-
Hey, guest user. Hope you're enjoying NeoGAF! Have you considered registering for an account? Come join us and add your take to the daily discourse.
Nintendo full year financial results [23.2B yen loss, 3.6M Wii U/12M 3DS forecast]
- Thread starter zomgbbqftw
- Start date
Ah, sorry. Got the info 2nd hand and, like much 2nd hand info, may not have been true.
Mysterious
Banned
Those would be wearable. Iwata doesn´t like wearables. Thats why you rarely see pictures from insides Nintendo buildings.
So I take it you haven't found any examples in this thread of a user wishing for Iwata to "kill himself"?
As Iwata has said in the past, Nintendo has no desire to compete directly with Sony and Microsoft because Nintendo isn't a "resource-rich company" like they are ,and it also values it's company's philosophy of being differentiate itself from them because Nintendo doesn't embrace many of the industry trends Sony, Microsoft and third parties do. Nintendo's also not a follower, so it wants to do things its own way. Iwata's even admitted that Nintendo is not good a competing with others, and he';s right about that. In addition, Iwata's also gone on the record stating that Nintendo is not a good competitor... and he's right. Nintendo also continues to demonstrate that it is not interested in what Sony and Microsoft are doing, so it shows that it is willing to face risks involved in taking the road less traveled and I don't expect that to change in the next generation. Nintendo has a steep uphill battle to climb if it ever tries to seriously attempt to cultivate the target demographics that Sony and Microsoft primarily go after. The market just isn't big enough for three platform holders to battle each other on common ground, especially when Nintendo is not committed to the challenge in solving its target demographic issues and being able to cater much better to third party demands.
Iwata said Nintendo's goal is to find a new blue ocean for itself , and while it didn't work out with 3DS and Wii U, it's trying something late into this generation with its mysterious Quality of Life product. Nintendo's goals and approach to hardware design for its dedicated handhelds is quite similiar to how it treats its home consoles, but its home consoles face issues that are largely irrelevant to its dedicated handhelds because they exist in separate markets with different expectations. Hardware power, third party multiplatform support, western publishers, robust online services and mature software are not things Nintendo has to be concerned about with its dedicated handhelds face, but they are a concern for its home consoles.
ElectricBlanketFire
Member
It'll be like Fitbit, only with a 5-pound helmet bundled with a balance board for $79.99.
Killing_Joke
Member
So they only expect a 1 mil bump with their heavy hitters? Stick a fork in it, it's done.
PS4 will hit 20mil sold before WiiU hits 10mil shipped. Crazy.
PS4 will hit 20mil sold before WiiU hits 10mil shipped. Crazy.
No he doesn't. Quitters never win.
Pulling the plug on Wii U will destroy their reputation and massively increase the chance of failure of any future hardware they release. Doubling down on it would do the opposite. Taking a 50 year view rather than a 5 year view it's clear that they should just continue as planned with Wii U, perhaps taking some risks with software.
In terms of future hardware plans you can see their is more competition from more general purpose devices(smartphones/tablets). The way to compete would be differentiation and quality. The area where they most likely would need to consider compromise is in terms of price and they may have to give up the luxury of premium hardware pricing.
If they build their Nintendo OS and network then they could also supplement the console and handheld with an actual tablet as well I guess. QOL could also tie into all of this.
Impossible. Iwata IS a sword.
Mysterious
Banned
If you make mistakes as CEO, it is customary for you to step down (or be fired).
Target Canada's flop and the credit card security breach led to Target's CEO stepping down.
Makes sense. He seems to be infatuated with Nintendo's Demise.
Stone Ocean
Member
Must... resist... puns...
Yes, but what do you mean by cutting edge? If you mean technologically, I dont think it's clear at all if they will go that way.
Well at the last investor's meeting Iwata said they would have their next handheld and console be like "brothers" with shared architecture so games could be ported between them, he even said they were looking at iOS. I think that will help, if the Wii U at least got the notable 'big' 3DS games it would be very attractive to people that prefer consoles to handheld (which a lot do in the west).
He is the sword that was sworn to protect Nintendo but is actually the sword that will kill Nintendo if he remains.
A custom that promotes short termism and reduces the chance of long term success. Nintendo shareholders would be right to ignore it. If Iwata shows that he is unable to adapt and make changes then perhaps it would be reasonable, but the company is already very dynamic and he's taking the strongest and clearest possible action he could take with the QOL.
Psycho_Mantis
Banned
Iwata's sword is the sword that will pierce through Nintendo's war chest.
Mysterious
Banned
Steve Ballmer was forced to resign. Steve Jobs was forced to resign. Ken Kutaragi was forced to resign. Satoru Iwata will be forced to resign.
ElectricBlanketFire
Member
Should shareholders ignore his ridiculously botched forecasts too?
To be honest, I don't think it's lasts past 2015, so 15 million even seems ambitious.
Opinionatedfish
Member
A few notes.
Also, the 3DS.. I'm looking at the announcements...
I'm thinking...
August: Smash Bros.
September: ????
October: ????
November: Alpha Sapphire/Omega Ruby
You know, October would be a really great place for a remake of Majora's Mask on the 3DS. October 31st is a Friday.....
- The Wii U Holiday title is Smash Bros and something they haven't mentioned yet. So, it must be a second tier series based on the lowered forecast.
- Yeah. Losses. Well, at least you can roll those onto your taxes and often get money back. That should help cushion the blow of the new assets. (The new building is the biggest asset investment.)
- 12 Million for the 3DS forecast the same day as Ruby/Sapphire Remake announcement. Hmm.
Also, the 3DS.. I'm looking at the announcements...
I'm thinking...
August: Smash Bros.
September: ????
October: ????
November: Alpha Sapphire/Omega Ruby
You know, October would be a really great place for a remake of Majora's Mask on the 3DS. October 31st is a Friday.....
I'm excited to see what Nintendo does next. Their software, even in the midst of this ridiculousness, has remained of an incredible quality. I think that needs to be applauded. I remain a Nintendo supporter because of that, but I desperately want more from them. More diversity most of all.
CosmicQueso
Member
Joke post?
Yes, that's the biggest thing I want as well.
Fixed to believe!
If he keeps making botched forecasts that would be something to consider. Although in this case seems this next years forecasts are more reasonable. The important question isn't whether someone makes mistakes but how they are able to react to them.
What action would you say is stronger than supplementing the two existing product lines with a third product line?
AdmiralMikey
Member
Years ago, I would've felt very sad to see Nintendo faring so poorly in the marketplace it helped build.
Nowadays, I think I've really detached myself from the whole caring about the finances of the company. I'll just enjoy the Wii U and 3DS titles that come down the line from Nintendo as they come and just enjoy the ride while it lasts. If it ends with Nintendo driving themselves into oblivion, that sucks, but there's certainly no lack of excellent games to play on other platforms and from other publishers.
I hope Nintendo doesn't kill themselves, and I can keep playing quality Nintendo titles for decades to come, but it's hardly the end of the world if Nintendo goes under.
What will Nintendo show off at E3? I don't know, but I bet it'll look pretty fun. How will Nintendo show it off on E3? I don't really care, I'll find a way to watch it. Will Nintendo survive to reach another E3? I don't know, but at least I'll have Smash Bros to play between now and then.
My emotional connections to Nintendo run deep, very deep. But that's all they are, emotional connections and history. My logical connections dictate that my gaming life going forward will overall change very little should Nintendo drive themselves out of business.
Nowadays, I think I've really detached myself from the whole caring about the finances of the company. I'll just enjoy the Wii U and 3DS titles that come down the line from Nintendo as they come and just enjoy the ride while it lasts. If it ends with Nintendo driving themselves into oblivion, that sucks, but there's certainly no lack of excellent games to play on other platforms and from other publishers.
I hope Nintendo doesn't kill themselves, and I can keep playing quality Nintendo titles for decades to come, but it's hardly the end of the world if Nintendo goes under.
What will Nintendo show off at E3? I don't know, but I bet it'll look pretty fun. How will Nintendo show it off on E3? I don't really care, I'll find a way to watch it. Will Nintendo survive to reach another E3? I don't know, but at least I'll have Smash Bros to play between now and then.
My emotional connections to Nintendo run deep, very deep. But that's all they are, emotional connections and history. My logical connections dictate that my gaming life going forward will overall change very little should Nintendo drive themselves out of business.
ArchedThunder
Banned
What was Nintendo's net loss last year?
ElectricBlanketFire
Member
Up until now his reaction was to keep making impossible forecasts that, if I was a shareholder, would be insulting.
This new forecast is only realistic, if not optimistic at best, because they had no choice.
I don't think we'll see Majora's Mask remake this year, not that Nintendo doesn't have a development team ready to make it (probably developer Grezzo) but the 3DS just had A Link Between Worlds last holiday season, and their getting another remake of a different franchise with Pokemon Ruby and Sapphire. I think Nintendo may be saving Majora's Mask remake for next year. Besides, it's not like this year doesn't have Zelda, because it does with Hyrule Warriors. Who knows, we may see a potential double dose of Zelda in 2015 with Zelda Wii U and a Majora's Mask.
Bony Manifesto
Member
I'm not sure Iwata's covered himself in glory on that side of things either. It's literally only now that he's starting to acknowledge the Wii U has a problem that can't be fixed with a few more sequels and some clearer marketing.
Well, it could run Steam OS, for starters.
Father_Brain
Banned
While QOL is certainly a change in strategy, is it really that massive a change if Nintendo is still focused on catching lightning in a bottle again?
DrROBschiz
Member
Now THIS i could get behind!!
Xperia Play got an early grave that it didnt deserve! Someone needs to step up to the plate on this
Well there is Project ARA....
Aquamarine
Member
ArchedThunder
Banned
Actually...
Last year Nintendo had a net profit:
Uh oh... and here I was thinking maybe they lost less this year. The investors probably aren't very happy with Iwata...
I think that people who entertain the possibility of Nintendo competing on Microsoft and Sony's terms haven't paid enough attention to what the company has been doing since before the Wii U was even released. If anything, the recently mentioned iOS-inspired approach for next-gen is another move to make sure they're able to easily support their future platforms by themselves without splitting resources, if need be.
The only "cutting-edge" console you may (and that's still a stretch) see from Nintendo in the future is some kind of Pro SKU that plays Nintendo OS games at max settings.
The only "cutting-edge" console you may (and that's still a stretch) see from Nintendo in the future is some kind of Pro SKU that plays Nintendo OS games at max settings.
Exactly! And health initiatives are a dime a dozen.
KennyLinder
Member
So..
Mario Kart 8
Hyrule Warriors
Bayonetta 2
Smash Bros
Watch Dogs
... And Wii U will be quietly put to bed after that?
Mario Kart 8
Hyrule Warriors
Bayonetta 2
Smash Bros
Watch Dogs
... And Wii U will be quietly put to bed after that?
nevernamed
Banned
Nintendo should just pack it in. The make stuff that people buy to collect dust.
ElectricBlanketFire
Member
This is reads like when you use a free translation website.
If by quietly you mean ending it with Zelda U then yes.
R
Rösti
Unconfirmed Member
Is there any interest in a bingo card for the investor presentation tomorow? I did one for the QOL presentation.
Same here. I love the quirky titles nintendo puts out, and Wii U isn't half that bad - it's an ok console that was too expensive at launch but is worth it at 200€ imo (price i bought it at).
With the PS3 dying (software wise, dark souls might've been my last purchase but PSN+ will keep me occupied) and PS4 not having anything attractive to me at the moment, the Wii U is actually the perfect console to have.
Been playing hours of NES remix 2 these last 2 weeks, and still have Mario 3D World, DC:TF, Zelda WWHD and Mario kart 8 to get me through the summer.
Combined with Puppeteer and Dark Souls 2 I currently feel like I have the best of both worlds.
PS4 will be my 2015 console, when the first releases by From, Japan Studio's, Quantic or Naughty dog start coming in.
Phoenician_Viking
Banned
No it was not a good seller or else Sega would have made a sequel long time ago.
If? They've missed their numbers something like 5 years in a row. If the man hasn't convinced you yet that he has no understanding of the true scope of the problem, then he never will.