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Board 8 > Nintendo expected to post $1.3 billion loss for first-half of the year.

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ZFS
10/25/11 10:54:00 PM
#1:


Believe this will come out tomorrow. Rough stuff.

TOKYO (Reuters) - Nintendo Co is expected to post a recurring loss of about 100 billion yen ($1.32 billion) in the first half ending on September 30, much worse than the 55 billion loss the company has forecast, the Nikkei business daily reported in its online edition on Wednesday.

http://mobile.reuters.com/article/idUSTRE79P0X420111026?irpc=932

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FFaddict1313
10/25/11 10:56:00 PM
#2:


whyd the money printers turn off

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Dauntless Hunter
10/25/11 10:58:00 PM
#3:


They chose to turn off the DS and Wii money printers, and instead turn on the 3DS and Wii U money furnaces.

I don't understand why.

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LeonhartFour
10/25/11 10:59:00 PM
#4:


Apparently making tons of money is no longer satisfying, and they're hoping finding exciting ways to lose tons of money will prove more enjoyable.

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ZFS
10/25/11 10:59:00 PM
#5:


3DS happened. Also, the yen is a lot stronger than anticipated by most Japanese businesses heading into the year.

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PartOfYourWorld
10/25/11 11:01:00 PM
#6:


This ain't gonna be good.

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Forceful_Dragon
10/25/11 11:01:00 PM
#7:


You have to burn money to print money.

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red sox 777
10/25/11 11:02:00 PM
#8:


Yikes, when's the last time Nintendo had major losses? The 80s?

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Straw_Hax
10/25/11 11:04:00 PM
#9:


You are all witnessing the end of Nintendo
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ZFS
10/25/11 11:05:00 PM
#10:


They reported losses during the GameCube era, I believe, but other than that, they've always done well. This is the first time they've lost significantly, anyway.

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ZenOfThunder
10/25/11 11:09:00 PM
#11:


the circlepad slide on thing will save them

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#12
Post #12 was unavailable or deleted.
red sox 777
10/25/11 11:13:00 PM
#13:


I'm pretty sure they never posted a loss more than $50 million for a year in the Gamecube era. Though I know the vast majority of their profit usually comes from the 2nd half of the year, so their loss for this year may not end up being so high.

In fact, I'm pretty sure they never had a losing year at all in the Gamecube era. A losing half-year, yes, but they turned a profit every single year through the Gamecube period.

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ZFS
10/25/11 11:16:00 PM
#14:


It depends on how well the 3DS sells. Right now, I believe they're still selling each unit at a loss, so they'll need Mario 3D and Mario Kart to sell big numbers to offset that. Total annual losses will probably be under a billion, but I imagine it'll still be pretty big. I'm sure it'll be in that fiscal report tomorrow, what they're anticipating for the whole year.

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GuessMyUserName
10/25/11 11:16:00 PM
#15:


From: Dauntless Hunter | Posted: 10/26/2011 1:58:30 AM | #003
They chose to turn off the DS and Wii money printers, and instead turn on the 3DS and Wii U money furnaces.

I don't understand why.


The Wii money printer ran out of ink a long while ago.

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ZFS
10/25/11 11:19:00 PM
#16:


Yeah, they were quarterly losses in the GameCube era, and I believe it only happened a couple of times (they were fortunate to have the GBA do as well as it did). I don't know that Nintendo has ever actually had a negative year in total.

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OmarsComin
10/25/11 11:20:00 PM
#17:


they've got nothing going on with the Wii, and the 3DS isn't doing that great, so this shouldn't be surprising. when is the Wii U coming out?
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ZFS
10/25/11 11:21:00 PM
#18:


Sometime in the second half of 2012.

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Sorozone
10/25/11 11:21:00 PM
#19:


From: OmarsComin | #017
when is the Wii U coming out?


Next year, holiday being the most likely, but people have speculated at a Q2 or Q3 release.
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OmarsComin
10/25/11 11:27:00 PM
#20:


ah ok. that seems like it'll be pretty big, so that should save them if they're in trouble for that long. which if the 3DS doesn't start doing better, they might be! is there anything good planned for the Wii after SS?
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GuessMyUserName
10/25/11 11:31:00 PM
#21:


From: OmarsComin | Posted: 10/26/2011 2:27:26 AM | #020
ah ok. that seems like it'll be pretty big, so that should save them if they're in trouble for that long. which if the 3DS doesn't start doing better, they might be! is there anything good planned for the Wii after SS?


Europe's getting The Last Story and Pandora's Tower


North America? Nothing.


well, Dragon Quest X, but they're making a Wii U version of that game.

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ZFS
10/25/11 11:32:00 PM
#22:


None of that I'm aware of. SS is pretty much the last big Wii game.

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OmarsComin
10/25/11 11:34:00 PM
#23:


haha so that's kind of silly. it's gonna be roughly a year before anything else console-related comes from Nintendo? they're really banking on the 3DS.
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ZFS
10/25/11 11:35:00 PM
#24:


Oh yeah, DQX. That will do big numbers in Japan.

Edit - assuming the whole MMO and subscription fee business doesn't hold it back. Probably sells far fewer copies than a typical DQ, though.

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StealThisSheen
10/26/11 12:01:00 AM
#25:


To be fair, the 3DS has been selling well since the price cut, which happened after the first-half. It'll probably have a great holiday.



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Shoenin_Kakashi
10/26/11 12:07:00 AM
#26:


did they even have anything this year <_<?

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Blairville
10/26/11 12:15:00 AM
#27:


Kirby's Return to Dreamland is the true end of the Wii. SS is just a poser.

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edwardsdv
10/26/11 1:23:00 AM
#28:


StealThisSheen posted...
To be fair, the 3DS has been selling well since the price cut, which happened after the first-half. It'll probably have a great holiday.

Theyre still selling those at a loss.

They need SOFTWARE sales to make money.

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GuessMyUserName
10/26/11 1:23:00 AM
#29:


From: Shoenin_Kakashi | Posted: 10/26/2011 3:07:19 AM | #026
did they even have anything this year <_<?


here's the entirety of Nintendo 2011

Mario Sports Mix (Square-developed, pretty crappy)
Nintendogs
Steel Diver (pretty crap)
Pilotwings (eh, a 7/10 experience)
Ocarina of Time 3D
Rhythm Heaven
Kirby Mass Attack
Star Fox 64 3D
Kirby's Return Dream Land
---- (We are here)
PokePark 2
Super Mario 3D Land
Skyward Sword
Mario Kart 7
Mario & Sonic London Olympics (Sega developed)

so, as far as new, great games goes:

2 Kirbys (1 DS 1 Wii)

that's all we've gotten so far

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Dauntless Hunter
10/26/11 2:55:00 AM
#30:


From: GuessMyUserName | #015
The Wii money printer ran out of ink a long while ago.


The Wii was doing great all through last year. Then this year they were just like "WELP. DONE WITH THAT THING." for no logical reason that I can see.

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voltch
10/26/11 4:24:00 AM
#31:


Bizness talk.

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Liquid Wind
10/26/11 4:38:00 AM
#32:


I'm with ulti on this, I've been harshly critical of nintendo for the past 5 years but I don't want nintendo to die, I hope this will serve as a wake up call to them and they can reclaim their former glory
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JaKyL25
10/26/11 5:03:00 AM
#33:


It's so weird to me how they go through these massive dry spells with NO GAMES.

It happened for a long stretch between Brawl and NSMBWii (excepting Punch-Out!! which is a great rental but nothing more), and it happened again this year too.

The amazing thing to keep in mind with these numbers is that B/W came out this year. Imagine the losses without those!

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SHINE GET 64
10/26/11 5:09:00 AM
#34:


We seem to have gotten to the point now where Nintendo can't create as many games as they used to due to development costs and begin to put out only 2-3 big games a year like pretty much every other developer out there and everything else is made by 2nd parties. Especially with how often they develop new hardware and reiterations of existing hardware, they seem to have a lot on their plate with just those.

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Biolizard28
10/26/11 5:16:00 AM
#35:


I wouldn't count on Nintendo learning anything from this. Remember, their reaction to the 3DS bombing wasn't to wait out the dry spell until the games people cared about were available, it was to panic and slash the price.

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Liquid Wind
10/26/11 6:03:00 AM
#36:


this is a good thing, it's implicitly admitting that the 3DS was a horrible mistake. if they just waited it out and expected that to go well it would show that they were arrogant and haven't learned ****. only problem is that the U is set to follow in the 3DS' footsteps and it's really not something they can evade at this point
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ZFS
10/26/11 6:20:00 AM
#37:


Yeesh, the exchange rate is brutal.

"The Nikkei said in its online edition the company had incurred 40 billion yen in foreign exchange losses, mostly against the euro, and would likely also post a first half net loss greater than the 35 billion yen it has projected."

"Nintendo, which makes 80 percent of its sales overseas, is facing a slump in the value of its cash deposits and accounts receivable in foreign currencies as the yen rises, the Nikkei said."

"The games giant behind the Super Mario franchise slashed its full-year operating profit forecast in July to a 27-year low of 35 billion yen, as it cut the price of the 3DS by about one-third to try to boost weak sales."

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ExThaNemesis
10/26/11 6:29:00 AM
#38:


Doesn't Skyward Sword come out later this year?

I think they'll be okay.

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TheKoolAidShoto
10/26/11 6:35:00 AM
#39:


Damn

Remember when we thought the 3DS was a surefire hit? That seems like ages ago

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ZenOfThunder
10/26/11 6:57:00 AM
#40:


did people really think the 3DS was a surefire hit?

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MoreSwagThanU
10/26/11 6:58:00 AM
#41:


lmao

Wii U is the last nintendo "Console" confirmed

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Some_Character
10/26/11 7:01:00 AM
#42:


So now the Nintendo titan is down on both its knees instead of just one. Let's see how long it'll last.

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EndOfDiscOne
10/26/11 7:04:00 AM
#43:


ZenOfThunder posted...
did people really think the 3DS was a surefire hit?

I thought so when it was first revelead along with a s*** ton of awesome games. Now most of those games still haven't come out

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WazzupGenius00
10/26/11 7:04:00 AM
#44:


From: ZFS | #023
Oh yeah, DQX. That will do big numbers in Japan.

Edit - assuming the whole MMO and subscription fee business doesn't hold it back. Probably sells far fewer copies than a typical DQ, though.


That won't affect anything, or barely will at the most. Monster Hunter Tri had subscription fees and that still sold colossally. Final Fantasy XI is still pretty popular over there too. And this is Dragon Quest we're talking about.

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neonreaper
10/26/11 7:06:00 AM
#45:


StealThisSheen posted...
To be fair, the 3DS has been selling well since the price cut, which happened after the first-half. It'll probably have a great holiday.

When you sell at a loss and have big sales numbers...

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ZenOfThunder
10/26/11 7:08:00 AM
#46:


is nintendo jumping the gun with the Wii U? Microsoft and sony won't have new consoles til 2013/14.

shouldn't they wait a bit, or do they really need the money/attention?

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ZFS
10/26/11 7:10:00 AM
#47:


WazzupGenius00 posted...
That won't affect anything, or barely will at the most. Monster Hunter Tri had subscription fees and that still sold colossally. Final Fantasy XI is still pretty popular over there too. And this is Dragon Quest we're talking about.

Eh, Monster Hunter Tri sold about a million, which is great, but a far cry from Monster Hunter Portable. It's not necessary to sell as much when you have a subscription fee, but that's not a situation that's particularly important to Nintendo as it is Square Enix.

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EndOfDiscOne
10/26/11 7:11:00 AM
#48:


ZenOfThunder posted...
is nintendo jumping the gun with the Wii U? Microsoft and sony won't have new consoles til 2013/14.

shouldn't they wait a bit, or do they really need the money/attention?

I don't know, Nintendo is doing ~5 years between consoles just like they always have in the past. Microsoft and Sony are sort of stuck with technology and Nintendo is just catching up to them

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ZenOfThunder
10/26/11 7:12:00 AM
#49:


hmmm, good point

I wonder how the Wii U will look next to the PS4 and the Xbox3

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Lightning Strikes
10/26/11 7:12:00 AM
#50:


In the long run they'll be fine. Right now this is pretty damn bad, though not entirely unpredictable when you realise that Nintendo have put out basically nothing at all in the first half. Still, they've got a lot of stuff coming in 2012 and should probably recover next year.

But this is what happens when you abandon your most successful console for no reason.

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