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Nintendo Posts First Loss in More Than 30 Years

3DS sales have improved, painting a better picture for the future.

With Nintendo's fiscal year now coming to an end, the losses the company expected in late 2011 have been posted. This marks the first time the company has ever posted a loss since publicly reporting in 1981. The fiscal year, which ended on March 31, saw Nintendo drop 36% in revenue from the previous year due to weaker hardware and software sales, which resulted in a loss of 37.3 billion yen ($458 Million USD).

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Layoffs Hit EA Canada and Blackbox

Even though Electronic Arts had a good year, some developers are being let go.

Electronic Arts is in the process of "restructuring", according to a report on The Escapist. The publisher is laying people off in its Canadian workforce, specifically EA Canada and Black Box. The reason for this is unknown considering EA had good sales numbers in 2011.

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