.
Nintendo's troubles over the year were numerous. For one, the company was forced to sell the Nintendo 3DS portable below cost in order to attract customers. This meant that the iconic game firm took a hit on every unit sold. Meanwhile, sales of Nintendo's Wii console continued to drag, and the company's software franchises were off the mark on the year. Add that to a strong yen, and Nintendo could do little to turn things around.