Nintendo addresses lack of money-printing console right now

Infendo

Said Nintendo president Satoru Iwata this week about continued losses:

“The result (of lowing profit expectations) will mainly derive from the decision to mark down the price of the Nintendo 3DS and sell it below cost, sacrificing our profitability for this fiscal year, so that we can get it back on track to its originally-anticipated sales pace so as not to shrink our future business (of the Nintendo 3DS).” (via Attack of the Fanboy)

Iwata then implied that Nintendo would once and for all embrace downloadable content to further boost sales. Finally!