The fiscal year ending in March 2011 has proven to be a bloodbath for Nintendo as their loss of earnings has been reported.

Nintendo’s shares dropped 66% and according to Joystiq, this marks the third year for profit declines which is not what Nintendo previously predicted.

Also reported from Nintendo’s camp is that the previously rumored ”Wii Successor” will be at E3 in the form of a playable model.  Nintendo has the new console that is supposedly more powerful than the Xbox 360 and Playstation 3 set to launch sometime in 2012.

via Nintendo Investors

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I supported Nintendo. I gots my 3DS and am lovin' it.

I supported Nintendo for a short time as well. I got Tam a DS Lite a few years back she loved it for years .. not so much now. I hope they do better with the new console than they did with the Wii

I think they just banked a bit to much on the Wii and sure when it released it was the best new thing. However the craze wore off and unfortunately for Nintendo they lost a lot of third party support.