Ricerocket
Member
They were WAY out of touch. Those are huge differences from what they expected.
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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
He is a rather unique person and one of the few people qualified who actually cares about video games, regardless of whether he stays as head honcho the entire upper management needs an overhaul though.
which is actually worse than last year's 13.95m
Haint
Member
Reggie's Bonus wasn't ready.
Well obviously the dog wags the tail, so people at the top.
But this is Nintendo we are talking about, arrogant as always. Nothing will change.
ElectricKaibutsu
Member
I'm so looking forward to it. Proper account systems, crossbuy, making games in diversified genres yes, yessssss. I just hope they don't change too much and ruin what they're good at.
They also had a bunch of shitty decisions when it came to the 3DS and "saving" the plattform was also very expensive for them. 3DS is a great systm and has a great libary - but after 3DS and WiiU i hope Konno wont design any of their system in the future. They are way to expensive for what they offer, when the same could have been realized for less by using off the shelves hardware. This is a world where proper tablets for kids can be bought for less than 150 bucks.
Proper cheap and realiable hardware + goo games - thats all we want from you Nintendo. Dont over rely on gimmicks all the time, they are not the answer for every problem. Next handheld must launch for less than 150usd and the console for less than 250 - even better would be 200.
You arent Apple, charging 250 for the 3DS at launch and nearly 400 for the WiiU....wtf.
DragonSworne
Banned
I'm still trying to undetstand how Nintendo lost 240 million USD. Wii U is such an epic disaster.
Cow Goes Moo
Member
who would replace him?
plasmawave
Banned
What is wrong with Iwata? Did he seriously expect the WiiU to reach 9 mil?
Damn that's pretty crazy.
Wasn't vita a huge miss as well? Can't quite remember...
lazybones18
Banned
Good thing the Year of Luigi continues so Nintendo might have a shot
Gamer @ Heart
Member
Finally something achievable, maybe.
Will be interesting to finally see what games they green lighted or funded when they saw the situation they where in last year.
I suspect this means Mario kart is most definetly not march so it gets into next FY
Will be interesting to finally see what games they green lighted or funded when they saw the situation they where in last year.
I suspect this means Mario kart is most definetly not march so it gets into next FY
Their three pillars are down to a short pillar and a stump.
Schnozberry
Member
They bought a lot of inventory they need to write down, and the exchange rates are worse than anticipated. End of story.
SolarPowered
Member
woah woah woah
They can lower the Wii U forecast that much without heads rolling? I mean... wow. I honestly thought I was hallucinating just now when I saw the thread title.
They can lower the Wii U forecast that much without heads rolling? I mean... wow. I honestly thought I was hallucinating just now when I saw the thread title.
EmCeeGramr
Member
This is all just a feint so that investors will be pleased and amazed once the Wii U actually does sell 9 million by the end of the FY.
Iwata is playing four dimensional chess here.
Iwata is playing four dimensional chess here.
Chittagong
Gold Member
It will be interesting to see their updated forecast for the next FY for Wii U.
If the Wii U estimate for next FY is substantially better than this they will seem delusional and out of touch again, having unrealistic optimism for the console selling power of Mario Kart and Smash Bros, and set themselves up for another profit warning.
If the Wii U estimate for next FY is similar to this it seriously brings to question their ability to sustain the platform, or even console manufacturing, with such low volumes, and almost certainly kills 95% of retail support.
They are screwed if they do and screwed if they don't.
Third pillar time indeed.
If the Wii U estimate for next FY is substantially better than this they will seem delusional and out of touch again, having unrealistic optimism for the console selling power of Mario Kart and Smash Bros, and set themselves up for another profit warning.
If the Wii U estimate for next FY is similar to this it seriously brings to question their ability to sustain the platform, or even console manufacturing, with such low volumes, and almost certainly kills 95% of retail support.
They are screwed if they do and screwed if they don't.
Third pillar time indeed.
Someone who doesn't live in Nintendoland for one. They are ten years behind when it comes to their online and everything else. PSN and XBL will likely never be rivalled by Nintendo in that respect.
Randolph Freelander
Member
My jaw, it has dropped. Wow.
I would think Genyo Takeda is most to blame for hardware decisions.
Horseticuffs
Full werewolf off the buckle
I would not want to be standing outside of Iwata's office window just about now...
That is some Scanners-level mindblowing shit right there, man.
That is some Scanners-level mindblowing shit right there, man.
Do they lose money on the wii u hardware ?
Schnozberry
Member
If he can operate in for dimensions, Jr should probably go back and tell past Iwata to make some different choices.
That really doesn't have a connection with Iwata being CEO and the first two things you mentioned.
Price drops cost money in addition to the other issues and they probably spent some money coming up with the 2DS design or something.
Spieler Eins
Member
The problems the WiiU faces can only be the culmination of several years of incompetent decisions, even before the losses began. How likely is it going from market leader to this kind of trainwreck? I wouldn't even care about financials as long as the games are good, but while the 3DS is okay enough, the WiiU really just gets what it deserves, worst console I've bought so far. And whoever's responsible for this must have had the foresight of a goldfish and clearly lack the ability to ever regain momentum. So yeah, some of these higher ups need to go asap and bring in new people to prepare a proper next generation for Nintendo.
SolidSnakex
Member
Nintendo putting their old games (NES/SNES/GB era) at a slow pace on iOS wouldn't be a bad thing for them. It'd give them a lot of money to keep pumping into their console and handheld divisions. I remember Hideo Baba basically saying that they only put old Tales games on phones because it makes them a lot of money, but they aren't going to actually make flagship Tales titles for it.
DragonSworne
Banned
A CEO that understands the US market, US businesses and third parties.
And_Gignac
Member
Goodbye Iwata, he only lasted this long thanks to the lucky hits of the DS and Wii.
SwiftDeath
Member
Expected although going from that projection of profit to that level of loss cannot end well
Uncle Rupee
Banned
It was obvious from the start that those projections were overly ambitious. So why did they make them in the first place?
Did they really think SM3DW was the "one game (that) can change everything"?
I don't expect Iwata to resign, simply because he was hand-picked by Yamauchi, and I suspect the idea was for Iwata to guide the company for as long as possible. But things are looking extremely bleak. Nintendo had better have something as surprising and huge as a Final Fantasy 7 remake coming to the Wii U, and they had better announce it soon.
Did they really think SM3DW was the "one game (that) can change everything"?
I don't expect Iwata to resign, simply because he was hand-picked by Yamauchi, and I suspect the idea was for Iwata to guide the company for as long as possible. But things are looking extremely bleak. Nintendo had better have something as surprising and huge as a Final Fantasy 7 remake coming to the Wii U, and they had better announce it soon.
Schnozberry
Member
Yes, and they lose extra money by having unsold hardware in retail channels for months on end.
Hmm pretty surprising. I thought their challenge was to hit profitability whilst salvaging the Wii U. Since they clearly were doing a piss poor effort of the latter I thought they were focusing 100% on profitability. This is extremely bad news for Nintendo.
Particularly the 3DS result. That is terrible and less expected than the Wii U result.
Particularly the 3DS result. That is terrible and less expected than the Wii U result.
shinra-bansho
Member
Finally facing reality.
Is this that try to dump bad news on Friday afternoon thing?
Surprised they didn't wait until quarterly earnings.
Is this that try to dump bad news on Friday afternoon thing?
Surprised they didn't wait until quarterly earnings.