Nintendo to post huge losses for first half earnings?

All is not well in the land of N.

Ahead of Nintendo’s Q2 financial earnings report tomorrow, Japanese newspaper Nikkei reports (via Reuters) that the company will post a staggering ¥100 billion (£823 million/$1.32 billion) loss for the first six months of 2011. Don’t forget that in that time frame we saw the launch of the 3DS.

Shares have fallen by 7.5% to 10,800 yen in response to the news. It would seem that the slow start for the 3DS coupled with the strong yen has led the company down this troubled path.

But with a 3DS price drop in place along with the promise of a new console in the Wii U, fortunes may yet shift for Mario and co.