Yahoo: Nintendo swimming in red ink

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nintendoboy16

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#1 nintendoboy16
Member since 2007 • 42247 Posts

Source here

Thoughts on this?

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freedomfreak

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#2 freedomfreak
Member since 2004 • 52566 Posts

That's a shame.

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Frostbite24

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#3 Frostbite24
Member since 2003 • 4536 Posts

Is MS the only console company that is turning a profit or are they also seeing this?

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Stevo_the_gamer

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#4 Stevo_the_gamer  Moderator
Member since 2004 • 50214 Posts
Not good.
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Zaibach

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#5 Zaibach
Member since 2007 • 13466 Posts

How is this possible?

They are shifting record tonne of hardware

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musicalmac

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#6 musicalmac  Moderator
Member since 2006 • 25101 Posts
With the Wii and DS sales, how is it possible? What am I missing?
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NJGIANTSNY

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#7 NJGIANTSNY
Member since 2011 • 291 Posts

damn apple is killing it

exceeded the number of people born on the planet each day

thats the selling rate of the iphone

13 billon profit

thats some stats right there

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ChubbyGuy40

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#8 ChubbyGuy40
Member since 2007 • 26442 Posts

Didn't we learn that yesterday?

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Stevo_the_gamer

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#9 Stevo_the_gamer  Moderator
Member since 2004 • 50214 Posts

Is MS the only console company that is turning a profit or are they also seeing this?

Frostbite24
The entertainment division posted over a half billion profit.
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BibiMaghoo

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#10 BibiMaghoo
Member since 2009 • 4018 Posts
''There was one item of note in the earnings that could encourage gamers. The company confirmed expectations that the next generation Wii-U will be shipping before Christmas of this year in all territories.'' THAT, is good news though. I was wondering if it would see a launch this year, and in all teritories. Smart move.
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joojtzu

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#11 joojtzu
Member since 2011 • 1118 Posts

623 million dollars in Red?! Sure thats suppose to be Yen and not dollars?

Thats like just over half a billion.

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DarkLink77

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#12 DarkLink77
Member since 2004 • 32731 Posts

Yeah, well, the Wii ain't selling anymore, and they had to cut the price on the 3DS, and the DS ain't selling anymore.

The Wii-U will probably turn it around, though.

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nameless12345

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#13 nameless12345
Member since 2010 • 15125 Posts

How is this possible?

They are shifting record tonne of hardware

Zaibach

Well economy functions in strange ways. The hardware could print money but they would still be in red. I think it has to do with the success of Apple.

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Giancar

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#14 Giancar
Member since 2006 • 19160 Posts
Teh Doomed companyzzz! :o
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Zaibach

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#15 Zaibach
Member since 2007 • 13466 Posts

[QUOTE="Zaibach"]

How is this possible?

They are shifting record tonne of hardware

nameless12345

Well economy functions in strange ways. The hardware could print money but they would still be in red. I think it has to do with the success of Apple.

I'm guessing its the same thing thats hurting Sony and other japanese companies

Dat strong Yen

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Demonjoe93

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#16 Demonjoe93
Member since 2009 • 9869 Posts

Well the Wii is basically dead since the Wii-U will be coming out within a year and the 3DS is just getting started. Things will probably start looking up for them again once the Wii-U comes out.

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babycakin

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#17 babycakin
Member since 2012 • 1597 Posts

well the streak of profits had to end at some point. I don't doubt Nintendo will get right back on green soon. Damn, good to see the company I work for making millions of dollars on iphones, ipads macbooks etc.

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MrJack3690

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#18 MrJack3690
Member since 2004 • 2227 Posts

Is it from the money being put into the Wii U? Maybe once that's released it'll turn around?

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BibiMaghoo

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#19 BibiMaghoo
Member since 2009 • 4018 Posts

well the streak of profits had to end at some point. I don't doubt Nintendo will get right back on green soon. Damn, good to see the company I work for making millions of dollars on iphones, ipads macbooks etc.

babycakin
You work for apple? Can you please tell your boss to stop letting workers kill themselves over poor working conditions? That would be cool, see what you can do :D
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PatchMaster

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#20 PatchMaster
Member since 2003 • 6013 Posts

How? I didn't think they were selling the 3DS at that much of a loss. I mean, everything else they're doing should be profit :(

I'm a little concerned about how this could affect Wii U. If they can't set the price high, can't take a loss on each sale and have to include the tablet controller there's no way the hardware specs are gonna be good.

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fernandmondego_

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#21 fernandmondego_
Member since 2005 • 3170 Posts

Yeah, well, the Wii ain't selling anymore, and they had to cut the price on the 3DS, and the DS ain't selling anymore.

The Wii-U will probably turn it around, though.

DarkLink77
Or make it worse. The 3DS is selling well, once they get the cost down they should be fine (as long as they are not in the same boat with the Wii U.
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DarkLink77

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#22 DarkLink77
Member since 2004 • 32731 Posts
[QUOTE="DarkLink77"]

Yeah, well, the Wii ain't selling anymore, and they had to cut the price on the 3DS, and the DS ain't selling anymore.

The Wii-U will probably turn it around, though.

fernandmondego_
Or make it worse. The 3DS is selling well, once they get the cost down they should be fine (as long as they are not in the same boat with the Wii U.

Yeah. In all honesty, I'm surprised at how poorly they're doing considering how well the 3DS is selling. I was under the impression that they were still selling at a slight profit, but I guess not.
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1PMrFister

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#23 1PMrFister
Member since 2010 • 3134 Posts
If Nintendo is swimming in red ink, what does that make Sony? System-transition periods are always the toughest for Nintendo. Give them a year or so when their new stuff starts picking up steam, they'll be back on track.
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babycakin

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#24 babycakin
Member since 2012 • 1597 Posts

If Nintendo is swimming in red ink, what does that make Sony? System-transition periods are always the toughest for Nintendo. Give them a year or so when their new stuff starts picking up steam, they'll be back on track.1PMrFister

I agree, they learned a hard lesson with the overpricing of the 3DS and the lackluster game lineup at launch. I doubt they will ever get into this mess again lol

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WiiCubeM1

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#25 WiiCubeM1
Member since 2009 • 4735 Posts

I'm expecting a HUGE influx of Nintendo hate threads soon. Well, it was bound to happen sooner or later.

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tjricardo089

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#26 tjricardo089
Member since 2010 • 7429 Posts

But nintendo is leading sales, how is this possible? Damn.

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WiiCubeM1

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#27 WiiCubeM1
Member since 2009 • 4735 Posts

But nintendo is leading sales, how is this possible? Damn.

tjricardo089

Because Microsoft and Sony had bigger losses than Nintendo, but do you think any fanboy is going to acknowledge that? Even if they do, they'll try to say something to make it seem like they were still winning.

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DarkLink77

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#28 DarkLink77
Member since 2004 • 32731 Posts

[QUOTE="tjricardo089"]

But nintendo is leading sales, how is this possible? Damn.

WiiCubeM1

Because Microsoft and Sony had bigger losses than Nintendo, but do you think any fanboy is going to acknowledge that? Even if they do, they'll try to say something to make it seem like they were still winning.

Microsoft turned like a half-billion in profit on its games division this year. :?
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SaltyMeatballs

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#29 SaltyMeatballs
Member since 2009 • 25165 Posts
It's cool, they had $11 billion in reserves.
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KevinButlerVP

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#30 KevinButlerVP
Member since 2010 • 2378 Posts
not good for Nintendo, but I guess that's what happens when you sell a ton of something that your not making a profit on
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SaltyMeatballs

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#31 SaltyMeatballs
Member since 2009 • 25165 Posts
[QUOTE="WiiCubeM1"]

[QUOTE="tjricardo089"]

But nintendo is leading sales, how is this possible? Damn.

DarkLink77

Because Microsoft and Sony had bigger losses than Nintendo, but do you think any fanboy is going to acknowledge that? Even if they do, they'll try to say something to make it seem like they were still winning.

Microsoft turned like a half-billion in profit on its games division this year. :?

Maybe he meant throughout the generation?
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WiiCubeM1

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#32 WiiCubeM1
Member since 2009 • 4735 Posts

[QUOTE="DarkLink77"][QUOTE="WiiCubeM1"]

Because Microsoft and Sony had bigger losses than Nintendo, but do you think any fanboy is going to acknowledge that? Even if they do, they'll try to say something to make it seem like they were still winning.

SaltyMeatballs

Microsoft turned like a half-billion in profit on its games division this year. :?

Maybe he meant throughout the generation?

I did. I'll admit Nintendo had a terrible quarter. (and now I'm kinda doing the latter part of my initial statement.)

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JohnF111

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#33 JohnF111
Member since 2010 • 14190 Posts
Wii U, 3DS games and all the other bells and whistles that come from a billion dollar corporation aren't free, i don't why they would still be losing though i mean 3DS is selling like crazy and the software is top of the charts every week, is it just Wii U R&D/promotion that is causing the losses? I know research and development is costly as hell.
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DarkLink77

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#34 DarkLink77
Member since 2004 • 32731 Posts

[QUOTE="SaltyMeatballs"][QUOTE="DarkLink77"] Microsoft turned like a half-billion in profit on its games division this year. :?WiiCubeM1

Maybe he meant throughout the generation?

I did. I'll admit Nintendo had a terrible quarter. (and now I'm kinda doing the latter part of my initial statement.)

Ah, fair enough. :P But Nintendo and Microsoft have been doing pretty well this gen overall. The only console maker that's taken a serious beating has been Sony.
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WiiCubeM1

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#35 WiiCubeM1
Member since 2009 • 4735 Posts

[QUOTE="WiiCubeM1"]

[QUOTE="SaltyMeatballs"] Maybe he meant throughout the generation?DarkLink77

I did. I'll admit Nintendo had a terrible quarter. (and now I'm kinda doing the latter part of my initial statement.)

Ah, fair enough. :P But Nintendo and Microsoft have been doing pretty well this gen overall. The only console maker that's taken a serious beating has been Sony.

Yeah, and I feel bad for Sony, I rather liked the PS3.

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enzyme36

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#36 enzyme36
Member since 2007 • 5582 Posts

whoa slow down people... they just built a huge state of the art facility in southern CA i believe,last year.... also this was a year with a ton of R&D with the new 3DS and the Wii-U... they still made 680 million, so lets not play the violin for them yet

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Slow_Show

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#37 Slow_Show
Member since 2011 • 2018 Posts

It sounds worse than it is. They're in the middle of the Wii to Wii U transition, the loss in 3DS revenue now will pay off down the road (you make most of your money on software, not hardware), and they're on the wrong side of the Yen's exchange rate. The only real issue is whether or not the 3DS is going to be able to maintain sales or whether it's going to get crowded out by the upcoming wave of smartphones and tablets.

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CanYouDiglt

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#38 CanYouDiglt
Member since 2009 • 8500 Posts
The 3DS is less then a year old and launching the WiiU soon. It costs a lot to launch one system let alone 2. That may be a big part of the problem.
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Eponique

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#39 Eponique
Member since 2007 • 17918 Posts
That's a lot of moneyhats :o
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elbert_b_23

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#40 elbert_b_23
Member since 2003 • 8247 Posts
first of all since when has anyone with a mind believed anything that yahoo games has to say about anything with that said who cares the wii already is the most biggest selling system of all time and the 3ds has already broken records in sales and low sells is expected when last year nintendo just about released nothing on the wii and the 3ds
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LP4EVA2005

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#41 LP4EVA2005
Member since 2004 • 8585 Posts

damn, if only Sony were releasing there next gen system at the same time as the Wii-U... they could have taken the final blow to end nintendo.

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nini200

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#42 nini200
Member since 2005 • 11484 Posts
Time for me to buy some stock in Nintendo. Let the cash cow begin :D
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D4W1L4H

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#43 D4W1L4H
Member since 2011 • 1765 Posts
Lol at the comment section. Bunch of morons repeating each other.
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FashionFreak

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#44 FashionFreak
Member since 2004 • 2326 Posts

Nintendo is doomed

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PillyChickle

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#45 PillyChickle
Member since 2011 • 745 Posts

I'm not worried. 2011 has been the worst year for them financially in their history, but I don't see any reason why they won't be returning to profits in the coming years.

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Wasdie

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#46 Wasdie  Moderator
Member since 2003 • 53622 Posts

Where the hell are they spending all of this money? The Wii and 3DS are doing fine. I just don't get it.

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blue_hazy_basic

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#47 blue_hazy_basic  Moderator
Member since 2002 • 30854 Posts
When you read the comments from that article its clear that purchasers of the NES and SNES want different selection of games now they are "grown up" as do the adpoters of the Wii. I know that won't sink into Nintendo fanboys or much of SW.
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supa_badman

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#48 supa_badman
Member since 2008 • 16714 Posts

So does that mean we can do NINTENDO IS DOOOOOOOOOMED threads?

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blue_hazy_basic

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#49 blue_hazy_basic  Moderator
Member since 2002 • 30854 Posts

So does that mean we can do NINTENDO IS DOOOOOOOOOMED threads?

supa_badman
If they post this 6 times in a row like Sony, sure! :P
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JohnF111

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#50 JohnF111
Member since 2010 • 14190 Posts

Where the hell are they spending all of this money? The Wii and 3DS are doing fine. I just don't get it.

Wasdie
Wii U i'd say, R&D plus development, plus manufacturing, plus the fact they aren't selling any yet to get a return. That's my only reasoning on how they are still losing money.