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3DS price cut leads to first annual losses for Nintendo in over 30 years
Nintendo today posted its financial results for the last fiscal year, noting its first annual losses in over three decades. The company put this down to the Nintendo 3DS price cut, which it said was necessary to get sales of the handheld back on track with its predecessor, the Nintendo DS. Due to the price cut, the handheld is now being sold below cost, a statement from the company explained. However, Nintendo said that it …
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