It's been a rough day for Nintendo. We don't usually post financial news on Giant Bomb, but this is big.
Nintendo is forecasting a $250 million loss for the current fiscal year, ending March 31, and has slashed its sales forecasts for Wii U from nine million to 2.8 million.
This news was followed by a press conference with Nintendo president Satoru Iwata, which was attended by Bloomberg. At the event, Iwata provided a potentially revealing quote about Nintendo's future:
"We are thinking about a new business structure,” he said. “Given the expansion of smart devices, we are naturally studying how smart devices can be used to grow the game-player business. It’s not as simple as enabling Mario to move on a smartphone.”
Iwata is not expected to step down from his position as Nintendo's leader.
Nintendo could be a very different company a year from now. But how? We'll have to see.