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[Aquamarine]

Dude... I thought it was really serious, Iwata was in deeper shit but no, they may just meet and even surpass expectations according to Bloomberg.

Phew, my shares are safe for the moment Thanks to the trolls for my heart attack !

Not necessarily.


Original Nintendo projections for FY 2013:

820,000 million JPY ($8.256 billion) profit in net sales
35,000 million JPY ($352.38 million) PROFIT in operating income
35,000 million JPY ($352.38 million) profit in ordinary income
20,000 million JPY ($201.36 million) profit in net income


Current Nintendo projections for FY 2013:

670,000 million JPY ($6.746 billion) profit in net sales
20,000 million JPY ($201.36 million) LOSS in operating income
20,000 million JPY ($201.36 million) profit in ordinary income
14,000 million JPY ($140.952 million) profit in net income


So Nintendo's projections went from:

820,000 -> 670,000 in net sales
35,000 -> (-20,000) in operating income
35,000 -> 20,000 in ordinary income
20,000 -> 14,000 in net income


Bloomberg's prediction:

(-18,700) in operating income
-----MISS original projection (35,000)
-----MEET revised projection (-20,000)

14,000 in net income likely
-----MISS original projection (20,000)
-----MEET revised projection (14,000)


Bloomberg's general sentiment: Nintendo will meet revised profit projections.

HOWEVER, Nintendo will fail to meet original profit projections.


So the overall environment is lukewarm. Meeting projections is one thing, but meeting heavily-revised projections is another thing.

And as someone who owns Nintendo stocks, you really should read their quarterly reports.

 

[Sho_Nuff82]

The point is that the Wii U's OS is still inferior to things that existed well over a year before it's launch. The 360 was doing completely new things (in the console space) and it took MS time to figure everything out, while Nintendo had 2 examples to look at and copy and still came out with an OS that was less functional, slower, and more buggy than the competition.

This is an underlying problem with the Wii U concept. Nintendo says to consumers, "hey we have HD! And the real CoD! And voice chat! And HDD support!" Consumers say, "we've got all that already, what else?"

The reason this loss really hurts is that Nintendo is not going to be able to justify a price drop to the same extent the 3DS got, not unless Iwata steps down. There's no way they make their 2014 projections if they're losing money on hardware.

 

[RurouniZel]

In all seriousness, while this isn't as bad a loss as last year's, it's still a sign that Nintendo really needs to unleash the hounds and fast. This holiday better be mother fuckin' stellar for the Wii U or Iwata will most certainly be out the door this time next year.

 

[Spinluck]

Best believe in Nintendo threads GAF, you're in one.

 

[timetokill]

He is turning Sony around...

Sony has gotten BETTER under Hirai while Nintendo Iwata has two terrible launches. Kaz wasnt the CEO when the PS3/Vita released. Sorry.

Based on this year's numbers compared to the year prior Iwata is "turning Nintendo around too."

Also if you actually read my post you'll note I didn't mention the PS3... and Vita was very much his baby.

 

[Terrell]

This doesn't really have anything to do with Nintendo...

Saying "oh hey, I lost less than you did" isn't very impressive.

I think it's to point out how no one is chomping at the bit and calling for Kaz Hirai's head, despite the fact that Sony's going to post similar losses this year.
I'm all for admitting poor FY results, even if they are better than the year before, but using them to call for Iwata's blood is just ridiculous.

 

[ClovingWestbrook]

Maybe an hour? I don't remember at this point, and it was a one time situation.

But I can't update my Vita at all now without connecting it to my PS3 and having it download the update.

Never heard that before so its most likely a problem with your Vita or connection. The Wii U download speeds are much more widely accounted and day one was simply unacceptable.

 

[steveovig]

I'm still trying to figure out how the Gamepad was the right approach. They needed a more powerful console not a lame-duck current gen system with a crap gimmick. If they could have release a similarly priced, more powerful, actual next-gen console, they would've gotten next-gen games along with current gen games and would've been ok. Don't get me wrong, they still should've marketed this thing much better but their first mistake was acting like they could replicate the Wii's success with a lame Gamepad concept. Who truly gives a shit about a lame, do-nothing tablet controller? None of the games out now have really utilized the damn thing well enough to justify the thing. Off-tv play would be great but you can barely move the thing away from the console before losing the signal.

 

[Thoraxes]

Yep. I fully expect the PS4/720 to blow the Wii U system out of the water. It won't even be close. Shoot, atm the Vita is better than the Wii U since it has NOTIFICATIONS! and an actual account system, not to mention party chatrooms, etc.

Nah, the Wii U does have notifications.

 

[methodman]

Even if the Wii u was as powerful as next gen consoles, I still doubt it would get multiplat games. Lol

 

[Erv]

Didn't Nintendo announce that Wii Pokemon game at an investor meeting years ago

 

[Shion]

This is an underlying problem with the Wii U concept. Nintendo says to consumers, "hey we have HD! And the real CoD! And voice chat! And HDD support!" Consumers say, "we've got all that already, what else?"

Pretty much.

It just shows how disconnected Nintendo is from the gaming world right now (at least in the west).

 

[dream]

I'm guessing the money being vacuumed is a joke but, my god, these guys have no dignity whatsoever.

 

[Vigilant Walrus]

Ok, why does gaf hate Iwata so much?

It doesn't. Because Neogaf is not a single person, but a forum.




I think very few hate him, but people have been wondering how long this casual party was going to continue. When your casual and cares only about games as an distraction, playing on a phone or tablet, suddenly becomes easy and convenient when your making games at for a few dollars. Easy, better online connectivity, more people has the problem and many many thousands of people develop for them.


So Wii U is much stronger, but then again, Wii is a compromised experience from the two other console manufac. So either go hardcore, or stay casual were it makes sense. That's what I think is happening.

 

[Skyzard]

I'm still trying to figure out how the Gamepad was the right approach. They needed a more powerful console not a lame-duck current gen system with a crap gimmick. If they could have release a similarly priced, more powerful, actual next-gen console, they would've gotten next-gen games along with current gen games and would've been ok. Don't get me wrong, they still should've marketed this thing much better but their first mistake was acting like they could replicate the Wii's success with a lame Gamepad concept. Who truly gives a shit about a lame, do-nothing tablet controller? None of the games out now have really utilized the damn thing well enough to justify the thing. Off-tv play would be great but you can barely move the thing away from the console before losing the signal.

Tablets taking off. People who don't own one? Poorer. People who would buy Wii U? Poorer. Match-made with them advertising it as a free tablet with your nintendo console.

Super generalizations obviously, but this was my thinking and I think it's quite smart - doesn't help the angry hardcore of course - until they realize how much more convenient off-tv play is, but they weren't a serious consideration for affecting the tech behind the Wii U from what I see, and rightly so really going on their main target demographic (worldwide).

I'm guessing the money being vacuumed is a joke but, my god, these guys have no dignity whatsoever.

This is when no fun allowed.jpg should have been posted Besides, the banana stare was the worst.

 

[RurouniZel]

I'm guessing the money being vacuumed is a joke but, my god, these guys have no dignity whatsoever.

I rather like that they have a sense of humor about themselves. Better than just plain old suits running the fun out of a fun company.

 

[TreasureHunterG]

This is an underlying problem with the Wii U concept. Nintendo says to consumers, "hey we have HD! And the real CoD! And voice chat! And HDD support!" Consumers say, "we've got all that already, what else?"

The reason this loss really hurts is that Nintendo is not going to be able to justify a price drop to the same extent the 3DS got, not unless Iwata steps down. There's no way they make their 2014 projections if they're losing money on hardware.

Indeed.

Iwata's resistance to change and his "disagreement" with the industry were the cause to this situation.

 

[ClovingWestbrook]

Nah, the Wii U does have notifications.

In game notifications? If I am playing NSMBU and a friend plays COD will I be notified? Will I have the option to join them in game if I have said game installed?

 

[steveovig]

Tablets taking off. People who don't own one? Poorer. People who would buy Wii U? Poorer. Match-made with them advertising it as a free tablet with your nintendo console.

Super generalizations obviously, but this was my thinking and I think it's quite smart - doesn't help the angry hardcore of course - until they realize how much more convenient off-tv play is, but they weren't a serious consideration for affecting the tech behind the Wii U from what I see.



This is when no fun allowed.jpg should have been posted The banana stare was the worst.

I'm a hardcore gamer and I don't care for the off-tv play, to be honest. It'd be cool if you could take that with ya and play it on the subway or something. I just think that tablet gaming isn't going to be truly feasible for atleast another decade. I see where Nintendo was going with the thing but it's still too early.

 

[prwxv3]

I still cant believe he let the Wii drop off as badly as it did. If they actually supported the brand up until they released the WiiU the WiiU might be in much better shape then it is now.

 

[Mihael Mello Keehl]

In game notifications? If I am playing NSMBU and a friend plays COD will I be notified? Will I have the option to join them in game if I have said game installed?

Why would you have to be notified what game someone else is playing? Should of said if they invite you. If you want to know what game they are playing check your friendlist like any other console.

 

[funkystudent]

I am gonna miss Iwata. Seems like he is on the Riccitiello timer and its only a matter of time now.



Nintendo needs a internal shake up though. Hopefully they come though as well as Sony did during those dark times.

 

[javac]

I'm guessing the money being vacuumed is a joke but, my god, these guys have no dignity whatsoever.

In what way?

 

[DarkPanda]

This is an underlying problem with the Wii U concept. Nintendo says to consumers, "hey we have HD! And the real CoD! And voice chat! And HDD support!" Consumers say, "we've got all that already, what else?"

The reason this loss really hurts is that Nintendo is not going to be able to justify a price drop to the same extent the 3DS got, not unless Iwata steps down. There's no way they make their 2014 projections if they're losing money on hardware.

Pretty much. The Wii U is a console designed to compete with the 360 and PS3 at a time when those consoles are on the way out and customers are looking for something more. That's MORE Reggie, not the same, with all your talk of checking boxes and shit. The Wii U feels like it was designed like it was already out and to compete in the market conditions that existed while it was in development. There's a worrying lack of anything resembling foresight in the console's design and little indication that was designed to fight off it's true competition, the currently unreleased PS3 and Xbox 720.

 

[Skyzard]

^ Luckily PS360 aren't as well suited for the younger gamers, who can't get mario elsewhere (other than their handheld) otherwise they would have been totally screwed.

I'm a hardcore gamer and I don't care for the off-tv play, to be honest. It'd be cool if you could take that with ya and play it on the subway or something. I just think that tablet gaming isn't going to be truly feasible for atleast another decade. I see where Nintendo was going with the thing but it's still too early.

It's not something worth the entry cost of course, but I'm sure many would appreciate it after the purchase, I imagine it to be simply too convenient (when working correctly) to not appreciate - lazy playing on the couch or just that one time when the TV was in-use, would make people realize. - I haven't seen the quality of the gamepad though.

I wasn't necessarily thinking of tablet gaming but I was thinking of the browser...a certain (large) group of people would appreciate it. Hopefully the browser is decent on the Wii U, otherwise that really hurts them imo.

 

[Iacobellis]

Why would you have to be notified what game someone else is playing? Should of said if they invite you. If you want to know what game they are playing check your friendlist like any other console.

Xbox LIVE notifies you if someone is playing a different game. The have to send out the notice, but still.

 

[TreasureHunterG]

Pretty much. The Wii U is a console designed to compete with the 360 and PS3 at a time when those consoles are on the way out and customers are looking for something more. That's MORE Reggie, not the same, with all your talk of checking boxes and shit. The Wii U feels like it was designed like it was already out and to compete in the market conditions that existed while it was in development. There's a worrying lack of anything resembling foresight in the console's design and little indication that was designed to fight off it's true competition, the currently unreleased PS3 and Xbox 720.

Aware of how japanese centric Nintendo is under Iwata's management, very likely Nintendo made Wii U with the japanese market in mind only to compete against the PS3 which was outselling the Wii around there.

 

[Darryl]

I'm guessing the money being vacuumed is a joke but, my god, these guys have no dignity whatsoever.

oh god how awful. this respectable businessman up on stage in front of millions playing with CHILDREN'S TOYS!

 

[TheGreatMightyPoo]

I'm guessing the money being vacuumed is a joke but, my god, these guys have no dignity whatsoever.

Definite joke post.

 

[prwxv3]

Aware of how japanese centric Nintendo is under Iwata's management, very likely Nintendo made Wii U with the japanese market in mind only to compete against the PS3 which was outselling the Wii around there.

That would be unbelievably stupid considering the declining console market in Japan.

 

[Neiteio]

If there is a possibility of new announcements being made in relation to this investor meeting (such as games, etc), would they be tomorrow or Wednesday?

 

[dream]

oh god how awful. this respectable businessman up on stage in front of millions playing with CHILDREN'S TOYS!

Well, I don't think anyone takes Miyamoto seriously. His schtick is that he's basically Tom Hanks's character from Big. But parading your CEO out there wearing a Luigi hat doesn't exactly convey, you know, credibility.

 

[DarkPanda]

I still cant believe he let the Wii drop off as badly as it did. If they actually supported the brand up until they released the WiiU the WiiU might be in much better shape then it is now.

The problem is that Nintendo just doesn't have the resources to support the Wii, launch and support the 3DS, and launch the Wii U. Something's gotta give, and in this case it was Wii support. Now normally this would be where 3rd parties come in and develop fun and interesting games for your system but Nintendo, for whatever reason, can't get decent third party support to save Iwata's job. They insist on making no concessions and forging on alone rather than do everything humanly possible to get third parties on board their systems.

 

[Snaku]

I still cant believe he let the Wii drop off as badly as it did. If they actually supported the brand up until they released the WiiU the WiiU might be in much better shape then it is now.

Main reason why I haven't gotten one yet. Those last two years of the Wii's life were appalling from a first party perspective, and that's really all Nintendo has. They wouldn't even localize certain games seemingly out of spite (Rainfall). I've been a Nintendo baby since the NES, but they really let me down last gen.

 

[Mihael Mello Keehl]

Xbox LIVE notifies you if someone is playing a different game. The have to send out the notice, but still.

Thats only when you set the beacon. And I think it only works when you and a friend are playing the same game.

 

[OryoN]

I cant believe some people are trying to spin these projected losses as not that bad. Hell before the last 2 years nintendo had never lost money at all. Investors arent going to compare them to Sony and think its ok.

But it really isn't that bad. Their losses greatly reduced compared to last time and this is in context of just launching a new console, which, by the way, is selling at a lost AND doing rather poorly, all the while preparing larger resources for HD development. Under those conditions, one would expect to see closer to 1 bil USD in losses. No one's suggesting that a loss is good, but now that Nintendo's unblemished streak is over, let's put things in perspective - under the current circumstances, it could have been a whole lot worse... but it's not!

But whatever, if people are suggesting the sky is falling, then that must mean it is...

 

[prwxv3]

Well, I don't think anyone takes Miyamoto seriously. His schtick is that he's basically Tom Hanks's character from Big. But parading your CEO out there wearing a Luigi hat doesn't exactly convey, you know, credibility.

oh come on he is not doing very well right now but he did oversee the insane DS and Wii success. and I think its nice that he does these things. But he really does need to go right now.

 

[grimshawish]

Speaking of dignity - what the fuck happened with everyone holding fucking fruit?

 

[Skyzard]

Main reason why I haven't gotten one yet. Those last two years of the Wii's life were appalling from a first party perspective, and that's really all Nintendo has. They wouldn't even localize certain games seemingly out of spite (Rainfall). I've been a Nintendo baby since the NES, but they really let me down last gen.

This is under-appreciated on gaf and Nintendo I think. Wii left a bad taste at the end (despite Xenoblade and er SMG2(?). Wii U really needed to rock from the get-go to make people forget.

Now it will need to be super cheap (as well as impress with software releases).

 

[prwxv3]

The problem is that Nintendo just doesn't have the resources to support the Wii, launch and support the 3DS, and launch the Wii U. Something's gotta give, and in this case it was Wii support. Now normally this would be where 3rd parties come in and develop fun and interesting games for your system but Nintendo, for whatever reason, can't get decent third party support to save Iwata's job. They insist on making no concessions and forging on alone rather than do everything humanly possible to get third parties on board their systems.

It would have been better if they used a different name for their console instead of the damaged Wii brand. But even when they saw the Wii drop off and not do anything they still thought it was a good idea to use the Wii brand name.

 

[TheGreatMightyPoo]

Speaking of dignity - what the fuck happened with everyone holding fucking fruit?

Nintendo will surprise many and win E3 and Iwata will be caught holding a cantalope.

 

[Steve Youngblood]

Nah, the Wii U does have notifications.

And what a notification system! A blue light flashes on your controller a couple of times to indicate that something has happened! What is that something? Is it a friend logging on? Has someone sent you a drawing on Miiverse? Is someone trying to invite you to a game? Or are they trying to call you via Wii Chat? You'll have to pause your game and go to the home screen to find out!

 

[qizah]

Well, I don't think anyone takes Miyamoto seriously. His schtick is that he's basically Tom Hanks's character from Big. But parading your CEO out there wearing a Luigi hat doesn't exactly convey, you know, credibility.

Wait, you're serious? How can you see that as a problem with his credibility, and how is Miyamoto not being taken seriously? If you only live on GAF I understand, but c'mon :lol.

 

[Terrell]

Well, I don't think anyone takes Miyamoto seriously. His schtick is that he's basically Tom Hanks's character from Big. But parading your CEO out there wearing a Luigi hat doesn't exactly convey, you know, credibility.

They make video games for a living, not mutual fund packages.

Besides, they all take their turn at losing credibility at some point. Just remember, this is the man that was promoted to president and CEO of Sony.

 

[SolarPowered]

Tablets taking off. People who don't own one? Poorer. People who would buy Wii U? Poorer. Match-made with them advertising it as a free tablet with your nintendo console.

Super generalizations obviously, but this was my thinking and I think it's quite smart - doesn't help the angry hardcore of course - until they realize how much more convenient off-tv play is, but they weren't a serious consideration for affecting the tech behind the Wii U from what I see, and rightly so really going on their main target demographic (worldwide).

People will try to get the most bang for their buck. A normal tablet can play games, store books, surf the internet and do just about everything a tablet can do so long as you've got Wifi or 3G. The Gamepad is stuck at home. I looked at the gamepad six months ago and decided to get a 7" Galaxy tab 2 for $170. Nintendo's idea actually made me interested in tablets, but not in the way they would have wanted.

 

[Batman]

I don't know about the whole number deal thing with companies so what does this mean for Nintendo currently?

 

[Petrae]

GAF really hates guys who have 2 poor product launches in a row.

This is why everyone hates Kaz Hirai and thinks he should get the boot too. The PSPgo and Vita were both catastrophically shitty.

At least Iwata saved the 3DS and has Nintendo's 2 most successful platforms under his belt. Kaz has, what, zero?

Two handhelds. Not a handheld and a console, as we see here-- plus Sony's business is a lot more than just gaming. You're reaching.

I will say this-- if PS4 sells low for the first year, people will be all over Hirai's case, too. And they should be. That would be two failed launches in a row for Sony, very similar to what Nintendo is going through now. The expectations may be unfair, but everyone is looking to new hardware to turn the console business out of this tailspin. With Wii U not getting it done, that's strike one. PS4 could very well be strike two if the launch strategy, price point, and other factors aren't appealing enough.

If Iwata doesn't step down (or if he's not removed from his position), it's not the end of the world. Iwata's lack of leadership and management skill is obvious, but if Nintendo can't see it, that's on their board of directors to deal with the mess. Nice guys like Iwata aren't always good leaders.

 

[Darryl]

oh come on he is not doing very well right now but he did oversee the insane DS and Wii success. and I think its nice that he does these things. But he really does need to go right now.

he doesn't "need to go" because you don't like the Wii U. he isn't a bad businessman. he's very clever from what i've seen. he put his name on the line because that's the norm over there. it isn't because he has been running the company into the ground the past decade.

Well, I don't think anyone takes Miyamoto seriously. His schtick is that he's basically Tom Hanks's character from Big. But parading your CEO out there wearing a Luigi hat doesn't exactly convey, you know, credibility.

dude makes video games for a living. it's an art field. he's doing what he needs to do.

I don't know about the whole number deal thing with companies so what does this mean for Nintendo currently?

it means they're making tons o video games

 

[Colonel Mustard]

I'm guessing the money being vacuumed is a joke but, my god, these guys have no dignity whatsoever.

Good. Keep it this way.

I'll take this instead of over-manufactured 'hipness'. Shit appeals to COD-playing, Mountain Dew-swigging morons. Or: everything that's wrong with 'gamer-culture'.

 

[Skyzard]

People will try to get the most bang for their buck. A normal tablet can play games, store books, surf the internet and do just about everything a tablet can do so long as you've got Wifi or 3G. The Gamepad is stuck at home. I looked at the gamepad six months ago and decided to get a 7" Galaxy tab 2 for $170. Nintendo's idea actually made me interested in tablets, but not in the way they would have wanted.

Absolutely I agree but I don't think you are the target so much, more like reasonably medium to well-off families with children (already have a Wii but don't have a/enough laptops or a tablet). They need a new console, they'd like a tablet but don't really care that much, if it will allow you to surf the internet as well as be an awesome gift for the kids, it should do alright. Nintendo pushed this a bit in the beginning but less and less later on I feel, hopefully they will again with a new Mario or Mario Kart.

Dedicated tablets are much more appealing but not everyone can afford it and eventually the time will come when the Wii U will be the main wanted gift and having a tablet included will help make the sale ... [over a 3DS!]. They will never be able to market a tablet to kids like Nintendo can with the Wii U. Nagging leads to sales.