The Play Vault's Elliot presents the latest news and gives the low-down on Nintendo's huge and recent downturn in sales and gross sales that has been one of the worst financial performances in Nintendo's long and generally successful history.

Yesterday Nintendo announced that their losses for the fiscal year are going to be much worse than previously expected. They had a 61% loss in operating profit(profit before taxation, interest etc.) from the start of April until the end of June and are forecasting a ¥45 billion($575 million) operating loss over the full fiscal year, the first loss since Nintendo started reporting earnings in 1981 and the worst financial performance in the corporation’s history.

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