Nintendo expecting first ever annual losses by end of fiscal 2011

Nintendo is on track to report its first ever annual loss come the end of its 2011 fiscal year. Today, the company told press it expected to post losses of 20 billion yen ($264 million) by March 2012, marking a unenviable first for the company since it began releasing its numbers back in 1981. Earlier this year, Nintendo forecasted a profit of 20 billion yen. However, today it revised its predictions