jcm said:The key part of your statement is "at the moment". Nintendo had to cut the price by a third to make that happen. Before the price cut the sales were, in fact, abysmal.
The Game Cube sales were abysmal. Nintendo is doomed.
jcm said:The key part of your statement is "at the moment". Nintendo had to cut the price by a third to make that happen. Before the price cut the sales were, in fact, abysmal.
What did he do? Too much Nintendo defense?JimWood27 said:I miss AceBandage in these threads.
Probably. Apparently there is some watch list for known fanboys and if they start to get too out of hand the mods give them a break.CoffeeJanitor said:What did he do? Too much Nintendo defense?
Eeep!JimWood27 said:Probably. Apparently there is some watch list for known fanboys and if they start to get too out of hand the mods give them a break.
Good. He is a little too over the top imo, so it's good they keep them in line.JimWood27 said:Probably. Apparently there is some watch list for known fanboys and if they start to get too out of hand the mods give them a break.
Truth101 said:The Game Cube sales were abysmal. Nintendo is doomed.
bigtroyjon said:How many years did Nintendo lose money while the Game Cube was selling?
Things are slightly more complicated then just the number of units of hardware they are able to sell.
Truth101 said:The Game Cube was also sold at a small loss in the begging of its lifetime. Production costs for the 3DS should start scaling downwards as the factories are more active, producing more units, because more are being sold. So, the 3DS system itself should begin to be profitable sometime next year.
While the slow start of the 3DS might have hurt Nintendo a bit, it would be a drop in the bucket compared to how much they are loosing due to exchange rates. The 3DS is also in a transition stage right now replacing the old with the new.
By this time next year Nintendo will be back to posting profits, as they seem to be sinking most of their losses this year. they will also have the Wii U on the market by this time next year, and with how the Wii has been selling, software wise, the transition will probably be much shorter than that of the 3DS.
Though these are just the opinions of someone who just dabbles in Sales-Age threads, so by all means take everything I say with a grain of salt.
bigtroyjon said:They had a 57 billion yen operating loss and had 52 billion in foreign exchange losses. Exchange rates have hurt them but the big drop in revenue is just as much of a reason for their losses.
Shanadeus said:Nintendo is doing this purposedly so that they can rebuy their own stocks.
Then they'll rise again and leave behind bitter investors who'll be left with nothing but broken dreams of Nintendo smartphones.
It is legal.PdotMichael said:because it's legal and possible
Brazil said:It is legal.
I'm sure he meant "buying back stock" was legal.PdotMichael said:false balance sheets is legal?
Yeah, sorry:PdotMichael said:false balance sheets is legal?
I thought you were talking about buying back stock, PdotMichael.Scum said:I'm sure he meant "buying back stock" was legal.
I was and I thought PdotMichael was questioning that too...?Brazil said:Yeah, sorry:
I thought you were talking about buying back stock.
Elios83 said:Just a curiosity but has Nintendo stopped to provide their charts with consoles sell through sales in different regions? Europe particularly?
BKK said:
PdotMichael said:and a smartphone entry is maybe not the dream of a sonyfanboy but if Sony can't make a profit with hardware anymore, it's better to change the business strategy
PdotMichael said:and a smartphone entry is maybe not the dream of a microsoftfanboy but if Microsoft can't make a profit with hardware anymore, it's better to change the business strategy
Actually, Sony lost money (full FY) during the release of the PS1, the release of the PS2 and the release of the PS3. MS lost money during the release of the Xbox and the release of the 360. I guess it's not a "generational transition" the first time so you can call it hardware launches instead if you want, but there's definitely a trend there.jcm said:Are you claiming a single data point is a trend? MS has only had one generational transition. Sony only had one that resulted in losses. Granted, that one data point was really, really bad, but claiming Nintendo's recent performance is just business as usual isn't true.
Uh, I said precisely that this is unusual for Nintendo. The original plan was obviously to make a profit selling the 3DS for $250, but when that didn't work they were uncharacteristically aggressive in devising a plan B.jcm said:Oops, you're right. They had a loss in 2001. Thanks for the correction. Nevertheless, I still say the original claim is wrong. If Nintendo thought losing money during a transition was something to be expected, they'd have forecast it. It has obviously taken them completely by surprise. Pretending it's business as usual is just wrong.
Panasonic Corp. (6752), the maker of Viera televisions, forecast its biggest annual loss in 10 years because of a stronger yen, declining sales and a one-time charge for restructuring its TV and chip operations.
The full-year loss may be 420 billion yen ($5.4 billion), the Osaka-based electronics maker said in a statement today, reversing an earlier projection for profit of 30 billion yen in the 12 months ending March 31. That includes a charge of 404 billion yen for streamlining the TV and semiconductor businesses, according to the statement.
GodDuckman said:And as expected, the "Nintendo might very well be doomed" talk has reached an all-time high. And well, it's scaring the crap out of me, because THERE IS NO GREY AREA. And I don't think my emotional well-being could take Nintendo going third party. I'd cry. I'm being deathly serious. I'd bawl my eyes out.
Can anyone here alleviate my fears? I just want hard evidence, because every other site I've seen has plenty of evidence as to why my fears are going to become very, VERY real.
Iwata in the Q&A for 1st quarter fiscal results said:One other factor is our financial characteristics. I have repeatedly said, 'Please allow us to hold high liquidity of assets since this business has very high risks. We can have more options if we have high liquidity.' During those days, when the Wii and the Nintendo DS were in a continuous good cycle, we had cases where people asked us, 'Well, won't you be all right even without holding so much cash?' But it must be a factor to our ability to make decisions like these under situation like this, and along with this, proceed with the development of the Wii U and take on its business risks. We will put our best efforts to make this decision a good one."