Nintendo has reported its first ever annual loss, with full-year financial results to the end of March 31 2012 showing a loss of 37.3bn yen ($459.54m), though the company predicts a flip to profit in 2013. Selling the Nintendo 3DS at below cost price was blamed for much of the Japanese company's woes, the price cut being "in order to get it back on track to its original sales pace" but biting into Nintendo's profit margin. In the end, Nintendo managed to sell 13.53m 3DS units and 36m games.
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