Report: Nintendo to post $1.32 billion loss tomorrow
Nintendo is expected to pose a loss of 100 billion yen ($1.32 billion) tomorrow, much higher than the company's previous forecast of 55 billion yen.
Nintendo has forecast a loss off 55 billion yen (approximately $725 million) for the first half of the fiscal year ending on September 30, but Japanese newspaper Nikkei business daily claims the loss could be as high as 100 billion yen ($1.32 billion). Nintendo's shares took a 7.5% hit after the news broke, to 10,800 yen ($142).
Reuters cites sluggish sales of the 3DS due to the increased competition of smartphones as one cause of the loss, as well as difficulties due to the strength of the yen. Nintendo declined to comment on the report to Reuters, but the full earnings are due tomorrow.
Nintendo has had a strong hardware backbone over the last few years, but that position has been weakening lately. The Wii is in its twilight years with fewer new games hitting while the company focuses on the Wii U. The 3DS, which could have carried the company through the waiting period if it had sold like the original DS, sold slowly enough to warrant a heavy price reduction within months of its release.
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Shacknews
replySteve Watts posted a new article, Report: Nintendo to post $1.32 billion loss tomorrow.
Nintendo is expected to pose a loss of 100 billion yen ($1.32 billion) tomorrow, much higher than the company's previous forecast of 55 billion yen.-
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They have a long way to go before they reach that point. A lot of people don't know that Nintendo is a cash only company (no debt) with massive money reserves that allows them to weather a storm like this one. I wouldn't start worrying about the company until after December if the 3DS is still under-performing when a mario platformer and a mario kart are available.
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I think we can agree the 3DS is a flop. And so will the Wii-U or whatever the fuck that device is going to be called. The gimmick of the Wii was awesome and they rode the fuck out of that and the DS popularity, but I truly think that they have no place in the hardware game anymore.
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Nah, the DS took a while to launch too (albeit it didn't hurt as hard at the beginning), give it a revision with better battery life and some games actually worth owning and we'll see it turn around.
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Nintendo had about $15 billion USD back in April, so they're probably around $13 billion now. They keep one of the largest cash stockpiles of any business in the world.
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I'm not saying they aren't dwarfed by other businesses (especially in the financial sector) but they're still in like, the top 0.003% of publicly traded companies world wide for cash holdings.
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Gee multisync is there anything the iPhone can't do?
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be an actual usable device for games where your fingers don't obstruct half the screen?
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Eventually you'll just be connecting a controller to it through bluetooth as it wireless displays the game on your TV.
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I will always prefer a hardware controller but that's another possibility.
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Fuck that. You may like tapping on the screen to do everything but I'd prefer not to have to constantly look down at the controller to see where my fingers are.
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But that doesn't really solve the problem of using it outside of the home though. This isn't obviously just an issue with the iPhone but every touch screen device. I wish there was some sort of addon that I could snap the phone in to that had a dpad and face buttons.
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That would be pretty brilliant, could connect via micro-USB.
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http://www.thinkgeek.com/gadgets/cellphone/e8f5/ needs buttons though
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How does that work when you aren't at home? How do you deal with adding wireless lag? Why even do wireless to the TV? If you are going to play for a few hours you are going to have to plug the phone in because running games in 3D drains the batteries quickly.
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Or this, this would work too.
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a usb controller shell probably. And wireless to TV because eventually it will be quick enough to replace cable. I already do HDMI to phone to Wii + Classic Controller on mine for a few games.
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You're not forward thinking enough. Eventually everyone will carry a powerful computer in their pocket that they use for everything and can wirelessly hook up to displays everywhere!
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And eventually we'll have jacks in the backs of our skulls.
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If that (not literally, but the spirit of what you're talking about) does happen, I don't see it happening for a very, very long time. The pocket computer replacing the desktop is something that will happen ages before that.
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I am still skeptical about that. Battery life alone being a huge hurdle. If someone comes up with a new battery tech that is miles better than what we have now then it's far more likely.
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Yeah, I think battery life is probably the largest hurdle to overcome. The CPUs will get faster and smaller, storage space will improve, etc etc. But battery life is something that's been pretty slow to progress. Like you said, we'll probably need a big new tech for it.
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In the interim we'll have stuff like Kalel I think, where a single, totally powergated slow but power-efficient CPU is used for most tasks but the rest powers up when needed. That and you'll probably be able to plug your phone into your TV/monitor when needed for more powerful stuff.
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carbon nanotubes.
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Please make it so we can filter out anyone. KTHXBYE.
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hahahah
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The shack really is a bit better when you don't have a job that prevents you from posting during the day.
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It's so strange how quickly they seem to be falling from grace right after such a hugely successful gen on both the console and handheld fronts. I guess this was always the risk of their innovation-driven business strategy - run out of good ideas and you've got nothing. That and the fact that they went for a new market with the Wii that didn't end up having much staying power, and the 3DS was overshadowed by the rise of smartphones.
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How can they be losing money? What did they just buy or invent to cause this?
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Sales have been slowing down massively and the company itself has only gotten larger.
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China Nintendo must glow larger.
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Ouch...
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I think Nintendo might be fairly boned. The next console that they're going to release is going to have Dx10 capabilities. But they're going to be the odd man out* next generation--I strongly suspect that both of the next generation consoles will have hardware tessellation capabilities.
And despite the fact that the Wii sold like gangbusters, there were really extremely few third-party titles that were big successes on the Wii (less than 5 Oh shack and your less than bug, you almost tricked me).
Combine those and I suspect you're basically only going to really see first party titles on the Wii U, and I'm not sure that'll be sufficient to actually entice most people to purchase one.
Of course, the upside is that I suspect the Wii U will be profitable from the get go as previous Nintendo consoles have been, so maybe they'll pull an upset.
* I have no inside information here, this is purely speculation based on time frame.-
It's based on the 4800 series chips with a die shrink right? That means it can do tessellation, though it won't be able to implement it the same way. They're hoping to get a lot of crossover titles at launch too and probably for the remainder of the PS3/Xbox 360's lifespan so at least they'll get a couple AAA's from other studios. I just don't know how it will sell.
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I think the hardware gap was just too big, all the ports that tried to come failed due to the massive change in control scheme and inability for publishers to get similar visuals, AI, and otherwise out of the underpowered system. I don't think the gap between the Wii U and the PS4/Xbox 720 will be as big because there's no need for it. Visual fidelity is too expensive to keep that up, that being said I still think it will be the cheapest/lowest power of the bunch again.
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I think their failure is ultimately tied to having the Wii (and looks like Wii+) as "just" a game machine with a poor online service, very little social features, and no media capabilities. They didn't expand on the Wii to make it more useful/dominate, they just kept coming out with new hardware gadgets, something they are continuing to do with the Wii+.
I can see them being a handeld only company at some point that focuses mostly on their 1st party IPs.-
The only one that has a leg up on the media machine side of things is the PS3 with blu-ray. They really need to get a better online presence I'll agree but otherwise that's what an HTPC is for.
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Reggie was moved up too fast. He was taking names and now he's gotten fat and lazy.
Also, screw Mario. -
Time to pull their heads out of their asses. Ditch the Wii U, bring out a next-gen console with 1080P, true online functionality at least on par with Xbox Live from 2005. Get some god damn adult games made, like a Zelda that has Link cutting motherfuckers heads off. Give me a 1080P Mario with Achievements. Above all, be done with the waggle shit nobody uses.
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They've stated it'll be an "HD system" and I don't doubt it'll be capable of running games in 1080p, might be all first party games do so and lots of 3rd party games opt for 720p but that's still better than most 360/PS3 games. They really, really need the software to back up this gen though.
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My main concern is their online system. Leaving it up to publishers sounds like an awful idea and probably the reason why I will never buy a multiplatform game on the Wii U.
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Yeah, that's a great way to fracture their marketplace, but if it has enough governance it might work. That is the area of my biggest worry though.
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I'm excited about, so now you've heard someone.
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so basically, stop being the nintendo that has brought them this far
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That's not true at all. Before the Wii, Nintendo consoles were always pushing technology forward. The Wii obviously penetrated a new market and made them tons of sales, but now that that's died down they're starting to hurt. The 3DS was not a significant enough improvement on the DS and has sold poorly (which forced a very early price drop), and from what we've seen of the WiiU it does not appear to be a significant improvement on the current generation (360/PS3). Maybe the WiiU will be bought by the new demographic that made the Wii such a success, but it's hard to be confident in that happening.
Personally, I'm just angry that NOA refuses to bring good Japanese games to North America, forcing fans to push for it and do all the marketing themselves (ie, Operation Rainfall). Seems like they just gave up.-
i dunno. the N64 was powerful in some ways but hobbled in others (cartridge-based games? terrible RAM amount). the gamecube wasn't really a powerhouse - it sat slightly in the middle of xbox and ps2 and was weaker than PS2 in some areas. the wii of course is very low-power.
i don't think nintendo has pushed the power angle of technology in a long time, but they do innovate in other areas of tech, like UI, interface, that sort of thing.
the DS was pretty inferior to the PSP as well (not that it mattered saleswise) -
Nintendo still pushed forward, just not in every way. The Wii U should be much more powerful than the current Gen, it's basically all 2010 tech, vs. the 2005/6 tech in the PS3/Xbox 360. The next generation from both Sony and Microsoft will probably also be based on stuff 2 years old when they come out, it'll just be later (2011 if 2013, 2012 if 2014), as they'll have no reason not to keep the costs down given the cost to studios for developing higher visual fidelity graphics. The difference then, will likely be 1 or 2 years, vs. the 3 or 4 that happened during the current gen (between Nintendo and Sony/MS) and they'll have a head start instead of launching last.
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N64 was released later and had less ram then its competitors and had a cartridge based format that limited game size and made games more expensive for developers and consumers.
Gamecube couldn't play dvds or even cds iirc.
Aside from the NES and SNES, Nintendo has never really been on the bleeding edge of tech.-
The N64 was an amalgamash of bad design decisions, the GC wasn't that bad, in some tasks the GPU was the best of the generation (in other ways of course it failed miserably but it was a competent piece of hardware). The Wii is the first time where they really didn't try to compete bleeding edge wise, save for the controller.
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The only problem I have with this is that, since they don't do that kind of stuff, it would have to be outsourced to a third party. That being said, they've outsourced Zelda to Capcom before and I think they could do an awesome gritty Zelda game.
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True, I don't exactly agree with that sentiment, but I think there's an audience for Nintendo IPs done in an M rated fashion.
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* N I N T E N D O N ' T *
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Notendo
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Nintendone
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sounds like this time, the disrupter became the disruptee
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NotIntended
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Nintendobama'd
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Quick! Release another Mario and generic 3D Zelda game!!!
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Bargain-Bintendo. It sucks, but it's pretty obvious: when competition gets tight, you can't just keep doing your own thing. You have to do what works, and put your own spin on it. Kinda like Apple... They make unique products, but the products do the things we expect. The 3DS added 3D, which was cool, but it lost the essence of what made the original DS great. Awful battery life and games that barely use the touch screen couldn't be more different than the DS line that so many people know and love.
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They'll never let a third party touch it again most likely, although it's strange that the original creator's ideas for her were so far off from the fanbase.
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This man is so correct I don't know what to do with myself.
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Funny thing is their sequels are usually really good and way better then most games out there.
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They should make another underpowered console snapped up by a heap of non gamers treating it as a toy, then shovel out all their old shit, slightly tarted up on it!!!!
Because those finicky 'latest toy' types will totally stick with them like loyal customers, continuing to buy their games in the long end of the release of the console where the money is made, honest.............. ohhhhhhhhhhhhhhhhhhh
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