The fact that Nintendo is currently floundering is one of the market's worst-kept secrets, and it seems that their reluctance to release more first-party games or reveal solid Wii U specifications may be about to cost them dearly. A report from Japanese newspaper Nikkei [via Reuters] suggests that Ninty are about to post massive first-half losses of £823 million, which has been blamed on the 'strong' state of the Yen compared to other currencies such as the Euro (resulting in 40 billion yen in foreign exchange losses). Nintendo's share prices have dropped seven percent since the report was published, and their operating forecast is set for a 27 year low. It's a sad state of affairs for the legendary company - if true - and we'll keep an eye on the situation when Nintendo publish their financials tomorrow.
With any luck, a strong Wii U reveal and launch titles, along with an increased number of 3DS titles and impulse sales over Christmas, will help to put them back on track.