 Remember the 80s? Will you be the one to experience the Nintendo Entertainment System? My how things have changed. It's a me, Ellis Hamburger, and this is 90 Seconds on the Verge. Nintendo announced yesterday that it will develop new consoles targeted at emerging markets. Rather than making cheap versions of existing hardware like the company has done in the past, Nintendo will build these products from the ground up. Nintendo also announced that its first smartphone app, Mario Kart TV, will launch this month alongside Mario Kart 8. So why exactly is Nintendo shifting gears? Well, its 2013 earnings report might have something to do with that. The company reported $457 million in operating losses last year. That's the third consecutive year of losses for Nintendo. Much of this has to do with the failure of the Wii U. Total sales now stand at just over 6 million consoles worldwide. But let's not forget that this is just one blip in the company's long and successful history. The House of Mario reportedly has around $10 billion in the bank thanks to many profitable years. While the Wii U sales have been floundering and the 3DS was slow to take off, Nintendo made three of the top five best-selling game systems of all time. So what's next? This month's Mario Kart 8 is as close to a guaranteed system seller as anything in Nintendo's very successful stable of franchises. And if that's not enough, Nintendo is expected to lay out its grand plans for the year to come at next month's E3. For more on Nintendo, check out the Verge. Coming up, Nintendo announces the 1DS. Ultra portable, single screen, comes with Tetris and oh that's a Game Boy, isn't it?