Nintendo announces major losses

The news for Nintendo is bleak. Sales are down 50% year-to-year. They posted a first quarter loss of $327 million. They’ve dropped their profit forecast by 82%. And they’ve slashed the price of the 3DS 32% in dollars (even more in yen). As a gamer with a DSi XL and a Wii, none of this particularly surprises me. Nintendo have made a series of disastrous mis-steps. Problem #1 is that they gave up on serious gamers.

SXSWi report

I started my afternoon by shuffling to the bus stop at the end of our street, to get the bus downtown. It wasn’t long before a SXSW attendee turned up, badge in hand. The bus was on time, and quickly filled up with mothers and children who were traveling to the capitol building to protest the planned cuts in education. I chatted and expressed my support, but it wasn’t my destination.