psl

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The Gaming Company Who Cried "Wolf!"

parislemon:

Sam Byford:

Nintendo made an annual operating loss for the third consecutive year in 2013, ending up ¥46.4 billion ($457 million) in the red as Wii U sales failed to pick up following the holiday season. The Kyoto company’s net loss was ¥23.2 billion ($228 million). Total Wii U sales now stand at 6.17 million consoles worldwide, meaning that Nintendo sold just 310,000 in the quarter ended March 31st — a 20 percent drop on its performance a year ago.

310,000 for the quarter. Total nightmare.

This is in stark contrast to Sony’s fortunes with the PlayStation 4, which had reached 7 million consoles worldwide as of April 6th; Sony has already overtaken the Wii U despite Nintendo’s year-long head start. The 3DS handheld family sold 590,000 units in Nintendo’s fourth quarter for a life-to-date total of 43.3 million, 2.2 million of which are of the lower-priced 2DS variant.

But, but, but the 2DS was going to be a massive hit! I didn’t know what the hell I was talking about!

Nintendo expects to return to the black in its 2014 fiscal year, forecasting an operating profit of ¥40 billion ($394 million) with 3.6m Wii U and 12m 3DS consoles sold. Shareholders may not take the claim at face value, though — CEO and president Satoru Iwata maintained until January that the company would make ¥100 billion profit in 2013, before backtracking dramatically and predicting a ¥35 billion loss on poor Wii U sales. As it turned out, Iwata underestimated the loss by more than ¥11 billion.

I’m not sure which is crazier: that Nintendo is still giving guidance that everything will soon be fixed — or that they expect everyone to believe their guidance anymore? 

I’m more worried for the company than ever before. Please Nintendo, save yourself!

Nintendo has been treading down a horrid path for several years, to be completely honest. One of the most stubborn companies, I’ve ever seen

  1. internetofme reblogged this from parislemon and added:
    Nintendo continues to show signs of death, and I really hope that they can find something to turn that around. I like...
  2. grovberg reblogged this from parislemon and added:
    I do concede that the Wii U isn’t going to turn things around. I really thought it might do well last Christmas, but it...
  3. cofeeinthblood reblogged this from laughterkey
  4. undertrader reblogged this from parislemon
  5. psl reblogged this from parislemon and added:
    Nintendo has been treading down a horrid path for several years, to be completely honest. One of the most stubborn...
  6. laughterkey reblogged this from parislemon
  7. tucker said: There’s also this: abcnews.go.com/Enterta…
  8. parislemon posted this