Nintendo bleeds profits, and right before the holiday season. Recently, the Japanese game company posted that they have lost 925.6 million dollars. This is a major increase from last year, which was 26.5 million dollars. The reason as to why they have lost so much money is because the demand for Nintendo consoles and games are cooling. This is because Nintendo really hasn't released anything major in the past few years, only a few new DS versions. Also, Wii is lower in demand now that the PlayStation3 and Xbox360 Kinect are now out and selling fast. If Nintendo doesn't release something new soon, such as the Wii 2 that is planning on being released in 2012, it is probably only going to go downhill from there...
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