Nintendo confirms that it's selling 3DS at a loss, expects that to change

Ever since Nintendo slashed the price of the 3DS, there's been plenty of speculation that the gaming giant has been selling the portable console at a loss. The company acknowledged that fact during its disappointing earnings report, stating, "its hardware has been sold below cost because of its significant price cut in the fiscal year ended March 31, 2012," a fact that's uncharacteristic of the company's operations. But as with its fairly unfortunate financials, the company plans to turn things around, adding, "Nintendo expects to cease selling it below cost by the middle of the fiscal year ending March 31, 2013."

Nintendo confirms that it's selling 3DS at a loss, expects that to change originally appeared on Engadget on Thu, 26 Apr 2012 09:54:00 EDT. Please see our terms for use of feeds.