Iwata aims for "Nintendo-like" profits

Satoru Iwata says Mario maker is striving to return to historical profits for year ending March 2014 through "brand-new and unique proposals."

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Nintendo president Satoru Iwata has high hopes for the company's future. As part of the company's 2013 annual report, Iwata acknowledged its latest financial loss, but said sunny days are ahead for the Mario and Zelda company.

"Nintendo posted an operating loss for the fiscal year ended March 31, 2013. However, we strive to regain 'Nintendo-like' profits for the fiscal year ending March 31, 2014 by providing many people with fascinating games and services," Iwata said.

"We continue to make brand-new and unique proposals, and make efforts for the growth of the home entertainment industry with a mission that is to pleasantly surprise people and put smiles on the faces of everyone Nintendo touches," he added.

The Wii U has struggled at retail thus far, selling 160,000 units worldwide in the April-June quarter and 3.61 million systems overall. The 3DS, on the other hand, has been a bright spot for Nintendo, moving 1.4 million systems in the quarter.

Elsewhere in the Nintendo annual report, the company said that in 30 years, the firm has sold 268.97 million consoles (NES, SNES, N64, GameCube, Wii, Wii U) and 2.195 billion games. Meanwhile, the company has sold 385.15 million portable systems (GameBoy, GameBoy Advance, DS, 3DS) and 1.907 billion games for those handhelds life to date.

Discussion

256 comments
BladeOverload
BladeOverload

Oh look, a wii u post! Let's see what the intelligent and TOTALLY unbiased people of the internet has to say about it. 

*Reads comments* 
Well... if you'll excuse me, I need to go see if I suffered any serious brain damage.

translucent17
translucent17

the wii u launch would have been acceptable if Nintendo remembered that people buy their consoles for the Nintendo exclusive games, one good game every couple of months isn't gonna cut it... my confusion remains as to why Nintendo chose to make such an underpowered console, the concept is fine I enjoy playing the wii u when the rare opportunity to use it surfaces, but what they have made barely passes to be called hd and what could have been a great system, had they made it more powerful and awe inspiring.  In a world driven by technology and filled with people seeking the cutting edge of performance and interactive experiences, and with this technology at our finger tips, it really makes no sense why Nintendo opted for the console build they have given us, and their only defense would have been if they had released the U with a slew of good games... which we all know they did not. 

xeoneex66
xeoneex66

"We continue to make brand-new and unique proposals, and make efforts for the growth of the home entertainment industry with a mission that is to pleasantly surprise people and put smiles on the faces of everyone Nintendo touches,"

What, to make more kiddy versions of Mario?  To bleed the over due canning of their Mascot thats overstayed his welcome since Mario 64?  The shelving of the Metriod series?  No thanks Nintendon't.  You already failed one too many times for me to give a shit anymore.

"the company has sold 385.15 million portable systems (GameBoy, GameBoy Advance, DS, 3DS) and 1.907 billion games for those handhelds life to date"

well aside from the overuse of Mario/Zelda games, this seems to be the best route for them.  Cancel their console marketing and focus solely on games for other systems and/or their handheld division and you can redeem yourselves to almost what you were 30 some years ago...

xeoneex66
xeoneex66

Heh... this ought to be good for a laugh.

craigprime
craigprime

Nintendo is releasing good games...

Sony and Microsoft are both releasing new consoles...

Who's to say they all can't make a profit?

Nintendo more-so then others :P

aboki808
aboki808

wait, are they even losing money? sounds like they just didn't make more than they expected.

douchiedude
douchiedude

A new (and good) Metroid, Star Fox, 3D Mario (Sunshine related, preferably), Kirby, F-Zero, Mario Party, and a seriously kickass Pokemon console game would probably help you break records. Good start with upcoming Zelda, Donkey Kong, Mario Kart, Mario 3D World, and SSB games though. Oh, and Sonic Lost World. First time I've been excited for Sonic since the GameCube.

xiiraveniix
xiiraveniix

"Proposals"? 

"Efforts"?

Try releasing some games.

robx360
robx360

As much as we all want a more mature Nintendo. It's not going to happen. The live in there own world. Don't care one bit for Sony or Microsoft. The had a chance to be partners with Sony. The first Playstation was an add on for the snes. Big N has had many commercial failures. They are smart though. The have the kids. I never see a kid walking around with a psp or a vita. It's always a ds or 3ds. If they had to I think the would leave the home console business all together. If mario was exclusive to the next generation ds they would just sell more. Nintendo had the casuals with the wii. Those people are either happy with what they got or moved on to there galaxy s4 or iphone 5. I wish Nintendo would compete. Scrap the wii u and through there cards on the table. It's just not them. They have no desire to be a straight up competitor to anyone. 


youngzen69
youngzen69

The GameCube up until this point appears to be the last console where Nintendo competed with Sony and Microsoft directly. The GameCube specs aligned more closely to the other two consoles. In fact the GameCube was more powerful then the Ps2. With the Wii and now the Wii U Nintendo has gone completely in the opposite direction chasing after the causal. This strategy worked with the Wii bringing in record sells etc. but appears to be failing with the Wii U as of now.

dr_jashugan
dr_jashugan

Keep dreaming Iwata! 

The Wii FAD has ENDED and the WiiU is just a sound that the ambulance make to announce that this console is on life support. 8-\ 

Evil_Sidekick
Evil_Sidekick

It's in their hands....

If they release a open world Zelda game or a free roaming Super Mario, they will have a success on their hands.

brainiac1988
brainiac1988

Oh Im sure they'll be fine.

Really hope that next gen they will make a old school console though,  with a proper old skool controller. No motion stuff or tablet.

A console that is (among) the most powerful in the idustry, and has PC infrastructure so that its super easy to develop for. Like PS4 and Xbox One.     That way all the 3rd parties would be able to port their big AAA titles to Nintendo's console.  

Together with Nintendo's long list of great exclusive franchises, the system would be a must buy.

ninjaroach81
ninjaroach81

Okay, here's a thought, Nintendo:  instead of talking about what's coming for the Wii U, how 'bout you ACTUALLY RELEASE SOME FREAKIN' GAMES?????

Just saying...

Hiddai
Hiddai

aim for pokemon :P

JOHN1486
JOHN1486

Maybe these profits may come from the 3ds but the WII U is dead...expired, deceased....it is a lost cause.....good thing they didn't put to much money or research into it. 

LesserAngel
LesserAngel

FFS, just give me F-Zero already, that alone is enough for me to buy a Wii-U... Knowing my luck, they'll release a F-Zero game for the 3DS...

Suaron_x
Suaron_x

Nintendo offered a radically different experience at the dawn of the last generation with motion controllers.  Sony and MS caught up, with the Kinect being vastly superior to Nintendo's motion controller vision.  In terms of spec's and performance the Wii U is on par with the 360 and PS3 and those devices are cheaper.  The tablet controller costs too much and is too gimicky.  Limited 1st party titles aren't helping and how many times can you expect people to keep buying Mario/Zelda games?  Some of the Mario/Zelda games are also too difficult for their pre-teen audiences.

Nintendo needs to move Wii U units before it's all but permanently removed from store shelves.  Is the tablet controller required to play games or does it just offer an enhanced experience?  Replacing that tablet with a standard controller could be one way to move base units.  The Wii U needs to be half the cost of the PS4/Xbone, and it can't higher in price than comparible 360/PS3 offerings.  That tablet controller should be around the cost of a standard controller (i.e. $60) to move independently of the base system. 

demon-returns
demon-returns

I feel bad for my sheep brothers..... so loyal and trusting yet they get taken advantaged of time and time again.

When will the cycle stop? why oh why my deer sheep? why? for how much longer can you endure this kinda life?

mattcake
mattcake

Sadly you pissed off too many people by not releasing anything decent for the Wii. Now MS and Sony have alternative motion-controlled offerings, you are dead in the water. Too many people at Nintendo sat back watching the profits roll in and did NOTHING to keep the purchasers happy because they were selling so many units. In fact all you actually did is alienate even more people from buying a Wii U because the Wii userbase was so high. I think they call that irony.

craigprime
craigprime

@xiiraveniix Pokemon X & Y...Pikmin 3...Smash Bros...Windwaker...101...Lost World...

 Someone get a guide dog for this blind person.

xeoneex66
xeoneex66

@Strider8009 I foresee a massive gaming crash, Indie Devs will be unaffected, but the big companies like Nintendon't, Phony, Micro$hits, Crapcom, SquareAnus, Evil Assholes, and Asstivision/Blehzzard will fall, and fall HARD.  And I do hope they fall so they can see what lead them to this point.

WolfGrey
WolfGrey

@Strider8009  

Highly doubt it. The WiiU sales tell ya nope. So does the N64 and the Gamecube.

The wii was only successful because of casuals end of story.

ziqi92
ziqi92

@robx360 They don't want to be. Nintendo's policy was to always deliver something unique, timeless, and ageless. You can't have the last one if you aim strictly for mature audiences, and the first two aspects would be difficult to achieve given that almost every western developer produces all the M rated games the world needs.

brainiac1988
brainiac1988

@robx360 they can make a powerful system which has PC architecture and still keep making their own franchises.

One doesnt rule out the other.

xeoneex66
xeoneex66

@dr_jashugan Honeslty, when I heard the Wii-U was the next Nintendo console, I honeslty thought it was just an upgraded version of the Wii.  Who would have thought it was practically the same damn thing with a few minor additions.  Nothing eye catching, and the lack of games says it all...  You lost Nintendo.  You lost bigtime...

ziqi92
ziqi92

@DaneGamer They can actually operate at a loss for 50 years and still be fine. Neither Sony nor Microsoft have the money Nintendo is making right now. 22 million units in a console's life cycle is not a problem so long as Nintendo has their exclusives.

xeoneex66
xeoneex66

@brainiac1988 They need to make another Nintendo Entertainment System with all new 8bit games.  Think of the possiblities with this generations techonology what types of awesome 8bit or hell even 16 bit games they could come up with...  I'm kinda sick of the overly hyped yawn fest graphics that are being developed :/

AttackOfTheCat
AttackOfTheCat

@brainiac1988 But a traditional controller narrows the potential for innovation, so I prefer the risks they take with their controllers.

Granted some games usage of the hardware is lacking and tacky eg Waggle fest mini games, but when they get it right, it's fantastic.

APizzo667
APizzo667

@brainiac1988 I wish, I wish. If they had done that this generation they would have easily been the number one console solely because of their exclusive franchises. 

ziqi92
ziqi92

@ninjaroach81 They're in development, genius. You clearly don't understand how time-consuming it is to make a good game.

xeoneex66
xeoneex66

@Hiddai And like Mario, pokemon has been bled to death as a franchise.  IT TOO, needs to die out as mario and zelda alike need to just die... Hell they let metroid go, and I think that had alot more potential than the same old style of gameplay that is Mario/Zelda games.

xeoneex66
xeoneex66

@Suaron_x Perhaps whats wrong with these consoles is the fact of Motion Control itself.  I can definatly say I have had no desire to "move around like an imbecile" to play a game.  I mean the AVGN said it best... Why need a power glove when you can just use a controller... 

xeoneex66
xeoneex66

@mattcake It wasn't that the people at Nintendo were sitting back watching, it's they refused good 3rd party developers to actually make shit for their system.  And the 3rd party devs that DID made such atrociously boring crap games, that people didnt' have alot of hope for them putting out games that were coming to other platforms that were actually worth something.  Although I can't say most of those games were all that great to begin with, but you get my point.

96augment
96augment

@mattcake More people will buy a Wii U when a new Legend of Zelda, Metroid, or Super Smash Bros comes out.

APizzo667
APizzo667

@mattcake good point. Low quality games were coming out left and right for the Wii with no blockbusters for long time Nintendo fans to make everyone happy.

xiiraveniix
xiiraveniix

@craigprime @xiiraveniix 

Pokemon X & Y is not on WiiU.

Smash Bros won't be released til next year.

Lost World is made by Sega, not Nintendo.

Wonderful 101 is also not made by Nintendo (and was supposed to come out right after launch of the WiiU).

And I've had Wind Waker for 10 years now... I'm not buying a WiiU to play a game I already own.

So looks like you only have Pikmin 3 as an example of a game Nintendo has released recently.

Someone get a brain for this scarecrow.

godslayer61
godslayer61

@craigprime @xiiraveniix are they out NO my wii u is a dust collector , 1 game every 2-4 months is how the wii u is right now, so get your eye sight checked because the wii u is dead in the water. no one wants to devolep for it over 80% of game devolepers have already said no games are planed this year or next so all they have is 1rst part games and they are not going to be ready for a while.

xeoneex66
xeoneex66

@ziqi92 @robx360 Yet, you are alienating the gamers that grew UP on Nintendo, so by blocking them out entirely, they are risking alienating their current marketing strategy of appealing to kids.  I mean, even some of these young kids roll their eyes at the titles coming out on the Wii, and Pii-U.

godslayer61
godslayer61

@Strider8009 @dr_jashugan  yes but there next consoles are hot sellers and are already killing the wii u in sales , so the wii was a fad because there next console is bombing but the other company's are making a killing and there not even out yet, most of the wii kids have grown up and moved on to better things like ps4

xeoneex66
xeoneex66

@ziqi92 @ninjaroach81 Neither does Nintendo, they haven't had a good one since Ocarina of Time.  And don't pull the shit that Metroid Prime was great, it was ok, but I didnt care too much for the 3d metroid.  Bring me back another Super Metroid 3 *facepalm*

ninjaroach81
ninjaroach81

@ziqi92 I fully understand how long it takes to develop games.  My point was that it seems that all the news from Nintendo has been "This is coming; when this is released, it will all be better; everything will all come together when this gets relased," etc.  Wii U has been out for 9 months now, the launch lineup, was less than stellar, there's been no confirmation on relase dates for their in-house AAA titles and the 3rd-party has largely abandoned the Wii U.  Talk is cheap.  It's like me saying that I can build an full electric car that will get 400 miles on a single charge, recharge in 5 minutes and turn a sub 8-minute lap of the Nordschleife; it all sounds great, but it means nothing until you actually do it.

xiiraveniix
xiiraveniix

@ziqi92 @ninjaroach81 And they'll come out when it's too late. They should have made the games before the launch of the hardware, not the other way around.

ziqi92
ziqi92

@xeoneex66 @Hiddai Now why would they let franchises that pretty much print money die out? Mario and Pokemon are still by far the best selling video game series in the world to date.

ziqi92
ziqi92

@DaneGamer @LesserAngel From a fan's standpoint, it would be. However, knowing Miyamoto, he would never be satisfied with a game like that. Online play and HD graphics mean so little to him since he does not believe that's what games should be about.

ComicPostar
ComicPostar

@xiiraveniix Mario 3D World, Donkey Kong Tropical Freeze, Zelda U, Mario and Sonic at the Sochi 2014 Winter Games, Luigi U, Pokemon rumble U, more, and 20-30 indie games coming to eShop.


Have that Seat.

xeoneex66
xeoneex66

@godslayer61 @Strider8009 @dr_jashugan Ya well given the current crap with MS I'm surprised people actually care about that system.  And I haven't trusted sony since my old Sony CD player broke within 5 monthes of use...  And yet the Panasonic CD player that I bought to replace the Sony one still works after 20 years... huh who'da thunk it.

ziqi92
ziqi92

@xeoneex66 @ziqi92 @ninjaroach81 Haven't had a good game since Ocarina of Time? That just sounds like Nintendo games are no longer your cup of tea, rather than the games actually being below average quality. Super Mario Galaxy was by far one of the best games I've played in a long time.