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Nintendo wants to make a comeback with cheaper software

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Nintendo is aiming to stimulate sales by introducing more low-cost software, company president Satoru Iwata confirmed to The Nikkei.

The games company plans to release remakes of older titles for the Nintendo 3DS system, as well as releases previously seen on smartphone devices. The plan is to offer content at prices as low as just a few hundred yen, according to Iwata.

Free trials will also see an increase, with hopes to boost the name recognition of games and increase the likelihood of gamers purchasing the release in full.

"We aim to return to profit levels more typical of the company in the year ending March 2017," Iwata said, with suggestions that shareholders should anticipate seeing profit around 100 billion yen ($845 million).

Despite this, Nintendo will not be cutting game system prices, Iwata continued.

Nintendo released its third quarter financial results last month, revealing an operating loss of just over $15 million for the nine month period ending Dec. 31, 2013, after dismal sales of the Wii U forced the company to slash its yearly forecast. Earlier in the year, Nintendo announced its expectations for a third consecutive annual operating loss after previously forecasting its return to profit. The company expects to lose 33.4 billion yen for the final quarter of the year, with a total operating loss of 35 billion yen ($355 million) for 2013.