Another year, another loss and this time a big one. Things don't look good for the future either.
Nintendo NEEDS a major company direction shake up. Iwata, Miyamoto, Shibata, Takeda and Reggie needs to leave.
So their income is artificially inflated due to weakening of the currency? Great.
You mean the whole company? Sure sure.
Well, you could say that their previous loss in 2011 was artificially inflated by a strong yen as well, couldn't you? Works both ways.
Again, the loss in the Bloomburg article is for the entire 2012FY and they predict profit for 2013. Sure, they don't predict enough to save Iwata's job, but still. Profit is profit.
Since most people here apparently didn't read the ITmedia article, allow me to quote it:
http://m.neogaf.com/showthread.php?t=510925
The 100 billion yen operating income goal is for the fiscal year that just started.
Ok, why does gaf hate Iwata so much?
As someone who doesn't own a Wii U yet I hope they don't rush games out. I don't want another Sunshine or Wind Waker situation.
Since most people here apparently didn't read the ITmedia article, allow me to quote it:
http://m.neogaf.com/showthread.php?t=510925
The 100 billion yen operating income goal is for the fiscal year that just started.
As someone who doesn't own a Wii U yet I hope they don't rush games out. I don't want another Sunshine or Wind Waker situation.
Not as bad as I was expecting. I would assume Iwata has until the end of the fiscal year to turn it around or take a curtain call.
Iwata said Nintendo wouldn't go third party while he was leading the company, so there you go. The people controling the lines of popularity are probably deliberately pushing Iwata over the edge so Nintendo can get a new president and go third party. I hope it doesn't work.
Anticipating alot of great software from Panic Mode Nintendo.
I didn't know Nintendo was all about just five people.
They were both rushed games. Especially wind waker.
They weren't as good as they could have been. Nintendo admitted they were both rushed.
Pretty confused by this currency change - how does it affect their current total loss?
Panic Nintendo is pretty damn unstoppable.
Shibata needs to leave.
Also from the article:
"While Nintendo struggles with its main business, a weakening of the yen may give some relief, as it boosts the value of overseas earnings. The Japanese currency has depreciated about 13 percent against the U.S. dollar this year and touched a four-year low of 99.95 on April 11.
That may enable the company to post net income of 14 billion yen tomorrow, the company said in January."
So, Nintendo will have operating loss and net income?
they made the wii and stopped making games.
$600m loss in two years is pretty awful though. that's something you might expect from sony or microsoft.
i'd say it's almost entirely on the back of the 3ds though. they banked so hard on it being the profit-maker at $250, and sacrificed a lot to get it into homes.
They were both rushed games. Especially wind waker.
Bububu, the Wii U doesn't make them lose their profits!
You forgot point 4. Allocate all resources to a multitude of games to be released in 2 years ala 3ds.panic mode nintendo is: price drop a few months after release, third-party partnerships (with major franchises), and rushed games. it's not very fun. well, the first one is beneficial for consumers at least.
this is what makes me think they are releasing everything they've fucking got this year. pokemon, zelda, mario kart, yoshi, mario & luigi, mario wii u- anything and everything. they have to do this because there's no other way they're making $1b or coming close to it.
You forgot point 4. Allocate all resources to a multitude of games to be released in 2 years ala 3ds.
If Wii U Zelda ends up being half as good as Wind Waker, who gives a shit.
Bububu, the Wii U doesn't make them lose their profits!
From the article:this is what makes me think they are releasing everything they've fucking got this year. pokemon, zelda, mario kart, yoshi, mario & luigi, mario wii u- anything and everything. they have to do this because there's no other way they're making $1b or coming close to it.
i'm really interested in their projections for the wii u. i'm guessing 10m for the fiscal year.
The company may have sold 3.5 million Wii Us last financial year, missing its target of 4 million, Takeshi Koyama, a Tokyo- based analyst at Mizuho Financial Group Inc. (8411), said in a report April 16. The company may sell 9 million units this fiscal year, he said.
If Wii U Zelda ends up being half as good as Wind Waker, who gives a shit.
They weren't as good as they could have been. Nintendo admitted they were both rushed.
Emphasis on the word "situation". The games still turned out fine enough.
Ehh, I thought they were both pretty incredible games. *shrug*What is hard to get? WW was rushed out leading to missing dungeons. Also, to be honest i expected a lot worse although iwata should still go.
I would not assume that, provided the next quarter or two is bad enough.
Quoting because a lot of people in here are proving they don't read statements well enough to know right here is where the facts are.Since most people here apparently didn't read the ITmedia article, allow me to quote it:
http://m.neogaf.com/showthread.php?t=510925
The 100 billion yen operating income goal is for the fiscal year that just started.
Posts like these are why I come into these threads.Another year, another loss and this time a big one. Things don't look good for the future either.
Nintendo NEEDS a major company direction shake up. Iwata, Miyamoto, Shibata, Takeda and Reggie needs to leave.