Capcom has announced that its lowering the recommended retail price of Resident Evil: Revelations to $40. The game was originally priced at $50 which Capcom said was due to the game coming on a 4GB Nintendo 3DS cartridge. Capcom acknowledged that the pricing was too steep and said that they’ve “spent weeks looking for a way to bring [the] cost down to standard 3DS pricing.”

According to Japanese tabloid Spa! a student was previously busted by a teacher for taking some rather opportunistic upskirt photos of Japanese school girls. When the teacher confiscated the student’s Nintendo DSi he was apparently shocked to see how many female students he had snapped, and was even more shocked to see the student’s penis.

“I discovered a young man using the DS camera to peep on girls at school,” said a 43-year-old male teacher. The teacher apparently confiscated the male student’s DS (the original quote said “DS” and not “DSi”). “Saved on the DS, there were upskirt photos as well as photos of the student’s own penis. The entire staff was sickened by what we found.”

Nintendo president Satoru Iwata has confessed that Nintendo has learned “bitter lessons” from the Nintendo 3DS launch, but claims that he’s confident that the company is doing all in its power to make sure the Wii U launch is nothing short of a tremendous success.

“The company is aiming to firmly complete the development of the entire [Wii U] system and prepare sufficient software so that the Wii U will be at its best at the time of the launch. Needless to say, we have learned a bitter lesson from the launch of the Nintendo 3DS.”

Nintendo has revealed that the Nintendo 3DS will finally be profitable for the company in the first half of its next fiscal year, which begins on April 1st. Nintendo is currently losing money on every Nintendo 3DS sold since the price cut, but Nintendo president Satoru Iwata has assured investors that this situation will change starting from the next fiscal year.

“I would like to begin with the product profitability of the Nintendo 3DS hardware, which has affected our profit the most for the current fiscal year.”

“Let me first inform you that, in the first half of the next fiscal term, we are now anticipating to get out of the situation that we sell the hardware below cost.”

Nintendo president Satoru Iwata told investors early this morning that gamers are now ready for new video games consoles. Iwata pointed to declining sales of all the major home consoles as the reason that consumers are looking towards brand new formats.

“However, not just the Wii, but the overall performance of home consoles in December was lower than the previous year, and I think that the market is now waiting for a new proposal for home consoles.”

Super Mario 3D Land is the very first Nintendo 3DS title to sell over five million units according to Nintendo. The company announced that Super Mario 3D Land has sold 5.03 million copies globally since the title launched in November of last year. Mario Kart 7 has also sold a fair number of units with 4.54 million units sold to date around the world. The Legend of Zelda: Ocarina of Time 3D has sold 2.49 million copies worldwide.

Nintendo has reconfirmed that Animal Crossing 3D, Luigi’s Mansion 2 and Paper Mario 3D are all heading to the Nintendo 3DS this year in Japan. The company wouldn’t announce specific dates for these eagerly awaited titles other than they’re scheduled for a 2012 release. We should hear about Western release dates at this years E3 event in June.

Nintendo has announced that the Wii was the best-selling video games console in Europe during December, beating off fierce competition from the Xbox 360 and PlayStation 3. In the United States the Xbox 360 was the best-selling console throughout the year, and Sony’s PlayStation 3 remained the best-selling console in Japan.

Nintendo president Satoru Iwata has clarified that Nintendo has no intention of publishing unfinished games just to make some extra money from paid downloadable content. We already know that the Nintendo Network will support paid DLC.

“Nintendo, as a software maker, does not plan to [run a business] where our consumers cannot know in advance which [product] will appear as the result of their payment,” Iwata said. “As a software maker, Nintendo believes that its packaged software should be sold to our consumers in a form so that the consumers will know in advance that they can enjoy playing the software they purchased just as it is.”

Nintendo has announced that the Wii U controller will feature Near Field Communication, or NFC for short, which according to Nintendo president Satoru Iwata will allow the Wii U to do the following:

“By installing this functionality, it will become possible to create cards and figurines that can electronically read and write data via noncontact NFC and to expand the new play format in the video game world.”

Nintendo president Satoru Iwata also revealed that the Wii U will get personal user accounts similar to those seen on Xbox 360 and PlayStation 3. This should mean that digital purchases will be linked to user accounts, rather than the actual console.

“Also for the Wii U, we are planning to introduce a personal account system compatible with Nintendo Network. With this, for example, the ease of using a video game system when the hardware is shared by multiple family members, which has been a challenge we needed to tackle, shall be improved, and we will also be able to construct and offer the system by combining a variety of different services and content.”