Nintendo is facing stiff competition from Microsoft and Sony in the games console market.
The company issued a profit warning on Friday following disappointing software and hardware sales in the busy end-of-year buying season.
Nintendo (now expects to record a 35 billion yen ($335.2 million) operating loss for the fiscal year ending in March. )
That's down from the 100 billion yen ($957.7 million) profit previously forecast.
The Wii U has struggled to lure consumers as the appetite for mobile and tablet gaming grows.
Stiff competition from rival devices -- Microsoft's Xbox and Sony's PlayStation -- has also hurt the electronics maker. Microsoft (Fortune 500) and , Sony ( have turned their gaming consoles into integrated, computing devices and new models of the devices released late last year were in )hot demand.
|Heineken and Sam Adams boycott St. Patty's Day parades|
|$20 Amazon Prime hike won't scare off customers|
|Tesla CEO fights back in New Jersey|
|Crimea: The economic fallout of a 'yes' vote|
|Quiznos files for bankruptcy|
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.28%||4.37%|
|15 yr fixed||3.32%||3.40%|
|30 yr refi||4.28%||4.38%|
|15 yr refi||3.31%||3.39%|
Today's featured rates: