Financial Post | Business

TOKYO — In 2006 Nintendo took video gaming out of the kids’ room and into the living room, as its hit Wii created a new niche as the console the whole family could share.

But with that Wii boom waning, the successor being prepared by the creator of Super Mario looks like a losing proposition as Apple Inc. and other smartphone and tablet makers take gaming to the bathroom, the commuter bus and back to the bedroom.

Nintendo reported on Thursday its first ever operating loss with a deficit of US$458-million for the business year just ended, just marginally better than the consensus forecast for a 41.4 billion yen loss.

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