BrokenEchelon
Banned
How on earth are you comparing Kaz to Iwata? Kaz is leading a massive turn-around at Sony.
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Nintendo lowers forecast from ¥55B profit to ¥25B loss [3DS 18M->13.5; WiiU 9M->2.8M]
- Thread starter mackaveli
- Start date
How on earth are you comparing Kaz to Iwata? Kaz is leading a massive turn-around at Sony.
cyberheater
PS4 PS4 PS4 PS4 PS4 PS4 PS4 PS4 PS4 PS4 PS4 PS4 PS4 PS4 PS4 PS4 PS4 Xbone PS4 PS4
I don't think Nintendo are capable enough to compete on hardware performance. I can't see them having the ability to bring out a console that's more powerful then the PS4. If they can't do that then they should pull out of the home console hardware business.
Can we stop with this comparison? It's beyond useless for discussion; the conditions for Nintendo's handheld "turnaround" aren't congruent with the current state of their console business.
Are you seriously trying to compare the 3DS's situation to the Wii U's? They are completely different.
ElectricKaibutsu
Member
Losing money is never good but, and pardon my ignorance, is $250mil a lot to a company the size of Nintendo? Obviously they need to fix what's broken within their company, but how much immediate trouble are they really in? Is it unusual for a company to post a loss? Reading some comments in this thread it sounds like $250mil is indeed a lot, but... is it?
The shareholders can vote him out at the annual meeting, but it's exceedingly rare for that to happen.
He did drop a lot on the confidence vote last year however.
Very different situation, especially at this point. They also did something drastic to save the 3DS early on. So don't fool yourself.
BrokenEchelon
Banned
Seriously dude?
For one, it has some competition. Does PlayStation 4, Xbox One, Xbox 360, and PlayStation 3 ring any bells?
MisterHero
Super Member
But not before PS3. And they still have Vita.
Granted they are taking steps to salvage the latter with Vita TV. PS4 is doing well, but the other things can't be ignored.
Aquamarine
Member
Remember the days when Nintendo used to pay out lavish dividends? Those were good times.
Projected year-end dividend for 74th fiscal year: 100 JPY year-end, no interim.
Projected year-end dividend for 74th fiscal year: 100 JPY year-end, no interim.
Depending on what his immediate plans to change thing quickly are and how it forces his hand to do new things it might end up being something the board and investors want to see.
Kaz still isn't doing things people want/expected from him.
That's an interesting way to translate "please understand".
So how will you put out big games on Wii U that have 3 years dev time?
There is no 3rd party support coming cause thats moved to next gen.
It's not a handheld where you can poop out an AAA game in 18 months so Nintendo can't do much to change the 1st party situation either.
Nintendo fans I mean lol. Besides, I'm not sure how well something like VC would do on PC because um you know... emulators. New Mario Kart on PC would sell gangbusters though.
It did have Japanese 3rd party support unlike the Wii U which had none from day 1 and still has none.
essentially, yeah. that's what i had in mind. except four face buttons so lefties can have fun too.
psp-level power with touch screen and motion controls. enough strength to run streaming services, but not so much that it makes the hardware unprofitable. something could probably be done for a $99 launch in 2016.
Nintendo made a succesfull U-turn for the 3DS (lower price and big games).. they tried the same with Wii U.. but the Wii-U-turn failed..
JordanN
Banned
Anyone who graduated with an M.B.A can replace him.
WiiU has got both a price drop and AAA games and those haven't worked. Also the home console market has far more direct competition.
PdotMichael
Banned
The $250m are just a foretaste of the next years. 3DS and WiiU are declining or already dead and every new system will cost alot of money until it can make money.
Except they did exactly that? It's just that we haven't seen the fruits of those investments yet.
lol
Yeah, it's exactly the same. Remember when those two other handhelds came out a year later and destroyed it whilst racking up the biggest ever launches the industry had seen?
I agree that the software range is too similar, and wonder if they have shot themselves in the foot as the two systems have become closer in the type of games they can run. I haven't bothered with a WiiU mainly as with console-style games like Luigi's Mansion 2, Mario Kart 7, Resident Evil on the 3DS, plus Smash upcoming, loads of JRPGs and combined with the handheld regulars of Pokemon, FireEmblem etc, it just feels like I can get everything I want from them on one machine.
While Super Mario 3D World looks amazing, I think it would have taken something spectacularly different like Galaxy to make me pick up a WiiU when I already have 3D Land on the 3DS. The difference in power was what made the DS/Wii and GBA/Gamecube libraries almost entirely different with the portables focused more on 2D and quirky stuff.
I do think there is more of a future in selling some sort of portable device where they can sell one to each person, rather than one per family though.
bloodyroarxx
Member
Can someone shop Iwata's head onto Homer?, I feel like this is Nintendo now riding that bomb right to the end.
Chocolate & Vanilla
Fuck Strawberry
Surely Iwata is gonna hang for this. I imagine he won't go voluntarily simply because he won't want to miss out on severance package he would most likely receive if they dismiss him.
What might "as quickly as possible" mean here? We should get more statements relatively soon depending on how hard their stocks are hit because of this.
I wonder if they're planning something big before end of FY.
maquiladora
Member
Was he talking sense when the Wii U forecast was still 9 million yesterday but is now 2.5 million today?
They'd probably let him save face by having him resign, but Nintendo will force him out if changes aren't happening. He really is on the brink, and his position is under heavy scrutiny now. Investors are going to want incentives to have a reason to continue to invest in the company.
Then they haven't done exactly that.
Because we would have seen the fruits of those investments had they been done at the proper time.
(What I'm suggesting is that your second sentence invalidates your first.)
That is actually pretty normal for upper management changes, contracts are sturctured to ensure that easy ejection does not happen and even if Iwata is given the boot a new CO still has to be found.
reptilescorpio
Member
The co-worker was looking at it for her kids though. A fairly large portion of the Wii/DS audience is in that group I would expect.
It's that 15-30 group that need the new COD every 12 months to play online with their online friends that are part of the early adopter group of the PS4/X1.
bloodyroarxx
Member
I actually do agree, it seems to be a company wide philosophy that is the issue but I think the right leader could at least start a course correction.
In that case they did something very wrong since it's been 5 years and no fruits in sight.
Tom Nook Sawyer
Member
Can someone shop Iwata's head onto Homer?, I feel like this is Nintendo now riding that bomb right to the end.
Only if we can use the original and better source material from Dr. Strangelove
Well sure, but that could be said about most failing organizations. Change comes from the top down.
According to some yes as now he has set a realistic target. This is how some people think, madness!!
Mihael Mello Keehl
Banned
Agreed, even making a new console like PS4/X1 would be fruitless. A drastic Wii-like change needs to happen.
The Dutch Slayer
Member
Yeah some more people pointed that out to me, thank god that puts me at ease.
Still for the future cost will only go up for R&D sadly for them.
Totally agree with this. It's a classic example of victory disease. When you're on top you should prepare for the future. It's a similar situation to Sony going into the PS3.
He literally says "Hereafter, the most important task is to restore the vigor of business at the early stage". It's impossible to discern what he really means in that simple sentence, so it's probably best not to look too much into it. It's just generic "we will recover before its too late" business talk.
A big unknown.
Aeriscloud
Banned
EatChildren
Currently polling second in Australia's federal election (first in the Gold Coast), this feral may one day be your Bogan King.
Liking Iwata and Iwata having a positive philosophy towards good video games ≠ commercial for success for Nintendo
It's not a complicated puzzle, and it's not like Nintendo shit out the Wii U one afternoon after a single meeting (even if it seems that way). Millions would have been sunk into R&D for a product, and accompanying software, they expected to see success. It did not. The success is not there. Clearly, by definition of real world performance, bad decisions were made that need not be repeated in the very near future. Action need to be implemented to reverse damage caused by these bad decisions, and if a person's leadership and overall corporate philosophy is failing to do this then clearly changed need to be bad. They need to be made to benefit the company in question, in order for them to flourish and continue providing customers with the high quality products we know they can.
The notion that Iwata's positive software quality philosophy is mutually exclusive to Nintendo seeing commercial success is a fallacy and one that will literally doom the company. Nintendo can see commercial success and produce some of the best content in the medium. They've done it before, including recently. But they need to do it without burning through millions of dollars due to bad ideas and busted future planning and ignorance towards the global market, and if an overhaul in senior management is necessary for this to happen, then it should happen.
Just because Iwata, Miyamoto, and other senior staff at Nintendo are incredibly intelligent, talented, educated, and valuable in certain areas of video game development does not mean they're infallible in running the company at large and dictating its future to the benefit of that software and commercial success.
It's not a complicated puzzle, and it's not like Nintendo shit out the Wii U one afternoon after a single meeting (even if it seems that way). Millions would have been sunk into R&D for a product, and accompanying software, they expected to see success. It did not. The success is not there. Clearly, by definition of real world performance, bad decisions were made that need not be repeated in the very near future. Action need to be implemented to reverse damage caused by these bad decisions, and if a person's leadership and overall corporate philosophy is failing to do this then clearly changed need to be bad. They need to be made to benefit the company in question, in order for them to flourish and continue providing customers with the high quality products we know they can.
The notion that Iwata's positive software quality philosophy is mutually exclusive to Nintendo seeing commercial success is a fallacy and one that will literally doom the company. Nintendo can see commercial success and produce some of the best content in the medium. They've done it before, including recently. But they need to do it without burning through millions of dollars due to bad ideas and busted future planning and ignorance towards the global market, and if an overhaul in senior management is necessary for this to happen, then it should happen.
Just because Iwata, Miyamoto, and other senior staff at Nintendo are incredibly intelligent, talented, educated, and valuable in certain areas of video game development does not mean they're infallible in running the company at large and dictating its future to the benefit of that software and commercial success.
Whelp. I was pretty sure that this big forecast cut at the end of the Fiscal Year was surely Iwata going to take the fall so his successor could be put in a comfortable saddle. I hope for Iwata that Yamauchi estate is still backing him, because I can imagine a few shareholders being livid.
The Wii effectively died in 2010, almost four years on and Nintendo is only just managing to release titles like Wii Fit U and Pikmin, titles that were supposed to come out in December 2012. Their development pipelines are a complete mess and don't seem to have been made any more efficient.
That much is obvious, but even if those changes happen there will most likely not be any rewards with this hardware.