Nintendo reports first year in red since 1981, loses over a billion dollars in 2011
Mario is dressed in red, but it’s not the kinda color Nintendo was hoping to see in their year-end annual fiscal report. So where did everything go wrong? Well, back before the 3DS was released, Satora Iwata and the folks who have been in charge of keeping your nostalgia on a consistent high, thought that pricing the 3D handheld at $250 was a bargain of a deal. Umm, yeah… that didn’t turn out so hot as we recall. So where does Nintendo go from here? — More after the break!