Nintendo's financials take a dive

It seems things are taking a turn for the worse for Nintendo.

The company reported a net loss of 2 billion yen (or $25 million) over the first 6 months of 2010, citing vastly reduced sales of both hard- and software as well as an expensive yen as the primary culprits.

After taking a huge lead early in the 'Next Gen' console war, it seems that the Wii is finally losing steam then. With the 3DS not coming out until next year, it seems unlikely that Nintendo's products will take center stage under the Xmas tree this year.