Nintendo's financial panic. Iwata stays. Restructuring plans

This topic is locked from further discussion.

#1 Edited by Jakandsigz (6341 posts) -

Iwata stays:

http://www.polygon.com/2014/1/17/5318416/iwata-says-he-wont-resign-following-nintendos-ongoing-fiscal-issues

Main Story:

http://www.dailytech.com/Nintendo+Slashes+Wii+U+Sales+Forecast+by+69+Percent/article34157c.htm

Nintendo's Wii U remains forgotten, as if it doesn't even qualify to be apart of the console race.

A new statement from Nintendo

has made this point even clearer. The game company announced that its anticipated units sold from April 2013 to March 2014 will be changed from a previous 9 million to just 2.8 million.

This represents a staggering 69 percent drop. Wii U software doesn't look any better, with sales expectations falling from a previously-reported 38 million to just 19 million.

But at least Nintendo still has the 3DS handheld system to fall back on, right? Wrong. The company also had to revise those sales expectations, dropping from 18 million to just 13.5 million units sold.

As for the original Wiis, Nintendo is cutting their sales expectations from a previous 2 million to 1.2 million.

With so many sales revisions, Nintendo is also decreasing its financial forecast, which includes a loss of 25 billion yen ($240 million USD) -- down from a previously-reported 55 billion yen profit.

Nintendo CEO Satoru Iwata said in an interview that Nintendo will have to make some major changes, possibly including an entirely new business structure. The company is looking to focus on mobile devices like smartphones, reportedly.

Iwata attempted to explain his company's financial and sales shortcomings in a statement you can read

here:

Giving a detailed explanation on our sales performance in and leading up to the year-end sales season by platform, Nintendo 3DS continued to show strong sales in the Japanese market. The unit sales for Nintendo 3DS in the previous calendar year amounted to approximately 4.9 million units, falling short of our aim of five million units by a small margin. However, as I explained before, given that every gaming device from the year 2000 onwards apart from Nintendo DS and Nintendo 3DS did not reach sales of four million units even in their peak years, we can say that the sales figure for Nintendo 3DS in the last calendar year was indeed very high. However, outside Japan, while its market share increased as we continued to release compelling titles throughout the year, Nintendo 3DS did not reach our sales targets in the overseas markets, and we were ultimately unable to achieve our goal of providing a massive sales boost to Nintendo 3DS in the year-end sales season. Using the U.S. market as an example, Nintendo 3DS became the top-selling platform in the last calendar year, according to NPD, an independent market research company, with its cumulative sales exceeding 11.5 million units; however, the estimated annual sales of the Nintendo 3DS hardware remain significantly lower than our initial forecast at the beginning of the fiscal year. In Europe, while the individual markets showed different results, France was the only market in which we experienced relatively strong sales, and we failed to attain our initial sales levels by a large margin in other countries.

Wii U sales, on the other hand, showed some progress in the year-end sales season as we released various compelling titles from the summer onwards, launched hardware bundles at affordable price points and also performed a markdown of the hardware in the U.S. and European markets; however, they fell short of our targeted recovery by a large margin. In particular, sales in the U.S. and European markets in which we entered the year-end sales season with a hardware markdown were significantly lower than our original forecasts, with both hardware and software sales experiencing a huge gap from their targets. In addition, we did not assume at the beginning of the fiscal year that we would perform a markdown for the Wii U hardware in the U.S. and European markets. This was also one of the reasons for lower sales and profit estimates.

This is a very interesting read. It seems that the Wii U and the 3DS outside of japan (which many denied) are causing some issues for Nintendo. Although I am not entirely sure the reports on focusing on phones are true, I will believe the restructuring as even Iwata mentions the restructuring.

They have not been able to recover the losses and they are planning to report another loss. With Iwata staying I hope at least he hires some people who are familiar with turning the business around, or maybe not gimping NoA and giving them a bit more power or something you know, something that works better than what this is.

I mean Iwata did say entirely new business structure.

#2 Posted by MonsieurX (31703 posts) -

As usual,hit the search button before spamming your new threads

#3 Posted by super600 (31124 posts) -

@MonsieurX said:

As usual,hit the search button before spamming your new threads

No one posted this before jak.

#4 Posted by Capitan_Kid (6634 posts) -

@MonsieurX: Get the jelly out your eyes. There arent any

#5 Edited by Shewgenja (11034 posts) -

@MonsieurX said:

As usual,hit the search button before spamming your new threads

Clown. This is absolutely new.

#6 Edited by DocSanchez (2375 posts) -

@MonsieurX: please understand, this thread is new. Please understand.

#7 Posted by neo418 (500 posts) -

@DocSanchez said:

@MonsieurX: please understand, this thread is new. Please understand.

and thread derailed

#8 Posted by DocSanchez (2375 posts) -

@neo418: you wish.

#9 Posted by tormentos (20229 posts) -

Nintendo own fault this is what happen when you refuse to compete on the market and fall back on pass success,and many think Nintendo would have learned their lesson after losing 2 generations in a row a wining back again.

The Wii for starters is to expensive,$250 should have been the initial price,sure they would loss a few dollars but with greater sales come greater games sales,and since Nintendo doesn't spend 60 million making any mario game,they should have make a profits in games.

#10 Edited by MonsieurX (31703 posts) -

@tormentos said:

Nintendo own fault this is what happen when you refuse to compete on the market and fall back on pass success,and many think Nintendo would have learned their lesson after losing 2 generations in a row a wining back again.

The Wii for starters is to expensive,$250 should have been the initial price,sure they would loss a few dollars but with greater sales come greater games sales,and since Nintendo doesn't spend 60 million making any mario game,they should have make a profits in games.

Losing 2 generations in a row?

Wii outsold both consoles by a good margin

#11 Posted by Jakandsigz (6341 posts) -

@MonsieurX said:

@tormentos said:

Nintendo own fault this is what happen when you refuse to compete on the market and fall back on pass success,and many think Nintendo would have learned their lesson after losing 2 generations in a row a wining back again.

The Wii for starters is to expensive,$250 should have been the initial price,sure they would loss a few dollars but with greater sales come greater games sales,and since Nintendo doesn't spend 60 million making any mario game,they should have make a profits in games.

Losing 2 generations in a row?

Wii outsold both consoles by a good margin

Before you were bron Nintendo lost twice. Also Tormentos sad "losing 2 generations in a row a wining back again."

#12 Posted by Samurai_Xavier (4364 posts) -

Ouch. Nintendo's stock went of a cliff today.

#13 Posted by nintendoboy16 (28081 posts) -

Nintendo better not go deep with iOS, if they do, they go as low as Square Enix and Capcom (and will confirm my "selling out" fears).

Of course, isn't this what shareholders and some people on this forum want to see because, you know "a third party Nintendo is the only way" after this major forecast cut?

#14 Posted by tormentos (20229 posts) -

@MonsieurX said:

@tormentos said:

Nintendo own fault this is what happen when you refuse to compete on the market and fall back on pass success,and many think Nintendo would have learned their lesson after losing 2 generations in a row a wining back again.

The Wii for starters is to expensive,$250 should have been the initial price,sure they would loss a few dollars but with greater sales come greater games sales,and since Nintendo doesn't spend 60 million making any mario game,they should have make a profits in games.

Losing 2 generations in a row?

Wii outsold both consoles by a good margin

Boy you don't hit one on this thread is all strikes...hahahaha

#15 Posted by Gue1 (11428 posts) -

@MonsieurX said:

@tormentos said:

Nintendo own fault this is what happen when you refuse to compete on the market and fall back on pass success,and many think Nintendo would have learned their lesson after losing 2 generations in a row a wining back again.

The Wii for starters is to expensive,$250 should have been the initial price,sure they would loss a few dollars but with greater sales come greater games sales,and since Nintendo doesn't spend 60 million making any mario game,they should have make a profits in games.

Losing 2 generations in a row?

Wii outsold both consoles by a good margin

N64 and GameCube = 2 generations. And do you know the reason why Nintendo dropped the motion sensing gimmicks? Because their software sales were abysmal. And before someone comes out with some VGchartz or something, those sales were greatly inflated by Wii-Sports which is a bundled game. Most people bought a Wii, played Wii-sports and that's it. That's why all the 3rd party's jumped ship.

#16 Edited by Speak_Low (1258 posts) -

While the Lems and Cows keep arguing in the NPD thread over who won over a trifle difference, the real, clear loser today is Nintendo.

MS and Sony didn't need to release apologetic public statement like this or saying anything about a restructuring of business plans. Leave it to pathetic Nintendo to have to say this right after the holiday selling season, which should be their high point showing promise for the new year.

Sheep will keep using the Wii/DS combo example, but Nintendo's success there hasn't helped them one bit now. That means they don't know what they are doing. If they did, then why do they need to consider business restructuring and looking at mobile devices? He just admitted in the above quotes that their consoles are not helping them in "winning", nor is it making enough money or reaching targets.

And unlike MS and Sony which have 10x the responsibilities outside of gaming, Nintendo can't even succeed with a one year Wii U head start or having only one thing to focus on in their company.

Look at how pathetic they are. Took MS and Sony less than two months to almost match Nintendo. And X1 is $500 and PS4 is supply constrained too:

#17 Edited by MonsieurX (31703 posts) -

@Gue1 said:

@MonsieurX said:

@tormentos said:

Nintendo own fault this is what happen when you refuse to compete on the market and fall back on pass success,and many think Nintendo would have learned their lesson after losing 2 generations in a row a wining back again.

The Wii for starters is to expensive,$250 should have been the initial price,sure they would loss a few dollars but with greater sales come greater games sales,and since Nintendo doesn't spend 60 million making any mario game,they should have make a profits in games.

Losing 2 generations in a row?

Wii outsold both consoles by a good margin

N64 and GameCube = 2 generations. And do you know the reason why Nintendo dropped the motion sensing gimmicks? Because their software sales were abysmal. And before someone comes out with some VGchartz or something, those sales were greatly inflated by Wii-Sports which is a bundled game. Most people bought a Wii, played Wii-sports and that's it. That's why all the 3rd party's jumped ship.

Yeah,that's why Mario Kart and NSMBW are the best selling games of last gen

#18 Edited by Jakandsigz (6341 posts) -

@Gue1 said:

@MonsieurX said:

@tormentos said:

Nintendo own fault this is what happen when you refuse to compete on the market and fall back on pass success,and many think Nintendo would have learned their lesson after losing 2 generations in a row a wining back again.

The Wii for starters is to expensive,$250 should have been the initial price,sure they would loss a few dollars but with greater sales come greater games sales,and since Nintendo doesn't spend 60 million making any mario game,they should have make a profits in games.

Losing 2 generations in a row?

Wii outsold both consoles by a good margin

N64 and GameCube = 2 generations. And do you know the reason why Nintendo dropped the motion sensing gimmicks? Because their software sales were abysmal. And before someone comes out with some VGchartz or something, those sales were greatly inflated by Wii-Sports which is a bundled game. Most people bought a Wii, played Wii-sports and that's it. That's why all the 3rd party's jumped ship.

The good third-parties. Wii had third-party support. Although oddly the Wii u did not grab those either.

@MonsieurX said:

@Gue1 said:

@MonsieurX said:

@tormentos said:

Nintendo own fault this is what happen when you refuse to compete on the market and fall back on pass success,and many think Nintendo would have learned their lesson after losing 2 generations in a row a wining back again.

The Wii for starters is to expensive,$250 should have been the initial price,sure they would loss a few dollars but with greater sales come greater games sales,and since Nintendo doesn't spend 60 million making any mario game,they should have make a profits in games.

Losing 2 generations in a row?

Wii outsold both consoles by a good margin

N64 and GameCube = 2 generations. And do you know the reason why Nintendo dropped the motion sensing gimmicks? Because their software sales were abysmal. And before someone comes out with some VGchartz or something, those sales were greatly inflated by Wii-Sports which is a bundled game. Most people bought a Wii, played Wii-sports and that's it. That's why all the 3rd party's jumped ship.

Yeah,that's why Mario Kart and NSMBW are the best selling games of last gen

More bundled games.

#19 Posted by MonsieurX (31703 posts) -

@Jakandsigz said:

@MonsieurX said:

@tormentos said:

Nintendo own fault this is what happen when you refuse to compete on the market and fall back on pass success,and many think Nintendo would have learned their lesson after losing 2 generations in a row a wining back again.

The Wii for starters is to expensive,$250 should have been the initial price,sure they would loss a few dollars but with greater sales come greater games sales,and since Nintendo doesn't spend 60 million making any mario game,they should have make a profits in games.

Losing 2 generations in a row?

Wii outsold both consoles by a good margin

Before you were bron Nintendo lost twice. Also Tormentos sad "losing 2 generations in a row a wining back again."

lol before I was born,good one

#20 Edited by no-scope-AK47 (3053 posts) -

Nintendo should just become a 3rd party they suck at making consoles.

#21 Posted by MonsieurX (31703 posts) -

@no-scope-AK47 said:

Nintendo should just become a 3rd party they suck at making consoles.

lol 3DS

@Jakandsigz said:
@MonsieurX said:

@Gue1 said:

@MonsieurX said:

@tormentos said:

Nintendo own fault this is what happen when you refuse to compete on the market and fall back on pass success,and many think Nintendo would have learned their lesson after losing 2 generations in a row a wining back again.

The Wii for starters is to expensive,$250 should have been the initial price,sure they would loss a few dollars but with greater sales come greater games sales,and since Nintendo doesn't spend 60 million making any mario game,they should have make a profits in games.

Losing 2 generations in a row?

Wii outsold both consoles by a good margin

N64 and GameCube = 2 generations. And do you know the reason why Nintendo dropped the motion sensing gimmicks? Because their software sales were abysmal. And before someone comes out with some VGchartz or something, those sales were greatly inflated by Wii-Sports which is a bundled game. Most people bought a Wii, played Wii-sports and that's it. That's why all the 3rd party's jumped ship.

Yeah,that's why Mario Kart and NSMBW are the best selling games of last gen

More bundled games.

Pretty sure they'd count for a small amount

#22 Posted by V3rciS (2206 posts) -

This is sad news... I hope Nintendo won't focus plainly on mobile phones and tablets, that would be bad for the industry. However I'd like them to truly restructure their buisness strategy. To develop more compelling hardware and games, to focus on quality and sense. To stop focusing mainly on casuals but make a new legit approach to hardcores. I understand that their buisness plan was to create software for young kids and families but thing is that kids have no money, they depend entirely on their parents to provide cash for their toys, but during different circumstances many parents may be reluctant to do so.

With that said I don't mean they should drop their existing IPs, but renovate them, for example create a new serious Metroid game. The anticipated new Zelda HD is a good start, they could possibly redesign even Mario.

And last but not least... hardware, stop relying on outdated hardware, it worked once (Wii) but it ain't gonna work again. Trick me once shame on you, trick me twice... shame on me.

If for some reason what I said above is out of discussion... they really have one remaining option. GO 3rd Party... it's not that bad after all. They can and will sell tons of software generating loads of cash with less expenses. Nintendo fans will still be able to enjoy their favourite games on Playstation or Xbox or even PC and this way they are not obliged to buy a second consoles for 3rd parties and multiplats. They'll be able to enjoy Nintendo games + all other 3rd party stuff on one console. Easy... cheap and nice.

#23 Posted by -CC- (1920 posts) -

And this is why sales get debated here so much. WiiU will go the way of the dodo bird soon.

#24 Edited by nintendoboy16 (28081 posts) -

@V3rciS said:

This is sad news... I hope Nintendo won't focus plainly on mobile phones and tablets, that would be bad for the industry. However I'd like them to truly restructure their buisness strategy. To develop more compelling hardware and games, to focus on quality and sense. To stop focusing mainly on casuals but make a new legit approach to hardcores. I understand that their buisness plan was to create software for young kids and families but thing is that kids have no money, they depend entirely on their parents to provide cash for their toys, but during different circumstances many parents may be reluctant to do so.

With that said I don't mean they should drop their existing IPs, but renovate them, for example create a new serious Metroid game. The anticipated new Zelda HD is a good start, they could possibly redesign even Mario.

And last but not least... hardware, stop relying on outdated hardware, it worked once (Wii) but it ain't gonna work again. Trick me once shame on you, trick me twice... shame on me.

If for some reason what I said above is out of discussion... they really have one remaining option. GO 3rd Party... it's not that bad after all. They can and will sell tons of software generating loads of cash with less expenses. Nintendo fans will still be able to enjoy their favourite games on Playstation or Xbox or even PC and this way they are not obliged to buy a second consoles for 3rd parties and multiplats. They'll be able to enjoy Nintendo games + all other 3rd party stuff on one console. Easy... cheap and nice.

To phrase Yoda from Star Wars: No... there is another.

They can just leave the industry and find another. Better that way.

#25 Posted by V3rciS (2206 posts) -

@nintendoboy16: So you want them out of industry? I thought you were a fanboy... x_X

#26 Posted by DaBrainz (7721 posts) -

Sounds like they need to fire whoever came up with their marketing forecast.

#27 Edited by Maddie_Larkin (6801 posts) -

these news are quite horrible in my mind, if Nintendo went on phones, then the quality of said games would plommet, not to mention that the brand names would plummet into nothingness within a year or two.

If this is the last we will see of the Beloved Nintendo, then it is indeed the saddest day for gamers around the World.

#28 Edited by no-scope-AK47 (3053 posts) -

@V3rciS: Nintendoshould go 3rd party they suck at hardware and make good software. The only reason people buy nintendo consoles is for a couple of games. Clearly the market has spoken. Last gen they got lucky with the wii and instead of building their brand they just stashed cash.

#29 Posted by nintendoboy16 (28081 posts) -

@V3rciS said:

@nintendoboy16: So you want them out of industry? I thought you were a fanboy... x_X

I don't, but I think it's a better poison.

#30 Edited by bbkkristian (14967 posts) -

Looks like we're gonna see Nintendo get active next month, hopefully refuel the hopes with some f***ing release dates on some of their hyped games.

#31 Posted by Jakandsigz (6341 posts) -

@MonsieurX said:

@no-scope-AK47 said:

Nintendo should just become a 3rd party they suck at making consoles.

lol 3DS

@Jakandsigz said:
@MonsieurX said:

@Gue1 said:

@MonsieurX said:

@tormentos said:

Nintendo own fault this is what happen when you refuse to compete on the market and fall back on pass success,and many think Nintendo would have learned their lesson after losing 2 generations in a row a wining back again.

The Wii for starters is to expensive,$250 should have been the initial price,sure they would loss a few dollars but with greater sales come greater games sales,and since Nintendo doesn't spend 60 million making any mario game,they should have make a profits in games.

Losing 2 generations in a row?

Wii outsold both consoles by a good margin

N64 and GameCube = 2 generations. And do you know the reason why Nintendo dropped the motion sensing gimmicks? Because their software sales were abysmal. And before someone comes out with some VGchartz or something, those sales were greatly inflated by Wii-Sports which is a bundled game. Most people bought a Wii, played Wii-sports and that's it. That's why all the 3rd party's jumped ship.

Yeah,that's why Mario Kart and NSMBW are the best selling games of last gen

More bundled games.

Pretty sure they'd count for a small amount

Only with Mario Kart and it still would have sold right around 28 million. All 3 got their majority sales from bundles.

#32 Edited by Couth_ (10334 posts) -

@V3rciS said:
GO 3rd Party... it's not that bad after all. They can and will sell tons of software generating loads of cash with less expenses. Nintendo fans will still be able to enjoy their favourite games on Playstation or Xbox or even PC and this way they are not obliged to buy a second consoles for 3rd parties and multiplats. They'll be able to enjoy Nintendo games + all other 3rd party stuff on one console. Easy... cheap and nice.

That's all it is... Could see zelda selling 15-20 million on PS4/xBone with some nice sales off of steam as well.. Everyone wins.. I wouldn't be surprised if Zelda and others are already in the making as multiplatform games for Nintendo, given the lack of future titles on the system

#33 Posted by PonchoTaco (2648 posts) -

It's sad to see what was once an amazing gaming company begin to go down the tubes. Hopefully, they can do something to bring back their name. Until then, I'll still try and support them. :)

#34 Posted by Demonjoe93 (9759 posts) -

Oh boy, here come the "go third party" posts. You all do realize that Nintendo still has a shit load of money, right?

#35 Posted by PrincessGomez92 (3809 posts) -

Nintendo is doomed. Blah blah blah.

#36 Posted by Jakandsigz (6341 posts) -

@Demonjoe93 said:

Oh boy, here come the "go third party" posts. You all do realize that Nintendo still has a shit load of money, right?

Not that I am saying they will go third-party but the stupid BS of thinking they have an infinite amount of money does not matter at all. Did not stop 5 other companies from dropping out. They could also lose it very fast or most of it.

Now with that said, no i do not think they are going third party.

#37 Posted by Demonjoe93 (9759 posts) -

@Jakandsigz said:

@Demonjoe93 said:

Oh boy, here come the "go third party" posts. You all do realize that Nintendo still has a shit load of money, right?

Not that I am saying they will go third-party but the stupid BS of thinking they have an infinite amount of money does not matter at all. Did not stop 5 other companies from dropping out. They could also lose it very fast or most of it.

Now with that said, no i do not think they are going third party.

I'm not saying they have infinite amounts of money either, but they have more than enough to sustain a Wii-U flop.

#38 Edited by WitIsWisdom (3875 posts) -

bla bla bla... Nintendo will likely hit a LOT closer to 9 million WiiU's sold in a years time than 2.8 mil. They are simply giving worse case scenario figures... sales are increasing now that:

1. Games people have been waiting for are being released, so now they are getting a Wii U

2. People that were waiting to purchase a PS4 or X1 will now be looking to get a Wii U

3. Guaranteed price drop at some point that will push Nintendo sales TROUGH THE ROOF, and give all the "waiters" a good back log of great games.

People always cry out "Nintendo is doomed!" and then Nintendo shoves their foot in those people's mouths. Just give it some time. I will not be wrong, Nintendo is just fine.

Sure, they wont reach the level of success that the Wii obtained, but basing sale figures off a console that caught lightning in a bottle at just the right time is foolish.

#39 Posted by Jakandsigz (6341 posts) -

@WitIsWisdom said:

bla bla bla... Nintendo will likely hit a LOT closer to 9 million WiiU's sold in a years time than 2.9 mil. They are simply giving worse case scenario figures... sales are increasing now that:

1. Games people have been waiting for are being released, so now they are getting a Wii U

2. People that were waiting to purchase a PS4 or X1 will now be looking to get a Wii U

3. Guaranteed price drop at some point that will push Nintendo sales TROUGH THE ROOF, and give all the "waiters" a good back log of great games.

People always cry out "Nintendo is doomed!" and then Nintendo shoves their foot in those people's mouths. Just give it some time. I will not be wrong, Nintendo is just fine.

Sure, they wont reach the level of success that the Wii obtained, but basing sale figures off a console that caught lightning in a bottle at just the right time is foolish.

Odd how nothing shows the Wii U sales increasing except for a good Black friday month. They are also clearly not just fine. It's almost like you did not read the thread or paid attention tot he last 5 months.

#40 Posted by MonsieurX (31703 posts) -

@Jakandsigz said:

@MonsieurX said:

@no-scope-AK47 said:

Nintendo should just become a 3rd party they suck at making consoles.

lol 3DS

@Jakandsigz said:
@MonsieurX said:

@Gue1 said:

@MonsieurX said:

@tormentos said:

Nintendo own fault this is what happen when you refuse to compete on the market and fall back on pass success,and many think Nintendo would have learned their lesson after losing 2 generations in a row a wining back again.

The Wii for starters is to expensive,$250 should have been the initial price,sure they would loss a few dollars but with greater sales come greater games sales,and since Nintendo doesn't spend 60 million making any mario game,they should have make a profits in games.

Losing 2 generations in a row?

Wii outsold both consoles by a good margin

N64 and GameCube = 2 generations. And do you know the reason why Nintendo dropped the motion sensing gimmicks? Because their software sales were abysmal. And before someone comes out with some VGchartz or something, those sales were greatly inflated by Wii-Sports which is a bundled game. Most people bought a Wii, played Wii-sports and that's it. That's why all the 3rd party's jumped ship.

Yeah,that's why Mario Kart and NSMBW are the best selling games of last gen

More bundled games.

Pretty sure they'd count for a small amount

Only with Mario Kart and it still would have sold right around 28 million. All 3 got their majority sales from bundles.

According to who?

#41 Edited by Speak_Low (1258 posts) -

@Demonjoe93 said:

@Jakandsigz said:

@Demonjoe93 said:

Oh boy, here come the "go third party" posts. You all do realize that Nintendo still has a shit load of money, right?

Not that I am saying they will go third-party but the stupid BS of thinking they have an infinite amount of money does not matter at all. Did not stop 5 other companies from dropping out. They could also lose it very fast or most of it.

Now with that said, no i do not think they are going third party.

I'm not saying they have infinite amounts of money either, but they have more than enough to sustain a Wii-U flop.

Then why is Iwata looking into the mobile business and thinking of bringing games to these platforms? That means they aren't making enough money now and are unhappy with their condition.

If they had enough money to ride it out, he wouldn't even need to look into mobile at all.

When you say "business restructuring" is needed after the Christmas season, that means your company sucks at what they're currently doing (selling consoles).

Nintendo is one step closer to becoming third-party and Sheep am scared!

#42 Posted by Jakandsigz (6341 posts) -

@MonsieurX said:

@Jakandsigz said:

@MonsieurX said:

@no-scope-AK47 said:

Nintendo should just become a 3rd party they suck at making consoles.

lol 3DS

@Jakandsigz said:
@MonsieurX said:

@Gue1 said:

@MonsieurX said:

@tormentos said:

Nintendo own fault this is what happen when you refuse to compete on the market and fall back on pass success,and many think Nintendo would have learned their lesson after losing 2 generations in a row a wining back again.

The Wii for starters is to expensive,$250 should have been the initial price,sure they would loss a few dollars but with greater sales come greater games sales,and since Nintendo doesn't spend 60 million making any mario game,they should have make a profits in games.

Losing 2 generations in a row?

Wii outsold both consoles by a good margin

N64 and GameCube = 2 generations. And do you know the reason why Nintendo dropped the motion sensing gimmicks? Because their software sales were abysmal. And before someone comes out with some VGchartz or something, those sales were greatly inflated by Wii-Sports which is a bundled game. Most people bought a Wii, played Wii-sports and that's it. That's why all the 3rd party's jumped ship.

Yeah,that's why Mario Kart and NSMBW are the best selling games of last gen

More bundled games.

Pretty sure they'd count for a small amount

Only with Mario Kart and it still would have sold right around 28 million. All 3 got their majority sales from bundles.

According to who?

According to Nintendo and numerous sales supports, some in threads YOU WERE IN, and I know you are not just playing games to try to get out of all those missed bullets you fired so no point in continuing this conversation.

#43 Edited by Jakandsigz (6341 posts) -

@Demonjoe93 said:

@Jakandsigz said:

@Demonjoe93 said:

Oh boy, here come the "go third party" posts. You all do realize that Nintendo still has a shit load of money, right?

Not that I am saying they will go third-party but the stupid BS of thinking they have an infinite amount of money does not matter at all. Did not stop 5 other companies from dropping out. They could also lose it very fast or most of it.

Now with that said, no i do not think they are going third party.

I'm not saying they have infinite amounts of money either, but they have more than enough to sustain a Wii-U flop.

No they don't. If they were to pull back they would lose billions. The 3DS outside of japan is also not making all the money back, where are they getting the money to cover all this from? They even said above they have not been able to recover the Wii U, this is not the GBA and Gamecube where the GBA helped sustain the Gamecube (barely) nothing is doing that here.

There options are to continue to lose and hope for a miracle, maybe stop shipments until unsolds are sold, or to pull out, and that will result in some buyback, they both cause losses. If they release another system after that, or push the marketing and game budgets without cutting the Wii U, they would both be risks that could cause some heavy damage.

Now there is a chance that the 3DS will still be on board, although that is doing a bit less on expectations but a price cut and maybe not confusing people with more DS's would help.

#44 Posted by Demonjoe93 (9759 posts) -

@speak_low said:

@Demonjoe93 said:

@Jakandsigz said:

@Demonjoe93 said:

Oh boy, here come the "go third party" posts. You all do realize that Nintendo still has a shit load of money, right?

Not that I am saying they will go third-party but the stupid BS of thinking they have an infinite amount of money does not matter at all. Did not stop 5 other companies from dropping out. They could also lose it very fast or most of it.

Now with that said, no i do not think they are going third party.

I'm not saying they have infinite amounts of money either, but they have more than enough to sustain a Wii-U flop.

Then why is Iwata looking into the mobile business and thinking of bringing games to these platforms? That means they aren't making enough money now and are unhappy with their condition.

If they had enough money to ride it out, he wouldn't even need to look into mobile at all.

When you say "business restructuring" is needed after the Christmas season, that means your company sucks at what they're currently doing (selling consoles).

Nintendo is one step closer to becoming third-party and Sheep am scared!

Nintendo still has the money to sustain a Wii-U flop though. Considering branching out into a new market has nothing to do with business success or failure because we don't know if Nintendo was never considering mobile gaming before regardless of how the Wii-U does. If the Wii-U succeeds and they go into mobile gaming, then they're still expanding into another market, and if it fails, they at least still have that market to potentially make more money in. The point is that even if the Wii-U never recovers from this terrible start, Nintendo is still not going third party because of all the money they have made over the years and 3DS still selling well.

#45 Edited by Speak_Low (1258 posts) -

@WitIsWisdom said:

bla bla bla... Nintendo will likely hit a LOT closer to 9 million WiiU's sold in a years time than 2.8 mil. They are simply giving worse case scenario figures... sales are increasing now that:

1. Games people have been waiting for are being released, so now they are getting a Wii U

2. People that were waiting to purchase a PS4 or X1 will now be looking to get a Wii U

3. Guaranteed price drop at some point that will push Nintendo sales TROUGH THE ROOF, and give all the "waiters" a good back log of great games.

People always cry out "Nintendo is doomed!" and then Nintendo shoves their foot in those people's mouths. Just give it some time. I will not be wrong, Nintendo is just fine.

Sure, they wont reach the level of success that the Wii obtained, but basing sale figures off a console that caught lightning in a bottle at just the right time is foolish.

LOL the 9 million is for the fiscal year (March 2013 through March 2014). That means they have to sell 12 million worldwide total by March 2014 (it's 9 million plus what they had before), and they are only at 4+ million now.

So about 8 million Wii Us sold in the next 3 months? Even PS4, Wii and Xbox One combined can't hit that.

You are out of it just like Nintendo

The other stuff is more damage control. Of course you're going to be wrong. Sheep wearing their Nintendo-branded rose-colored glasses never even would've predicted what Iwata just said today: they are restructuring their business and looking into making games for mobile platforms. You never saw that coming two years ago when the day would come when Mario, Zelda, MK and SSB might be on Apple iPads and Android tablets because Nintendo is losing too much money now.

#46 Edited by Demonjoe93 (9759 posts) -

@Jakandsigz said:

@Demonjoe93 said:

@Jakandsigz said:

@Demonjoe93 said:

Oh boy, here come the "go third party" posts. You all do realize that Nintendo still has a shit load of money, right?

Not that I am saying they will go third-party but the stupid BS of thinking they have an infinite amount of money does not matter at all. Did not stop 5 other companies from dropping out. They could also lose it very fast or most of it.

Now with that said, no i do not think they are going third party.

I'm not saying they have infinite amounts of money either, but they have more than enough to sustain a Wii-U flop.

No they don't. If they were to pull back they would lose billions. The 3DS outside of japan is also not making all the money back, where are they getting the money to cover all this from? They even said above they have not been able to recover the Wii U, this is not the GBA and Gamecube where the GBA helped sustain the Gamecube (barely) nothing is doing that here.

There options are to continue to lose and hope for a miracle, maybe stop shipments until unsolds are sold, or to pull out, and that will result in some buyback, they both cause losses. If they release another system after that, or push the marketing and game budgets without cutting the Wii U, they would both be risks that could cause some heavy damage.

Now there is a chance that the 3DS will still be on board, although that is doing a bit less on expectations but a price cut and maybe not confusing people with more DS's would help.

Eh, I don't think they will discontinue the Wii-U if it fails (I think that would be a horrible idea too). I think they'll just ride it out and just prepare for next gen.

#47 Posted by Articuno76 (19082 posts) -

You know I'm happy to let Nintendo pass on with their odd controllers and quirky games because they are normally able to justify them by putting out something brilliantly unique.

But the Wii U isn't really doing that. A big Mario game has come and gone and from what I've heard the controller doesn't really do all that much in that game. If Nintendo can't make a case for its peculiar hardware then it is really hard to make a case for Nintendo hardware at all as 'peculiar' is about all the hardware has going for it.

#48 Posted by dobzilian (2817 posts) -

Time to start saving for a PC. Nintendo was my last hope of a decent gaming experience on a Console and its not looking bright.

PS : I maybe wrong but wasnt it reported to of sold 4 million by christmas previously? Im guessing those numbers where assumptions.

#49 Posted by AtariKidX (6356 posts) -

This is sad for the WiiU.

#50 Posted by Giancar (19069 posts) -

I think that most people here must grow up and release that stupid SW mentality behind.

Id rather see Nintendo making some kind of partnership (again, I know) to release games on the PS4, than going mobile.

Lets be real over here, PS consoles have always been great, while Nintendo ones are either a hit or a miss. Both companies would really benefit from it. Yeah Nintendo will give away a 30% of their software share (maybe there can be a special deal) but it could get compensated reaching a wider audience. Remember, the profits are in the software and services, not hardware.

And what about me? As a gamer? Well I do love Nintendo games and I do love Sony systems (and games too). I would be in heaven seriously. And no this is not a post mocking X faction for a stupid imaginary war fought in a freaking website. Those are my feelings after dealing for 6 years with the Wii and now the WiiU.