Three years is indeed 'short' in terms of a console generation.
-
Hey, guest user. Hope you're enjoying NeoGAF! Have you considered registering for an account? Come join us and add your take to the daily discourse.
Nintendo lowers forecast from ¥55B profit to ¥25B loss [3DS 18M->13.5; WiiU 9M->2.8M]
- Thread starter mackaveli
- Start date
well, this last gen anyway.
vinnygambini
Why are strippers at the U.N. bad when they're great at strip clubs???
Always appreciate your posts Tehrik, as a previous Nintendo investor myself (sold last week), I am shocked by the announced forecasts.
What are your predictions for the investors meeting?
Furthermore, always wondered what the Pokemon Company's annual profits, I have searched for that info, sadly no results.
In addition, hypothetically in order to limit their losses, wouldn't Nintendo be better off acquiring the remaining percentage of the Pokemon Company, become a Nintendo subsidiary and reap the rewards (publishing revenue, licensed goods, tv, etc.).
theprodigy
Member
10/10 post, would read again
IllumiNate
Member
Shares down a whopping 16%!! Wowza
theprodigy
Member
I never understood why it went up in the first place,
wait is it red
Fourth Storm
Member
Yeah, they could easily miss that number as well. Cranky ain't gonna push much in Feb. What are European and Australian sales at? Barely a blip on the radar?
Getting the Wii mini into China might be Nintendo's best bet in the coming year. At least they made it the right color.
Jimmyfenix
Member
Damn.
Hey! Because of you everyone looked at me weirdly when I laughed at work!
The Abominable Snowman
Member
The only thing keeping stock up is Nintendo commenting that they may be changing business focus, and comments about mobile.
The mobile rumor has given Nintendo sporadic boosts for the last couple months.
The mobile rumor has given Nintendo sporadic boosts for the last couple months.
SwiftDeath
Member
How's sonic doing on all those devices?
Well Xbox 360 instead of XB1 but you get my point
The Abominable Snowman
Member
When was the last decent Sonic game? 1/3rd of Generations?
SturokBGD
Member
I'm not smart enough to engage in some of the surprisingly great discussion going on in this thread, and I'm far too depressed about some actual real life things to let the fate of a videogame company bother me, but here's a catchy little pick me up for Iwata and all his followers. Even if it doesn't help, I hope it gets you tapping your toes!
Yazz - The Only Way Is Up
Yazz - The Only Way Is Up
Neff
Member
Straight up myth. The one time Nintendo went into panic mode, they gave us Mario Sunshine and an unfinished Zelda. I'll take unforthcoming, patient Nintendo anyday.
Aquamarine
Member
It's a glimmer of hope. At least it's better than "We are staying the course. Please understand." Shares would have plummeted with that kind of arrogance.
therockclapping.gif
zomgbbqftw
Banned
29th, 6th and 23rd respectively.
Suzushiiro
Banned
"Best Nintendo" is the Nintendo that gives us crazy new shit we've never seen before, be it the original SMB, Mario 64, the DS, or the Wii controller, to name some examples. Being in "panic mode" can inspire them to do that, or it can make them want to play it safe, which seems to be what they're doing now.
Stumpokapow
listen to the mad man
This is the most perfectly well-formed troll post I've ever seen. I'm in awe. You even used all the right buzz-words and typoed Pachter's name. It's so perfect. Like a 200 carat flawless diamond. If you just had, like, an X avatar or something you'd have 200 people falling for it right now.
SwiftDeath
Member
Yep I worry what would happen to Nintendo's IPs if they went 3rd party. It's a possibility just not one I expect would have a great long-term outcome on the quality level of their software offerings
Thanks! Really curious to see them.
The Abominable Snowman
Member
Quality going down because of moving to third party is a myth. Just because it happened to Sega doesn't mean it happens to all.
Sega's first couple of post-Dreamcast years were great. Then they turned to shit because they were reorganizing and killing their best dev houses, and changed focus to fledgling American studios. The same wouldn't happen to everyone, just companies being run by idiots. Like Sega
You seem to be implying that the console business for everyone is dying. Is that your take? I personally still see a market for high end machines delivering top experiences. I however do think it'd be hard for Nintendo to be a part of that because they would have to change their approach to gaming considerably, and they would be up against two big players.
It just feels like Nintendo has been slowly pushed out of that space since PS1 appeared. They did well with Wii and need something like that again to survive in that space at all. Your tablet idea could be that although I'm not so convinced. If parents are using iPhones and iPads, why would they buy a completely different system for their children? They couldn't share games, movies or music with them. It'd have to be throwaway pricing like a toy.
zomgbbqftw
Banned
My theory is that Road has been possessed by the ghost of gaghiddy...
eighty(one)
Member
LMAO, ice cold, man.
Either way, Iwata or not, Nintendo is always the defacto winner! They don't compete, you see.
Couldn't have made a better post, cheers!
Pancakes R Us
Member
I'm sadly expecting this to be the case come the full results/shareholder meeting.
I hate a lot of Nintendo's recent/current decisions, but I grew up playing their games and ultimately don't wish them ill favour. That said...fix up, Nintendo.
Psycho Echidna
Member
Well that's the direction the gaming industry is taking for the past 15+ years so I am not so surprised ( the Wii was an illusion) ... SNK, SEGA and now Nintendo is next. For different reasons, but the type of games those companies were basing their success on, are niche games today and have a very small public , not enough to justify a dedicated system.
SwiftDeath
Member
Do you honestly believe the leadership and ideologies that make Nintendo Nintendo would be exactly the same if they went 3rd Party? I worry they would adopt the same approach most major 3rd party developers/publishers have been adopting as of late and try to generalize their product to appeal to more gamers, try to update their products with more western development approaches. While Nintendo's approach to making games being unchanged going 3rd party is a possibility, I don't think it's a very likely one.
Father_Brain
Banned
Not to mention that a Nintendo tablet competing directly with iOS/Android tablets would require a quantum leap forward in services, OS, and infrastructure, even more so than new gaming-focused hardware would demand.
Aquamarine
Member
Management announced the original 9 million (12.45 million LTD) fiscal year forecast in late April 2013, a time where they honestly believed the console would pick up in 2H.
This forecast was not revised until the last possible moment to emphasize confidence in the reigning corporate strategy for the 2013 Holiday Season.
Wishmaster92
Member
Release a new home console soon with competing specs and no gimmicks, Nintendo. It's the only way and you know it.
The Abominable Snowman
Member
They'd be forced to either way. I don't see the problem.
Tye The Czar
Member
- Unnecessary Region Locking in this day and age while making stupid excuses when the competitors don't bother using it
- Lack of expected online features
- Games tied to console and not to account
- Lack of new franchises
- Censorship in this day and age
http://www.youtube.com/watch?v=u02tycroA30
Relaxed Muscle
Member
That why when I heard Iwata saying all these things about a new "business structure" I find it hard to believe that with the same board that led Nintendo to this point, they will make the appropiate changes to turn the situation.
I don't think they have the vision to do so.
Yep, Nintendo needs to work on a little something called diversity. You know, have different kinds of ideas and perspectives, those kinds of things.
Metallix87
Member
Tell that to Atari.
which one? Nikkei is only -2.7%. Though they probably announced it right before the stock market closed.
In all honesty, I think this time they mean it. In the sense: for the first time, Iwata himself stated that they will change radically. And stated that their current way of doing things (in the home market, looking at the prices selected) don't work. And saying they're looking for mobile as a tool for helping their console sales, while recognising doing "Mario on iOS! $$$$!" is not what to do. It's different from what happened in the last quarters, it's a direct statement that they will change their business structure. They already started changing their development structure, but this is one of the other aspects they need to address. Hearing, for the first time, something like that from the man himself gives me a bit of hope. Hopefully, he has good plans, this time.
AHA-Lambda
Member
Maybe the plan is to sink the company's public worth so much that such a plan would actually work.
Sorry for not reading through all 17 pages of this, and I'm sure these comments were meant in jest, so maybe this has been addressed, but is this even (legally) possible?
I'm not an economist, and not a physicist either, although I do take a keen interest in the latter.
Anyway, to me that sounds like the economics equivalent of breaking the laws of thermodynamics, i.e., getting something for nothing.
Maybe someone with an economics background can explain to me why this is or is not possible. If that has already been posted then a link to that post would be appreciated.
Ah yes I noticed it's American over the counter pink sheets, though I have no clue why they are on there, when their actual stock I believe is traded on the Nikkei.
Prax
Member
Is it time to buy shares?
Nintendo's my fave, so I only hope good for them, but I've always wanted to have the opportunity to invest too.. and that means their shares need to dive a bit. >__>
Personally, I am not sure what the answer would be besides focusing more on the dudebro or technophile demographic with less focus on being family-appropriate, but I'm not sure if I want another console/mindset similar to Sony and Microsoft.
Nintendo's my fave, so I only hope good for them, but I've always wanted to have the opportunity to invest too.. and that means their shares need to dive a bit. >__>
Personally, I am not sure what the answer would be besides focusing more on the dudebro or technophile demographic with less focus on being family-appropriate, but I'm not sure if I want another console/mindset similar to Sony and Microsoft.
Aquamarine
Member
The announcement was made after market close as per the norm.
Is it time to buy shares?
Nintendo's my fave, so I only hope good for them, but I've always wanted to have the opportunity to invest too.. and that means their shares need to dive a bit. >__>
Personally, I am not sure what the answer would be besides focusing more on the dudebro or technophile demographic with less focus on being family-appropriate, but I'm not sure if I want another console/mindset similar to Sony and Microsoft.
It's a gamble. Personally, I'm not big on Japanese CE firms who compete globally.
PreyingShark
Member
I would wait longer before buying. Things should tank even more until the next investor's meeting, whenever that is.Is it time to buy shares?
Nintendo's my fave, so I only hope good for them, but I've always wanted to have the opportunity to invest too.. and that means their shares need to dive a bit. >__>
Personally, I am not sure what the answer would be besides focusing more on the dudebro or technophile demographic with less focus on being family-appropriate, but I'm not sure if I want another console/mindset similar to Sony and Microsoft.