150°

Wii U Profits Boost Nintendo Stock

Infendo:''Some have wondered if the Wii U, after its short lifespan, can really hang with Sony and Microsoft.  The wonder turned to worry when stock levels were readily available around the holidays, unlike the original Wii console.  Some seemed to have lost faith in Nintendo before even playing the Wii U.''

exfatal4135d ago

unfortantly it won't even though its great news for Nintendo fans. People just rather hear how much the wii U is failing..

Perjoss4135d ago

Tons of people would like to see Nintendo fail for some reason. Unfortunately for them the WiiU will be super successful and will only get better as more 1st party games are released on it. Zelda, Metroid, MarioKart, StarFox (ok, we can dream).

PopRocks3594135d ago (Edited 4135d ago )

Of course it won't. Many of the users here only ever gravitate toward negative Wii U articles.

"NPD reports good numbers for Nintendo." Nothing.

"Nintendo's numbers not as good as we think." Most popular article of the day.

And this article in particular will fall right in line with that.

EddieNX 4135d ago

There's no news like bad news.

Bad news seems to generate a LOT of hits.

The fact of the matter is , the wiiu is awesome , innovative hardware with a pretty nice launch line up and litteraly near enough INFINITE potential.

But even though it's been out less than 1.5Months globably , people still like to write their doom articles to generate hits.

I sound like a broken record , but you have to give a minimum of a year before you can get a faint idea of how it is doing.

After a year of PS vita , we can safely say it's not selling fast at all. But it's certainly doomed , it could break through the 30M mark in the next 6 years and be a cult console like N64/Gamecube which are two of the best consoles ever imo.

EddieNX 4135d ago

* But it's certainly not doomed *

animegamingnerd4135d ago

i wonder why so many people rather see nintendo fail then succeed

BattleAxe4135d ago (Edited 4135d ago )

I think that most people on this site are realists, who understand why the WiiU will not be relevant for more that 2 years. Its got nothing to do with being a "fanboy" or wanting to see Nintendo fail, its got everything to do with the timing of the WiiU release and the fact that the tech that Sony and Microsoft are going to show will blow the doors off of the WiiU.

My personal belief is that in the best case scenario, the WiiU will sell somewhere in in the area between the Gamecube (22 Million) and the Nintendo 64 (33 million). The worst case scenario is that the WiiU will be Nintendo's last home console, and will end up in the same position as Sega, but I think that Nintendo will still continue to be very strong in the handheld gaming market.

My memories go way back to the NES, which I still own to this very day. I still try to find games that are in good condition. I've even got a spare 72 Pin connector just in case I ever need to replace the original one. Its amazing that the only home console that Nintendo has made that has surpassed the sales of their original NES from 1983 (62 million) is the Wii. The only problem is that casual gamers or non-gamers that bought the Wii, will more than likely not buy the WiiU.

http://en.wikipedia.org/wik...

PopRocks3594135d ago (Edited 4135d ago )

@BattleAxe

I don't see why you felt the need to reply to my comment with this. I was talking about N4G user perception of Wii U articles, not of Wii U sales.

But I'll play along anyway. I don't see how the Wii U can sell numbers nearly that low now that gaming in general has broadened its audience. At worst it has to sell numbers akin to the PS3.

It's a Nintendo platform; it will appeal to Nintendo fans, children and families. That and supposedly it will be less expensive than the Nextbox and PS4.

"I think that most people on this site are realists, who understand why the WiiU will not be relevant for more that 2 years."

Go back about six years, replace the Wii U with Wii and we'll be painting a very familiar picture.

rainslacker4135d ago

So wait...I'm confused...are sales important? Do you want to play the whole sales game with the "competition". Haven't you been paying attention to the whole thing between Sony and MS over the past 6 years, or especially the last couple of days.

Let it go. Wii U is a good system. Talk up it's merits and forget the haters. I like my Wii U. It's been a lot of fun. I like my PS3, it's been a lot of fun. I don't care if they sell one single system more so long as the games are great.

Outside_ofthe_Box4135d ago (Edited 4135d ago )

This is definitely good news for Nintendo, but I'm not sure what you want people on N4G do. Come on here and congratulate them? I mean whenever people do that on other articles you here complaints about people being happy about a billion dollar company and high-fiving each other. There is also complaints about acting like shareholders which is true. Articles about stock shouldn't garner much attention in the first place as we are gamers not shareholders. At least the trolling is at a minimum here.

BitbyDeath4135d ago

Well said Rainslacker.

No point on dwelling on the negatives.
Sales should not be important only the games so talk them up.

Just because something sells/doesn't sell doesn't mean anything about the product.

Take Avatar for example, i thought it was plain horrible and that sold a boat load.

+ Show (5) more repliesLast reply 4135d ago
Anon19744135d ago

Far be it for me to rain on this articles parade, but this whole article is bogus.

Nintendo never said they made $300 million in profit on the Wii-U. They said they generated $300 million in revenue compared to $270 million the Wii generated in the same period. That's no surprise, the Wii-U retails for $300 and $350 compared to the $250 launch price of the Wii.

As for the stock price being boosted, does this guy even know what's happening to the Japanese markets? The Tokyo index is up almost 25% since the start of November based on reports the Japanese Government is stepping in to help their banks. All stocks across the entire index have taken an incredible bump!

When you consider the entire market is up 25%, why is Nintendo stock only up 5-6%?

We've got a couple of weeks before Nintendo reveals their quarter figures which include the Wii-U. Perhaps we should wait until the information is actually available before we start making unsubstantiated claims regarding Nintendo's financials.

ElectricKaibutsu4135d ago

I was going to comment about the revenue vs. profit thing. I didn't know about the Japanese stock market. Good info!

Ju4135d ago (Edited 4135d ago )

LOL. I was wondering who would say that first. Not that I know the details. But there haven't been enough WiiU sold to warrant a $300M profit unless Nintendo has a margin of about 25% on that price (or something, or $100). $300M in profit accounted to the WiiU is mathematical not possible in that short amount of time.

MasterCornholio4135d ago (Edited 4135d ago )

Wow as a business major you have enlightened me with your comments. Unlike the rabid Nintendo fanboys who posted above. Im pretty sure you will get plenty of hate from them.

I would like to add that Nintendo isn´t making any profit off the consoles ( http://www.gamespot.com/new... ). They stated a while back that they are selling them at a loss which is the reason why just looking at revenue based on the number of consoles sold is unrealistic.

kneon4135d ago

Why should it get much attention, it's wrong. Nintendo booked $300 million in SALES, not profit. We don't yet know how much, if any profit they've made on the Wii U.

Just wait for the quarterly report before celebrating or ridiculing their profits.

metsgaming4135d ago (Edited 4135d ago )

that 300 million is sales revenue not profit, VERY different things.

+ Show (2) more repliesLast reply 4135d ago
kevnb4135d ago

the nintendo brand is strong, and as long as they dont get suckered into the game that sony and microsoft are playing they should be fine.

DivineAssault 4135d ago

Lets hope some devs make some unique games for it & not just ports.. Games built to utilize its full potential graphically & playability wise.. E-M rated content for core & casual audiences.. I must admit that i lost faith in them because ive always had to wait years for a masterpiece to be created with each system & im getting tired of the same IPs getting recycled.. Make something new & refreshing to play for all genres

Thatguy-3104135d ago

Honestly people here act like Nintendo dominated past generation. It got lucky last gen for catering to the casuals and releasing the console at such a low price. This time isn't the case so yea the battle will just be against Sony and Microsoft next gen.

Zodiac4135d ago

Lucky or not, they dominated. The Wii was a huge hit, the DS has sold over 150 million units, the 3DS has over 25 million sold, and the Wii U has sold almost 3 million is just over 2 months.

How many more consoles do they need to release before people just recognize that Nintendo knows how to sell their product?

Thatguy-3104135d ago (Edited 4135d ago )

As a handheld company I honestly agree that no one can outrun Nintendo. They are THE handheld company however when it comes to consoles they just don't match up. Wii u won't come close to the wii success and till this day will stay as Nintendo most successful console. A lot of ppl think that the wii u will follow the wii success but it simply won't. Like I said Nintendo got lucky last gen seeing how it was the only gen in a while that they outsold their rivals in the console area.

rainslacker4135d ago

From a sales standpoint Nintendo has been on a roll. The Wii itself wasn't a bad system, and it did have a lot of great games on it, but the general perception of it among the community wasn't really what one should consider dominate.

It's really a shame that many great games got overlooked because of Nintendo's decisions on the Wii (Motion control, no HD). Despite their success at retail, they've lost respect among those that call themselves gamers, although I personally always looked more at the games.

ahronith4135d ago

@rainslacker
I agree...whats great for me having a Wii U though and having never owned a Wii, is i can now go back and sift through the shovelware and play the gems such as Skyward Sword, Xenoblade Chronicles, Last Story, DKC Returns etc.

specialguest4135d ago (Edited 4135d ago )

When you're dealing with millions of $ and the entire company on the line, there's no such thing as lucky. When Nintendo created the Wii with a whole different way of gaming, there was a lot of research and development involved. Keep in mind that marketing was part of Nintendo's strategy in making it appeal to a wide range of gamers, traditional and non-traditional. That didn't happen by accident lol.

In terms of sales and profitability, it is a FACT that Nintendo Wii dominated its competition.

animegamingnerd4135d ago

"ignores the fact that the DS is the best selling consol"
"also ignores the fact that 3DS has raping the vita in sells"

TongkatAli4135d ago

Meh, I still played my PSP more then my DS and my Vita doesn't even make me feel the need to get a 3DS. PRICE plays a big part.

Godchild10204135d ago

Am I the only that thinks the Wii sold so well out the gate because it was still in line with the PlayStation 2/GameCube? The transition to it wasn't as big as it was with the PS2 to PS3 and Xbox to Xbox 360. And with the unique controls it made it easier for anyone to get into it and play a game.

The transition was easier and it was an easier choice to pick up a Wii at the time then it is to pick up a Wii U because it's not that far from the PS3 and 360, but far from what the Wii was capable of The price also plays a part.

I guess it might not be as concrete, seeing as how the 360 did compared to the Xbox.

PopRocks3594135d ago

Not really. It was a cheaper platform and the Wii remote had everyone wowed at the time. I don't think it's anymore complex than that.

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70°

Former Dragon Age lead writer David Gaider pours scorn on EA's AI dreams.

"They want you to believe the devs under them are super stoked to work generative AI into their processes," continued Gaider, "but I assure you what they took as excitement was really a veiled wail of despair not unlike the time that team was informed of their new 'really cool' live service mandate.".

LordoftheCritics13h ago

Publishers see gaming as another stock market.

isarai12h ago

I think anyone with some common sense knew this, im glad i don't support their games anymore, what a sh!t company.

110°

Phil Spencer and the Battle for Xbox’s Soul

Has the rapid growth of Xbox made the ship too heavy? Following the closures of Tango Gameworks, Arkane Austin, and Roundhouse, we explore what the future of Xbox could look like.

LG_Fox_Brazil18h ago

This ship was never meant to sail, this ship was made from the get go to sink as fast as possible. It almost feels that they want to lower the standards of quality in the industry so that they can fit in

Hedstrom2h ago

Phil wants Xbox to be as soulless as him!

Tacoboto2h ago(Edited 2h ago)

Xbox has no soul and Phil has no confidence, and it's impossible to say either do when they killed Tango and Arkane Austin.

Everything they've said since has only made them look worse to a point that they're actually less competent than Embracer.

Markdn2h ago(Edited 2h ago)

Whe you release something like the series S and expect it not to hurt your business model, and developers have to have parity with games. Then you know Microsoft don't care. Series s is the final nail that broke developers,

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360°

Sarah Bond dodges questions on Xbox studio closures

While on stage with Dina Bass at The Bloomberg Technology Summit the President of Xbox, Sarah Bond, was asked about the Xbox studio closures of Arkane Austin, Tango Gameworks, Alpha Dog, and Roundhouse Studios

1d 11h ago
ApocalypseShadow1d 8h ago

Of course she did. She's part of the problem and will just tow the company line.

VenomUK1d 6h ago (Edited 1d 6h ago )

Bloomberg’s Dina Bass could barely read her scripted question without looking at her notes, whilst Sarah Bond who WAS expecting the question spoke without saying anything of substance or answering the question in any meaningful way. Clearly she’s had the same expert PR training as Phil, but this avoidance was disrespectful. In time the short-sighted decision to shut down Tango Gameworks will be seen as of the most notorious examples why Phil Spencer messed up his tenure in charge of Xbox. That’s a fully built out talented team that could’ve been put to work on any project.

Additionally, Phil Spencer should not be using Sarah Bond as a patsy for his mistakes- he should be answering that question.

gleepot1d 3h ago

I think you are all really overselling Tangos value. Hi-Fi rush was a lot of fun. Ghostwire was incredibly dull. Evil within 1 and 2 were just okay.

lucasnooker1d 3h ago

Evil within 2 was incredibly under rated. I thought that game was surprisingly good

NotoriousWhiz1d ago

Someone else said it best. I don't think it was a Phil decision. It was most likely a Satya decision. I think Microsoft is done giving out free money to Xbox.

Cacabunga21h ago

people please boycott Activision Bethesda next release and support Hellblade.
these people mus understand that they cannot treat their fans and employees that way.
scumbags.

+ Show (1) more replyLast reply 21h ago
XiNatsuDragnel1d 6h ago

Yikes you don't help Sarah 😬 making a problem worse

Christopher1d 5h ago

She's playing her role. There's absolutely nothing any of them can say other than the truth, this is about profit margins and not quality, so they just don't answer anything and wait for gamers to forget.

shinoff218319h ago

I think news is coming of more ps5 release but they gotta be careful cause Xbox is still sitting on store shelves. They can't get left holding all that stock

Lightning7717h ago

Come next month they'll flash nice looking games in our faces and expecting us to forget.

The only thing that'll be going through my mind at their showcase is how many of those studios will get shut down after release.

I'm not joking around either. MS probably expects every game to be like COD and do COD numbers. What a way to destroy gaming for the entire industry because they're dumb af at being realistic in what success means for each game.

-Foxtrot17h ago

Always feels she was brought in / promoted for this. Happened just before things started to be out in motion.

Phil and co have someone to throw under the bus and share the blame with

zaanan20h ago

Meet the new boss, same as the old boss

darthv7211h ago

....won't get fooled again

Hofstaderman1d 6h ago

Like a deer caught in the headlights.....

notachance1d 6h ago

I always wondered why xbox had multiple leaders with similar titles like Phil Spencer, Matt Booty, and Sarah Bond, like, how many heads do you actually need?

Seems to me it would be more cost efficient to cut 2 of them instead of all those studios.

DarXyde1d 5h ago

Frankly, I suspect she is the most competent of them. I don't mean that I like her more, I mean that she's the best at articulating herself and giving the talking points MS wants to give. The others are starting to sound more like her than her sounding like any of them.

Are any of these people "responsible" for what's happening? No. This reeks of Nadella. But that being said, I don't see any of the Xbox heads stepping down in protest.

"Don't shoot the messenger", sure, but at the same time, the messengers don't seem to take umbrage with the message. Not enough to remove themselves from it, anyway.

CS716h ago

I disagree. Nadella is looking for profit as a CEO should in my opinion.

The problem is Dr. Phil & Co. had 10 years to bring Xbox back on track and have been failing woefully.

Phil needs to sell to Nadella that if we are to make a profit, we need to make great games. And to do that we need employees here for the long haul and the freedom to work on creative projects.

But as Phil said himself he doesn’t believe great games sell consoles.

RpgSama22h ago

Dude, 100%, forgot Major Nelson and Aaron Greenberg, like what is the point for all these suits? They have more C-level executives than games released in a generation.

This is just so they can all pass along the hot potato one at a time and in between all of them can say a lot without actually saying anything, misinformation at its finest.

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