Baconsammy
Banned
So when Sony gives Vita numbers they lump it in with PSP? Their shareholders let them get away with that?
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Nintendo posts $160M net income, cuts 3DS/Wii U/NDS/Wii forecasts
- Thread starter Parmenides
- Start date
I'm pretty sure they've been combining PS2 and PS3 numbers as well.
electroplankton
Banned
Also considering that 3DS from now on should increase YOY thanks to more software, more owners, Pokémon and price-cuts.
Because it's never going to match the original DS' sales, it's a failure!
Agreed. Compared to the fucking behemoth that was the DS? Yeah, it probably doesn't hold a candle. It's probably doing more than well enough to keep the lights on at Nintendo, though, so "pretty awful" seems more than a tad hyperbolic.
Not just Pokémon. It is going to destroy Japan this year
Dragon Quest 7
Monster Hunter 4
Pokémon X & Y
It's going to be crazy
Aquamarine
Member
GC LTD: 21.74 million
- 3DS LTD: 29.84 million -
N64 LTD: 32.9 million
The 3DS is on track to pass the N64's lifetime sales within the next two quarters.
I'm gonna put my bet on this. I honestly believe that they figured with the new Wii Pad and games they announced (Mario in particular), they'd be riding a wave of hype to the bank. I think they made a gross miscalculation and it shows in how they're doing things recently especially with the last Nintendo Direct.
This also goes for the 3DS. I figure they thought that the system was moving quite well in Japan with the software they had that it would also pick up in North America as well. Unfortunately, that just wasn't the case. Mario can't save them on his own, there needs to be something else to get people hyped up.
Perhaps they'll look at things a bit more conservatively now and try to build up some hype. I know the Wii U needs it something fierce. Just about everything I hear about it from gaming sites to people on other forums is something bad. So much negativity that they need to really get a hold of and quick. Though, they should have seen this situation back at E3 last year.
This, sure. But I would have expected Nintendo to have a clear view of where the business was heading given the impressive feedback the gamers give to the industry through websites like NeoGAF. It was always clear that the one with the better games wins, and we also made clear that the hardcore crowd spends more, and invest longer on the platform. So it was clear that chasing the hardcore dollar was a priority and that investments should be done in that regard. Now, with all the investments done in the HD sector, you would expect the price of middleware to fall between 2005 and 2009, and Nintendo to grab the knowledge involved for almost peanuts, and thus chase the harcore in an unprecedent good position. But somehow, they splashed imopressive amounts of money for what was already made and proven, like engines and OS, and managed to do so badly. I don't understand how they could spend billions in R&D when basically everything was at disposal to end up with a turd.
The only problem I have is that some games I want to buy invariably stay exclusive to non-Nintendo consoles like CastleVania this gen for example. I feel forced to buy another consoles because these Nintendo guys are incapable of securing third party deals on their console, which makes me rage given the fact that they are the gorilla of the sector. How come they can't provide us with more games, and give us incentives to buy their products ? They don't think that the costs of beefing up the hardware and to moneyhat third parties is worth the increase in sales ?
StreetsAhead
Member
Plus MegaTen 4, Friend Collection 2, Luigi's Mansion.
It's going to be brutal here for other systems, unless Soul Sacrafice really catches on.
Baconsammy
Banned
It's only 'pretty awful' if the company making/selling it projected it to do more and based their entire business around achieving that number. Stores buy hardware and software from Nintendo based on Nintendo's own projections. Warehouses full of Wii Us and games don't tend to make them happy.
michaelius
Banned
Next quarter will be blood bath looking at those levels of overshipping.
It also has to do with consumer buying habits. If consumers are more-or-less "trained" into getting those kinds of games elsewhere, they don't bother with the ports, third parties aren't going to see a return on their investments. Assassin's Creed 3 probably didn't do too hot on WiiU, neither did Black Ops 2. It perhaps depends on what the publisher expectations were for these versions, but I can't imagine they were high, and even so, I can't imagine they were met.
That's me speculating, though.
Pretty massive U software forecast cut. But with the important "launch window" games getting delayed (Pikmin, 101), there's not really anything to sell in this period, is there? Except half a month of Lego.
Games drive console sales, and the U doesn't have much to offer there. So a reduced forecast has to follow. But a prediction of less than a mill in 3 months between every region? That's kinda bad, no?
"Could be worse," sure, but still pretty bad nonetheless. I'm predicting some kind of future price cut / ambassador announcement. Maybe they should move their asses on that Virtual Console stuff so owners have something to play, too.
Games drive console sales, and the U doesn't have much to offer there. So a reduced forecast has to follow. But a prediction of less than a mill in 3 months between every region? That's kinda bad, no?
"Could be worse," sure, but still pretty bad nonetheless. I'm predicting some kind of future price cut / ambassador announcement. Maybe they should move their asses on that Virtual Console stuff so owners have something to play, too.
Because its failed to meet every one of Nintendos expectations, even after they reduce them, at a time when Nintendos handheld unit sales are at a decade low despite no viable competition, and they just slashed the software forecast as well. You're entitled to a different opinion, but I'll base my expectations off of Nintendos + historical sales.
axisofweevils
Holy crap! Today's real megaton is that more than two people can have the same first name.
Wow. That's far better than I expected. With the Wii U being sold at a loss, I'm amazed they ended this quarter in profit.
Because revising your forecasts downward, having a second year holiday for your flagship handheld that's worse than your first in NA, and generally not showing growth - even in light of previous gains - isn't exactly preferable, especially if you're an investor (which is the only thing that matters in this topic).
Come on guys.
Magicpaint
Member
"Not preferable" is a different thing to "awful" though.
nintendo is probably over there researching how to create real life fucking Pokemon and you're upset. cut them some slack, who knows what the hell they're doing. i'm glad there's at least one company doing massive amounts of vidya research.
forecasts try to be accurate, not generous. they did not accurately gauge the market, but that does not mean they're disappointed or that the 3DS is not printing money.
Last update was 2.2M but that was mid of last year (before Sony hidden the data grouping their platforms).
I'd say it's closer to that than what the spin is trying to convey.
It's healthy in the Japanese market, which is picking up the slack, but the sales in the west aren't encouraging. And I don't really think this year is going to help things much until Pokemon in the fall.
You don't think Nintendo is disappointed with missing their forecasts and potentially pissing their investors off?
I just don't see how it's not a "disappointment" that they couldn't reach their "inaccurate" goals. You're using semantics to basically say it, without accepting it.
bigtroyjon
Member
losing money is losing money is losing money.
Despite all those 3DS sales, they are still running an operating loss. They have scaled their business up so much that the current level of 3DS sales aren't enough to make any kind of real money on.
3DS is clearly not printing money.
Baki
Member
Over shipped by close to 500k units in the US. (800k units in US by end of December, the console is probably posting sub 100k mumbers monthly)I don't expect any additional shipments in NA for next quarter. Expect the WiiU to ship an additional 500k units at best, next quarter. (300k Europe, 160k Japan, 40k NA).
Expect price drop after E3.
They're at profit now, ergo they're not losing money
It shows a downwards trend. The revised forecast cements that. 30 million in 2 years is impressive, I doubt anyone is debunking that, but it could have, or should have been better. The future doesn't look too hot either, at least not until Pokemon hits. I rarely agree with anything baconsammy says, but insider this one of the exceptions.
The forecasts were overestimated, the word "awful" is hyperbolic, but the point still stands.
Captain Smoker
Member
These shipments include the whole american continent.
That said, they still overshipped it by something like 300.000 units.
This is such an arbitrary metric.
So what if it's in the top console sales or not of some list of Every Console Ever Released™?
If it's not performing to the company's expectations or is losing them money*, then it's not a success. What it does in comparison to other consoles - which existed at different times, places, and prices - is irrelevant.
*Which I don't think it is anymore, but I'm just throwing out hypothetically.
ArtHands
Thinks buying more servers can fix a bad patch
If we add in the amt of vita sold in japan since then and just the US black friday sales, it will be at 2765169. Add in the rest of the digits, I think its safe to estimate a 3.5 million by now.
Sony is pretty tight about the actual number, lumping it with PSP's number every time.
Magicpaint
Member
Even in the US the DS didn't hit peak performance until after Pokemon Diamond and Pearl hit shelves so it will be interesting to see - the US/EU market are definitely slower to adopt new handhelds that's for sure and within that context I think the sales are decent overall and will only get better from here (it IS up YOY despite the lukewarm holiday sales in the west due to an also lukewarm lineup).
MaxwellGT2000
Member
Could be better but with software sales will come, just like 3DS, it also helps when you get a price drop, so a one two punch of software then price drop can make it take off. It's not a Wii but could be a lasting burner if treated right.
That's an incredibly optimistic figure, considering that UK is generally a third of the european market, and there is a huge positive bias for Nintendo in France compared to any other country.
HW sales are generally much lower in Germany, too.
Nothing1016
Member
Hypothetically speaking, lets say the 3DS lifetime projected sales are around 125 million. But it only sells 100 million. At the same time it still generates significant profit. Would that be considered awful as well?
electroplankton
Banned
We knew France figures, right?
Aquamarine
Member
Sales means sales (to retailers) + digital downloads from the eShop.
I don't think its a dire as you're describing it but I'm pretty sure the meeting is a big reason why we got the Nintendo Direct focusing on the Wii.
Quadrangulum
Banned
I suppose the profit is because of the recent movement of the yen? This isn't surprising. Nintendo's main obstacle to profitability was the exchange rate. As dire as the hardware projections are, as long as the currency can hold, their business should prove as sturdy as it always has been historically. This applies to many other Japanese firms as well.
bigtroyjon
Member
They're at an operating loss now, ergo they are losing money selling video games. They had a net profit due to currency gains.
Since that update, it's sold 320k units in Japan (Media Create). In the U.S., it sold <40k in August, 50-62k in September, 35k in October, about 200k in November and 200-250k in December, for a total of ~555k (creamsugar). Europe is anyone's guess, but it's probably a little bit under the U.S. number. So, 2,200,000 + 320,000 + 555,000 + 500,000 (?) = 3,575,000 Vitas sold LTD (+ U.S./Europe January sales).
I wouldn't doubt if that wasn't true anymore...
Look at the numbers that usually get posted, either UK cratered alone or the EU market is in a huge slump.
i'm sure they wish they sold more. i'm sure they wish every man, woman, and child own a 3DS. but you can't conclude that just because they didn't meet their forecasts that the product is a failure. that makes no sense at all, it just isn't how business forecasts work.
are you that one dude who argued with me and then proceeded to link me to nintendo's 500 page financial website and expected me to read through all of it, even though you clearly do not understand any form of financial statement yourself. i could be wrong, your name just sounds familiar and you're presenting a similar argument
Aquamarine
Member
Historically speaking, the 3DS is doing quite decently hardware-wise, relative to its predecessors:
GBA:
1st FY LTD: 1.07 million (only 10 days of sales)
2nd FY LTD: 18.16 million
3rd FY LTD: 33.81 million
NDS:
1st FY LTD: 5.27 million (only 4 months of sales)
2nd FY LTD: 16.73 million
3rd FY LTD: 40.29 million
3DS:
1st FY LTD: 3.61 million (only 1 month of sales)
2nd FY LTD: 17.13 million
3rd FY LTD: TBD (29.84 million at 9 months of sales) (32.13 million projected by Nintendo)