Nintendo Holding Critical Earnings Report this month.

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#1 Edited by Jakandsigz (4512 posts) -

http://www.kpopstarz.com/articles/74058/20140115/nintendo-wii-u.htm

As Nintendo begins the New Year, the company is continuing to attempt to recover from the Wii U loss, while keeping fans excited with another Direct.

One thing that has become overwhelmingly clear about the Nintendo Wii U: It is losing, both in sales and the public eye.

Recently, an anonymous article from Eurogamer has gone viral detailing the experiences a developer experienced working with Nintendo on the Wii U system. In short, the developer felt it was difficult to make games for the console due to the hardware and the lack of technical and feature support from Nintendo.

Since then, everyone and anyone are attempting to figure out exactly "where it all went wrong" for Nintendo Wii U, from the lack of titles to the timing of the reveal. And now, it appears Nintendo will be doing the same by the end of the month.

Reportedly, Nintendo will be holding a critical earnings report at the end of this month, which should cover both the issues concerning Wii U and the 3DS. A press event will allegedly be made from this meeting and no doubt Nintendo will use this opportunity to ease everyone's worries about the Wii U.

In addition, the now fan-favorite Nintendo Direct will be hosting another one this month-in Korea.

Although an English Nintendo Direct will almost certainly arrive this month as it does periodically, the Korean Nintendo Direct will arrive on January 17 first.

Keep in mind this is the same report that months back Iwata said would determine his retirement and whether to restructure.

#2 Posted by Desmonic (12403 posts) -

Financially, as a company, they should still be fine. The WiiU however might be causing some serious headaches between the investors and the heads of the company...

#3 Edited by charizard1605 (54093 posts) -

Yeah, duh? it's the usual quarterly earnings report, they hold it at the end of every quarter, and every January falls into that.

Sony and Microsoft are holding their earnings report this month too. What's the big deal?

#4 Posted by Jakandsigz (4512 posts) -

Yeah, duh? it's the usual quarterly earnings report, they hold it at the end of every quarter, and every January falls into that.

Sony and Microsoft are holding their earnings report this month too. What's the big deal?

You don't know what the word "critical" means do you?

#5 Posted by charizard1605 (54093 posts) -

@charizard1605 said:

Yeah, duh? it's the usual quarterly earnings report, they hold it at the end of every quarter, and every January falls into that.

Sony and Microsoft are holding their earnings report this month too. What's the big deal?

You don't know what the word "critical" means do you?

I do, and I am laughing at its usage.

#6 Posted by Speak_Low (695 posts) -

This one is different because Nintendo already said, a few months ago, they may have to announce drastic Nintendo decisions in this meeting based on their holiday performance.

Unlike Sony and MS who hold their regular meetings where things are "business as usual", this Nintendo meeting will be one where they are forced to address one of the worst financial periods they've ever seen, all because of the Wii U.

Resignation or management change is even possible, but that's most likely afterwards. This meeting will be full of "Please understand" apologies like always.

#7 Edited by Jakandsigz (4512 posts) -

@Jakandsigz said:

@charizard1605 said:

Yeah, duh? it's the usual quarterly earnings report, they hold it at the end of every quarter, and every January falls into that.

Sony and Microsoft are holding their earnings report this month too. What's the big deal?

You don't know what the word "critical" means do you?

I do, and I am laughing at its usage.

Ok

#8 Posted by super600 (29861 posts) -

This one is different because Nintendo already said, a few months ago, they may have to announce drastic Nintendo decisions in this meeting based on their holiday performance.

Unlike Sony and MS who hold their regular meetings where things are "business as usual", this Nintendo meeting will be one where they are forced to address one of the worst financial periods they've ever seen, all because of the Wii U.

Resignation or management change is even possible, but that's most likely afterwards. This meeting will be full of "Please understand" apologies like always.

Iwata is not going to resign, but the management may be changed.They are just planning things for the reminder of the financial year and for next financial year.

#9 Edited by Suppaman100 (3513 posts) -

You make the worst threads.

#10 Edited by Jakandsigz (4512 posts) -

You make the worst threads.

You make the worst posts. All of them the exact same spam. It's why yo can't make threads because they would be locked, and they were when you did with most of them.

#11 Edited by DaBrainz (7603 posts) -
#12 Posted by nintendoboy16 (25724 posts) -

To quote every Star Wars character who said it: I have a BAD feeling about this!

#13 Edited by Zassimick (6110 posts) -

They'll decline to comment on a price drop, say they have titles on the way and that they have a plan to get the Wii U where it needs to be. This is what I imagine will happen, along with going over the reports and reviewing the past year.

Whether it happens... we'll have to see.

#14 Posted by Capitan_Kid (6509 posts) -

Heres to hoping for big changes

#15 Posted by Ghost120x (3604 posts) -

Price cut? Investors aren't going to be happy about that.

#16 Posted by nintendoboy16 (25724 posts) -

Heres to hoping for big changes

If it's a big enough change that makes them sell-out, then...

#17 Posted by VendettaRed07 (13997 posts) -

Just announce the next nintendo direct and tell us when the f&^% we are going to be playing the games that are supposedly coming out this year. Solid release dates Nintendo ffs..

#18 Edited by mariokart64fan (19345 posts) -

with all the 3dses selling and all that money from the wii , and games , and accessories ,, whats the big deal if wiiu ends up selling 50 m , lol

#19 Edited by lamprey263 (22298 posts) -

Nintendo, like every other company out there, has a major report coming out in the next month, it's called a quarterly report.

#20 Edited by KungfuKitten (20633 posts) -

@mariokart64fan said:

with all the 3dses selling and all that money from the wii , and games , and accessories ,, whats the big deal if wiiu ends up selling 50 m , lol

No biggy. But investors are easily impressed by the media. And the media has been against Nintendo en masse trying to create a sense of doom or neglect. So they may have a lot of talking to do to set people straight.

#21 Posted by StriateEnd (497 posts) -

Yeah, duh? it's the usual quarterly earnings report, they hold it at the end of every quarter, and every January falls into that.

Sony and Microsoft are holding their earnings report this month too. What's the big deal?

Every tiny bit of gaming "news" is a big deal and thread worthy to OP/TC. He's been on a thread making rampage for the past couple months. None of his threads are particularly good either.

#22 Edited by gamevet77 (169 posts) -

Think about this for a sec.

Lets say your a publisher or developer. You can release a new game on x1/ps4 or you can do it on the wiiu. The hardware is too different to really do both.

You can learn this difficult wiiu platform with the 2 screens and inferior hardware or you can release for name brands who make a living at supporting 3rd parties. Who do you choose?

On WiiU a highly rated 3rd party game would be lucky to sell 1 million copies. Nintendo fans have failed to support 3rfd parties.

Sony/Microsoft have shown 3rd parties can be very successful selling games. The bottom line is the companies will make more money developing a good game on x1/ps4 than the wiiu.

#23 Edited by nintendoboy16 (25724 posts) -

Think about this for a sec.

Lets say your a publisher or developer. You can release a new game on x1/ps4 or you can do it on the wiiu. The hardware is too different to really do both.

You can learn this difficult wiiu platform with the 2 screens and inferior hardware or you can release for name brands who make a living at supporting 3rd parties. Who do you choose?

On WiiU a highly rated 3rd party game would be lucky to sell 1 million copies. Nintendo fans have failed to support 3rfd parties.

Sony/Microsoft have shown 3rd parties can be very successful selling games. The bottom line is the companies will make more money developing a good game on x1/ps4 than the wiiu.

What does THAT have to do with this thread?

#24 Posted by Capitan_Kid (6509 posts) -
#25 Edited by nintendoboy16 (25724 posts) -

@nintendoboy16: Youre paranoid

Why? Because of what I fear in this possible change to one of the last few entirely gaming companies, especially one with their own hardware and has done their own things to stick out for better or worse? Does it exactly help that there are people in the industry (even former) that wants Nintendo to sell-out (ex: David Jaffe)?

#26 Edited by TrappedInABox91 (444 posts) -

Nintendo, like every other company out there, has a major report coming out in the next month, it's called a quarterly report.

The true tea has been spilled.

#27 Posted by LegatoSkyheart (24117 posts) -

I think some restructuring is already being made.

#28 Posted by mario-galaxys (583 posts) -

Any supposed restructuring will depend on the quarterly report, but I feel that the annual report if it is negative will make restructuring very urgent. And I doubt the Satoru Iwata will be resigning anytime soon.

#29 Posted by MirkoS77 (6786 posts) -

@Capitan_Kid said:

@nintendoboy16: Youre paranoid

Why? Because of what I fear in this possible change to one of the last few entirely gaming companies, especially one with their own hardware and has done their own things to stick out for better or worse? Does it exactly help that there are people in the industry (even former) that wants Nintendo to sell-out (ex: David Jaffe)?

Nintendo will never sell out, you should know this by now.

#30 Posted by Capitan_Kid (6509 posts) -

@nintendoboy16: Its irrelevant babble. Your tinfoil hat is on way too tight.

#31 Posted by FoxbatAlpha (5854 posts) -

What can Nintendo do? Dun know.

#32 Edited by trugs26 (5084 posts) -

So who exactly stated it was a "critical" earnings report?

#33 Edited by Capitan_Kid (6509 posts) -

@nintendoboy16: Also nintendo hasnt released a pure gaming console since the gamecube. The Wii had a lot of multimedia stuff like a weather channel, internet browser, and netflix and the Wii U also has multimedia services

#34 Edited by LegatoSkyheart (24117 posts) -

@nintendoboy16: Also nintendo hasnt released a pure gaming console since the gamecube. The Wii had a lot of multimedia stuff like a weather channel, internet browser, and netflix and the Wii U also has multimedia services

Wii Mini dude.

Sucker can't even connect Online.

#35 Edited by KBFloYd (12702 posts) -

What can Nintendo do? Dun know.

go back to 2nd place lem..

#36 Posted by madsnakehhh (13946 posts) -

@trugs26 said:

So who exactly stated it was a "critical" earning report?

TC... -_-

#37 Posted by PurpleMan5000 (6544 posts) -

Think about this for a sec.

Lets say your a publisher or developer. You can release a new game on x1/ps4 or you can do it on the wiiu. The hardware is too different to really do both.

You can learn this difficult wiiu platform with the 2 screens and inferior hardware or you can release for name brands who make a living at supporting 3rd parties. Who do you choose?

On WiiU a highly rated 3rd party game would be lucky to sell 1 million copies. Nintendo fans have failed to support 3rfd parties.

Sony/Microsoft have shown 3rd parties can be very successful selling games. The bottom line is the companies will make more money developing a good game on x1/ps4 than the wiiu.

My favorite games are strategy games, and it's not like those games are going to sell on the PS4 or XB1. If I had to go with a console, I would go with the Wii U because I really think the tablet could enable the creation of a truly unique game, and I would want my game to be as good as it could possibly be.

#40 Edited by Couth_ (9908 posts) -
@trugs26 said:

So who exactly stated it was a "critical" earnings report?

Iwata did

" if things don’t turn around this Christmas then Nintendo executives would review the situation to decide what to do about the failing console."

"the success of Nintendo’s newest console and the future direction of the firm were riding on the performance of a slate of new games during the upcoming holiday sales season. Once those results were in, Nintendo executives would review them to decide “what the company needs to do, over the long-term, about its platform,” Mr. Iwata said.

http://mynintendonews.com/2013/10/30/iwata-is-naturally-unhappy-with-q2-2014-results-but-claims-major-overhaul-isnt-necessary/

Basically the performance on this review dictates what they do moving forward.. pretty big time

@nintendoboy16 said:

@Capitan_Kid said:

@nintendoboy16: Youre paranoid

Why? Because of what I fear in this possible change to one of the last few entirely gaming companies, especially one with their own hardware and has done their own things to stick out for better or worse? Does it exactly help that there are people in the industry (even former) that wants Nintendo to sell-out (ex: David Jaffe)?

I see you are coming around to the possibility ;]

Stop being such a sad bloke. Get hype

#41 Posted by nintendoboy16 (25724 posts) -

@nintendoboy16: Also nintendo hasnt released a pure gaming console since the gamecube. The Wii had a lot of multimedia stuff like a weather channel, internet browser, and netflix and the Wii U also has multimedia services

Well, what is Nintendo only known for? GAMES! What are Sony and MS known for? More than GAMES! Sony has music and film, while MS does all kinds of software.

@MirkoS77 said:

Nintendo will never sell out, you should know this by now.

Never hurts to be cautious. Sometimes, you never know what's going on in the gaming industry.

#42 Posted by mario-galaxys (583 posts) -
#43 Posted by resevl4rlz (3226 posts) -

http://www.nikkei.com/article/DGXNAS...10C14A1000000/

Iwata was quoted at the press conference today saying that he feels responsibility for the poor business performance at Nintendo, and he is sorry to all shareholders. He says the most important thing is to revigorate Nintendo's business as quickly as possible. He will NOT resign, but stay in office to carry that through.

#44 Posted by Samurai_Xavier (4364 posts) -

Ouch. This is really bad for Nintendo.

#45 Edited by Couth_ (9908 posts) -

Nintendo Co. (7974) revised its forecast for the fiscal year to a net loss of 25 billion yen ($240 million), cutting its projections for the Wii U console and saying year-end software sales were far below expectations.

“It is now expected that our sales will fail to meet our previous forecast by a large margin,” President Satoru Iwata said at a press conference today. “We can no longer expect our financial performance to recover in the current fiscal year.”

The revisions increase the pressure on Iwata, who vowed in October to meet a forecast of 100 billion yen in full-year operating profit and 9 million units in Wii U sales. Nintendo has lost about 80 percent of its market value

“The revision is much worse than expected,” Yusuke Tsunoda, an analyst at Tokai Tokyo Securities Co. in Tokyo, said by phone. “It’s going to be a third consecutive annual operating loss and that raises a serious management issue.”

Iwata said he’s considering a new business structure, and any announcement about a pay cut would come later this month when the company releases third-quarter earnings. There are no plans to reshuffle management in the near term, he said.

http://www.bloomberg.com/news/2014-01-17/nintendo-forecasts-net-loss-on-stagnating-sales-of-wii-u-games.ht=

#46 Edited by nintendoboy16 (25724 posts) -

http://www.nikkei.com/article/DGXNAS...10C14A1000000/

Iwata was quoted at the press conference today saying that he feels responsibility for the poor business performance at Nintendo, and he is sorry to all shareholders. He says the most important thing is to revigorate Nintendo's business as quickly as possible. He will NOT resign, but stay in office to carry that through.

"NO!" cried the internet as if they were a newfound Sith Lord.

#47 Posted by FoxbatAlpha (5854 posts) -

@KBFloYd said:

@FoxbatAlpha said:

What can Nintendo do? Dun know.

go back to 2nd place lem..

Why all the hate?

#48 Edited by g0ddyX (3865 posts) -

Think about this for a sec.

Lets say your a publisher or developer. You can release a new game on x1/ps4 or you can do it on the wiiu. The hardware is too different to really do both.

You can learn this difficult wiiu platform with the 2 screens and inferior hardware or you can release for name brands who make a living at supporting 3rd parties. Who do you choose?

On WiiU a highly rated 3rd party game would be lucky to sell 1 million copies. Nintendo fans have failed to support 3rfd parties.

Sony/Microsoft have shown 3rd parties can be very successful selling games. The bottom line is the companies will make more money developing a good game on x1/ps4 than the wiiu.

Yeah, Dev's will pretty much avoid the Wii U and make games for PC,X1, and PS4.
That time and effort to downgrade...

#49 Edited by SUD123456 (4326 posts) -

RIP WiiU

#50 Edited by joehult (349 posts) -

I would hope a fire sale is now imminent. I am not touching this thing if it is more than $200.