Nintendo 3DS Price Drops From $249 to $169

Nintendo 3DS Price Drops From $249 to $169 - Guys, did you know? Nintendo 3DS price is will be lower on August 12th. Wow, amazing! The price of the Nintendo 3DS in the US is dropping precipitously August 12th from $249 to $169, with other regions getting a similar price break in their respective currency.

Nintendo Co. Thursday reported an earnings rut, with a loss for the fiscal first quarter that virtually matched that of a year earlier, while it slashed both its profit outlook for the year and the price of Nintendo 3DS handheld games console.

While pressure from the upcoming Vita is surely playing a part, Nintendo plans to sell 16 million 3DS units in the financial year, but still slashed its financial projections for the year from ¥110 billion to just ¥20 billion. As a result revenue was down by more than half, to ¥93.9 billion from ¥188.7 billion a year earlier. That led to an operating loss of ¥37.7 billion, compared with an year-earlier operating profit of ¥23.34 billion. Nintendo said it now expects a net profit for the fiscal year ending next March of just ¥20 billion, a cut of more than 80% from its previous forecast of ¥110 billion.