Nintendo CEO Seen Missing Profit Target as Wii U Flounders

Iwata will announce a second straight annual loss tomorrow, losing 18.7 billion yen in the 12 months ended March 31, according to the average of 15 estimates compiled by Bloomberg. For the year started April 1, Nintendo may post operating income of 70 billion-yen, according to the average of 19 estimates -- short of a target he said was a personal “commitment.”

Nintendo’s Wii U, its first new home-gaming console since 2006, is failing to meet sales targets amid a delay to software releases that Iwata said were crucial to winning over consumers who increasingly play games on smartphones and tablet computers. Sony Corp. (6758) and Microsoft Corp. are also preparing to release upgraded consoles this year, adding pressure on the 53-year-old executive who has been in the role since 2002.

[majiebeast]

Is Iwata gonna step down after 2 bad system launches? You will see it on the next Nintendo Z(fiscal meeting is this week i think)

[Abash]

Im very interested to see how they address the poor sales of the Wii U when they take the stage at E3.

[sengoku]

in most Japaneses company's this would mean it's time to step down.
i wonder what will happen.

[ToaLugia]

It would be hard to fuck it up this E3. If they do, man. Idk what to say then.

[decrypt]

Well many companies globally are missing targets. Its called recession. We are in a situation where people dont have the money to spend.

I wouldnt be surprised if the next consoles faced the same slow response.

US and Europe are the biggest consumers of this product. Look at their economies today. If any hope of growth is to be attained console makers needs to focus on markets like China and India.

[dangert12]

@decrypt

What gets me is the game prices...we are in a recession, cost of everything goes up, but nothing has gone up like the prices of games...and nothing has quiet gone down like the quality of them either

[Retroman]

Nintendo could have easily remedy the problem if they open SNES profile re-do or re-master those games in HD

[dcbronco]

@decrypt

I don't think the economy has anything to do with it. Next generation will sell. When the recession first hit people fell back on consoles as a cheaper alternative to other forms of entertainment. People seem to have forgotten that. One game can last far longer than two trips to the movies.

Next generation consoles will show that the problem is with the length of the current generation. Nintendo's current problem is that they made gimmick controller and re-upped on the current generation's specs. A huge mistake given the current generation has worn out it's welcome. See Ascension and Judgement as further proof.

[g2gshow]

enough said

http://youtu.be/hcO4MMzdYE8

[Kevin ButIer]

ooo my... I though Nintendo was doing great with the ds, 3ds, and Wii sales all over the world, Wii U is falling short in sales but come on... those loses? tell me about poor management

[GamersRulz]

Wii money evaporating as we speak.

[LOL_WUT]

Time for Iwata to step down his influence in Nintendo is only hurting the company. ;)

[ShinMaster]

I remember Miyamoto talking about their first party franchises and wanting to see new things being made by Nintendo devs, but Iwata didn't like that idea, saying that they're not like other companies and that they have a tradition.

[lilbroRx]

First off, that is losses for "last year", and they are actually losing less. They are still actually making money overall.

From the actual article all of the Nintendo haters are misquoting

"Nintendo may post operating income of 70 billion yen, according to the average of 19 estimates -- short of a target he said was a personal “commitment.”

Thats 18 billion in losses with 70 billion in "incomse". That is only 30 billion short of their original goal, and most of it is blamed on the Yen losing value, not sales.

Strange thing is that Sony lost more money than that in the same time frame, but no one is attacking their heads.

[Root]

@lilbroRx

"Strange thing is that Sony lost more money than that in the same time frame, but no one is attacking their heads."

First of all were talking about Nintendo not Sony

Secondly....Sony has been attacked nearly all this gen so you know...

[Shnazzyone]

@root

Really? because last i checked nintendo's been the whipping boy for about 10 years now.

[Root]

@Shnazzyone

LOL

If you say so

They made a mistake with the Wii U and people are speaking out. Unlike with Sony people didn't twist every little thing good or bad

[jcnba28]

I don't think Nintendo are worried they have billions in the bank.

Sony on the other hand...

[gatormatt80]

@griever137

Sony is indeed the larger corporation, but larger does not always mean more money. Yes Sony has more products, but that also means a larger overhead/operating cost. Nintendo has more money to play with than Sony, it's a fact. I've heard some analyst's say Nintendo could report losses every year, for the next 40 yrs, and still be in the console industry.

http://financials.morningst...

http://financials.morningst...

[cee773]

@griever137

yes nintendo and microsoft both have more money than sony to play with yet sony's the only one who takes risks of all 3 giants thats what I dont get the wii U is so weak lots of new game engines are skipping the platform.(frostbite,Unreal engine 4)just to name a couple. meaning wii U will be missing alot of future 3rd party games down the line

some devs(Mark Rein) said it have the same odds of running UE4 as Ps3 or xbox 360

[noirzillagamer]

Just to help you understand mark rein meant what he said along with his company said fall of last year... ue4 will be scaleable so it wasn't intended to make thay statement to seem like a stretch for it to happen he meant it as a fact that shouldve been known by now. Fronstbite is EA's child is it not? Do you think thay its missing the wii u because of power? That answers is NO!

[chente0025]

Iwata = Harakiri?

[Deku-Johnny]

I doubt it, yeah the 3DS and Wii U had bad launches but the 3DS is selling well now and when the Wii U has as many great games as the 3DS has it'll probably start doing well too, you shouldn't be too hasty.

You have to take into account the fact that through all their latest console's failings whilst he's been in charge they have had two of their best selling consoles, one of which is the best selling console of all time.

[Shnazzyone]

SHHHH Don't tell him that missing a profit target doesn't mean they didn't make a profit. Don't tell anyone of N4g that this doesn't mean nintendo wasn't profitable this only means Nintendo was not as profitable as they wanted to be.

[NYC_Gamer]

How much is 18.7 billion yen in dollars?

[majiebeast]

Around 187 million dollars.

[fr0sty]

188,870,000 to be exact.

[Jadedz]

:'-( (I won't blame anyone wanting him to be fired, or to step-down).

[die_fiend]

Do they mean Wii U flounders? The title makes no sense - well done Blomburg (see what I did?!)

[MonkeyNinja]

Not trying to be a Nintendo-Hater, but I honestly don't think that 1st party titles are going to do much for the system. I think the WiiU is going to be just another N64/Gamecube scenario as far as sales are concerned.

[Qrphe]

I personally don't care about multiplat 3rd party support anymore. I'll ended up buying multiplats for PS3/PS4 anyhow. Am I worried about Nintendo's wellbeing? No, they'll be financially fine. I do expect this E3 to be Nintendo's best yet.

[fr0sty]

Nintendo has survived bad generations before. They made the mistake of picking the wrong gimmick this time around. Motion control worked wonders last gen because nobody had done it before and it required specific hardware to pull off. None of the other guys could do it and not be seen as copycats, and it worked.

This time, N relied on a touch screen interface. Once Sony and MS came up with phone apps that did the same thing on devices we all already had in our pockets, Wii U's appeal went down the drain to many.

I personally would have preferred them going with VR, Oculus Rift looks really cool and I think that route will be the next big thing. JMO.

[ps3_pwns]

i agree with you in this day and age people get bored of seeing the same thing unless its social related and nintendo does a lot of the same thing and these people who bought the wii the ds and then the 3ds they see the wii u and they see the same faces of nintendo characters in every game and these games arent online mp with good online and mics and such. nintendo needs to upgrade mario kart to epic online game and bring in the new super smash and some new ips we havent seen before.

starting out with nsmb u and nintendo land for a console thats supposed to feel fresh and new is lame. new ips is a good way to start off a generation. also no one gives a crap about the wii u pad they already have an ipad that has better tech in it and works better. no one is gonna be wowed by that. also off tv play is taking away from the gaming experience. now you have people watching tv and playing the game. when they would usually play just the game and focus on that and having a fun gaming experience.

Nintendo doesnt care about the wii u because its still not giving world wide launch releases for its games in america. nintendo games take far less mmoney to make as making a game with the lack of graphics and in familiar areas with familiar characters is a lot easier then what other devs have to do. its why people keep saying devs cost gonna go up for the ps3/x360 and be hard so nintendo been having it way easier dont see why they cant step they game up.

[Baka-akaB]

Then again they stilll made lots of money during the n64/gcube era . The issue was their reputation as a third choice for everyone not in love or solely in love with their first party titles and a meager few worthwile 3rd party games .

So no i'm not worried about them , i just want and hope for better choices of games than with those two consoles

[hellztourguide420]

That would be fine with me. Nintendo actually made money on the Gamecube despite only selling 22 million copies of it. Doesn't mean it wasn't significant or anything...it had some of my favorite games of all time exclusive to that system. If the Wii U can be as successful as that, Nintendo and Iwata will be just fine.

[sherimae2413]

did the wii u released in the wrong time?....

[zeal0us]

more or less...
-bad timing
-poor launch line-up
-too much focus on the tablet itself instead of overall console

Nintendo imho went from a family focus(wii) to a single focus(WiiU). What made the Wii sell it was something the whole family can enjoy.

Before the WiiU release some people simply thought it was a addon to the Wii. The tablet concept was a great idea in theory but not so great for families with more than one kid. Not to mention the tablets are costly and using more than one can cause a hindrance on the WiiU system.

Nintendo will have a hard time drawing those families who went out and brought the wii to the wiiu.

[colonel179]

The Wii U instead of the Wii would have been great an revolutionary. When the DS first launched, I wanted a Console with a screen on the controller so that it was like it. However, after Apple launched the iPad and made every tech company release a tablet, the Wii U feels outdated. Not only in the graphics/tech department, but in the controller too. Having a resistive touch screen is unacceptable as of today's standard. A lot of people have iPhones, Galaxies, etc and even cheap knock offs come with much better touchscreen and resolution than the Wii U Remote.

With that said, it is also good to note that Nintendo certainly will release games that will take advantage of the controller in a clever way as they always do, but they would have to run out of franchises and invent new IPs to keep people interested for at least five years, since I don't see third party support improving at all. At least maybe indie games will be better since they have been on the PS3/360.

I am on of Nintendo fans that only buys their consoles for their first party games. I rarely buy a third party game for a Nintendo console unless it is really good and interesting. A lot of people do, but even I feel that it won't be enough this generation.

Although it is really impressive what Nintendo is doing with the 3DS. I've never understood how they can get great games for their portable consoles and a lot of third party support for them, but rarely on their home consoles.

[mcstorm]

@colonel179 do you know the difference between resistive and capacitive screens?

resistive screen are better and more precise than capacitive screens it is also This screen is more durable as it is not made of glass.
These screens can operate at any humidity levels and it also costs less then capacitive screens to make.
This is the reason why Nintendo use them.

The WiiU will be fine come the end of this year as we will see games like Mario Kart, Zelda and more.

The Biggest issue the WiiU has at the moment is it is getting the same games as the PS3 and 360 so why would people look to send £300 on a new console to play the same game they can buy on there current console for £40?

This will be the same when the PS4 and Next xbox come out. If COD, BF ect are on the PS3 and 360 as well as the next xbox and PS4 why will most people upgrade?

Also everyone was saying the 3DS was a flop and would be walked all over by the PSV but look how that has turned out.

The WiiU will be fine and even though it will not hit the numbers of the Wii I expect it to sell as well as the next xbox and PS4 once they are both out and had 12 months on the market and people start to move to the next gen consoles.

[Perjoss]

I love my WiiU, but I do feel they should have released it around the time the original Wii was realeased.

[Clarence]

Not really. Nintendo counted on the tablet gimmick. It backfired. The Wii was a gimmick that worked. The Wii u isn't even next gen. Count the fact that many 3rd party developers are not supporting the system.

Once Nintendo started focusing more on family type games the writing was on the wall. Why buy a game on the Wii u if it will be available for the PS4 and 720.
There is no way they will be able to compete with Sony and M$.

[Drazz]

Nintendo has sucked for a long time, about time people realized it... The next version of your system is only as good as a system from 2006... really Nintendo? I can only imagine how bad a state gaming would be in without M$ and Sony.

[Perjoss]

"Nintendo has sucked for a long time"

Yet no other company is able to make games quite like theirs.

[Drazz]

Does anyone try? Don't think so. Nintendo has flooded the market with enough mario and zelda games that there isn't enough room for others.

[noirzillagamer]

Yes they do try to mimic mario kart, smash bros shall I proceed? Its just that they fail at walking in the foot prints of their daddies

[daclynk]

how much is it compared to their last loss.

[lilbroRx]

Its less. They are slowly returning to profit, but judging by these comments, a lot of people don't want to see that happen.

[MultiConsoleGamer]

They'll be fine.

3DS style comeback incoming.

3DS doubters from last year look like fools now. Same thing will happen with Wii U. Be careful what you say, it will come back to haunt you.

[Qrphe]

The situation of the 3DS was always different. The 3DS came into a market that Nintendo already had been dominating and in which we knew it would always have developers support where system price was the only thing really keeping away buyers. None of those things apply to the Wii U.

[Baka-akaB]

Wich exclusive third party games ? I probably forget one or two not so major titles , but so far Zombie U and lego city undercover are the only third party exclusives . First and "second" party titles are something else however .

i know i know i'm haggling but so far exclusives are published mostly by nintendo presently and in the near future

[lilbroRx]

Those things will applay to the WIi U when the other two next gen consoles drop.

[M-M]

One of the biggest problems with the console is the name, they should have came up with something different than a "U" after Wii. A while back I didn't even know the 3DS was a completely different system than the DS lol. I thought it was just a DS with 3D capability. People probably think the Wii U is an accessory for the Wii, which is what's contributing to the decline in sales.

[Williaint]

After a friend of my old roommate had mistaken AC3 for a live action film, I later overheard him talking about how "informed" he was about it, telling other people it was just a tablet add-on, and didn't actually play real HD.
I think they really should have gone with Nintendo U, leaving the abbreviation "NU"
For the last two generations I have simply said "I'm playing Nintendo".

[yewles1]

Headstart console curse...

[cyhm3112]

it will fail no matter what because of one thing.

much weaker hardware than xbox 720 and ps 4 and this time around doesn't have any attractive feature like the motion control thing of the Wii. Don't say hardware doesn't matter, it matter a lot, why buy a machine which is the same as PS360? the pad is a mistake.

[supermonkey007]

People dont buy a console for specs, they buy them for exclusives and innovation. the Wii U still has a lot to prove but E3 could turn things around for nintendo. oh and Wii U is more powerful than ps3/360 :/

[Williaint]

I'd like to agree with you, but some people do buy "just for specs".
At least you were right about it being more powerful than the PS3 and 360.

[insertnamehurr]

You know what i realized about this wiiU console which i own one? Usually when a console first launches it shows nearly the best of its graphics right? LIke ps4 did and its what we going to get at its launch but i havent seen anything like that with this wiiU which it makes me wonder if the tech demo they showed of zelda would actually have the same graphics in the real gameplay, also, it makes me think that nintendo is doing the same thing sony did in 2005/6 when they showed off graphics that ps3 was never capable of.

[N4g_null]

Every thing in the Zelda demo is in need for speed most wanted Plus more. Hell a lot of effects are in the Nintendo land game but most can't see past the art style.

Nope that was real wiiu hardware running those demos. There was no effect that is not doable on dx10 hardware there. No tessalation, no high end colored shadow/light bouncing.

What you do see is a nintendo not showing the real guns yet. Nintendo knows it isn't always about tech but art direction and actually game design/play.

[g-nome]

Dual screen gaming does not work in the living room , you can not keep an eye on both at the same time. They should have just given the console better specs.

[insertnamehurr]

I agree, and, from what ive heard, this wiiU console comes with a amd radeon gpu serie 4000, so, i dont expect any leap compared to ps360.

[MasterCornholio]

http://www.itmedia.co.jp/ne...

"Translation of ITmedia report follows:

At an analysts' meeting on the 31st, Nintendo President Satoru Iwata (53) implied that there is a possibility that he may resign if he is unable to achieve 100 billion yen (US$1.09963 billion) in operating income for the next fiscal year. The company had recently revised its forecast for operating income for the full year ending March 31, 2013 to -20 billion yen (US$220.144 million), making the goal a high hurdle. Iwata aimed to appeal to investors by putting himself on the line to recover the business.

President Iwata, having seen 2 consecutive years of losses, apologized by saying, "We feel greatly accountable for this severe outlook." He further explained that the basis of meeting the goal by saying, "...we plan to actively release our key titles for Nintendo 3DS which could potentially lead the markets this year."

In the midst of sluggish sales for the next-generation home console Wii U released last year, Iwata also indicated that portable and home console development groups would be merged.

When asked how he would take responsibility if the goal is not met, Iwata emphasized his strong determination by saying, "Please understand that [achieving it] is my commitment."

Iwata, formerly the president of a development company making games for Nintendo, was selected in 2002 at the young age of 43 by former Nintendo President Hiroshi Yamauchi, being called a person who had skill in both game development and administration.

Shares of Nintendo stock were sold off on the Osaka Securities Exchange on the 31st, at one point falling 530 yen from the previous close to 8820 yen."

Translation: http://www.neogaf.com/forum...

Lets see if he resigns since he failed to achieve a profit over the last year.

Anyways Nintendo fans shouldnt be ashamed at this. Look what happened when Sony gave Krazy Ken the boot and when they replaced their CEO with Kaz Hirai and when they put Yoshida in charge of the play station division. Getting rid of Iwata could be very positive for the company.

http://static.giantbomb.com...

@GivesitToUharder

"Usually when a console first launches it shows nearly the best of its graphics right?"

Nope but it usually shows graphics that are a lot better than anything that previous generations of consoles can produce. Which in this case the Wii U fails miserably with Zombi U while Sony achieves it with Killzone Shadowfall (real time demo).

Zombi U: http://thegamershub.net/wp-...

Killzone Shadow Fall: http://edgecast.lvlup-files...

BTW the Zombi U pic is a bullshot because the game doesnt even run in 1080P instead it runs in 720P but i used the bullshot to be more fair to the Wii U.

[chente0025]

@master cornholio the wii u has failed to show it's graphical capabilitys? have you not seen NFS Most Wanted U? how about the Splinter Cell Blacklist trailer for wii u? yet you refer to ps4's killzone as "the real time demo" when sony admited the demos where running on a pc with similar hardware to ps4 so for all we know ps4 can end up not living up to the expectations.and i could get 100 dislikes for this comment but that won't change the fact that it could happen!

[MonkeyNinja]

+ Funny just for avatar and name.

Btw, good points in comment. Totally agree.

[LOL_WUT]

@MasterCornholio well said +1 for Intelligent ;)

[Nevers0ft]

The Wii U got off to a decent start but stalled in 2nd gear. I'm happy with the console and it's capabilities but even a dyed-in-the-wool Nintendork like myself has to acknowledge that the system wasn't quite ready. Nintendo has spent the last six months doing what they should have been doing the six months prior to launch but as 2013 rolls on they're likely to "get their ducks in a row" and come out fighting... I bet Sony and Microsoft aren't as dismissive of Nintendo as many games pundits are - Nintendo is the fat kid in the playground that often gets bullied then occasionally flips and body slams somebody just to remind you that he can still kick ass ( http://youtu.be/3f1TALov9Mw... ;)

As for Iwata... Let the shareholders judge if he's doing a good job. With the exception of the last year or so Nintendo has made crazy profits under Iwata. If he did decide to go I have to confess, I'd miss his quirkiness in Nintendo Direct, few other CEOs would put themselves through that.

[Nevers0ft]

Damned link isn't working, maybe this one will - http://tinyurl.com/d3fgg2e (not that it matters)

[Evil_Ryu]

instead of stepping down Iwata should commit Hara Kire if he fails... It is the Japanese way.

[dumahim]

As the Wii U Founders do what?

[e-p-ayeaH]

Here´s hoping things turn better for them.

[Adolph Fitler]

Nintendo has needed a major bunch of firings ever since they couldn't lose the "rob the customer, publisher & 3rd party developer blind" glory days of SNES, when the whole Sony PS introduction era.
They have been far too ignorant for far too long, & in a perfect world consumers would not have been sucked into this whole Wii gimmick thing in the 1st place, & therefore Ninty would have to of shaped up & either give us cutting edge, powerful, awesome tech, as they used to with NES & SNES both being superior to the competing hardware Sega offered back then. I mean, SNES was not streets ahead of the Genesis/MD in raw power, but at least it more than competed with the rival machines it faced, & bettered them by a small but noticeable margin.

The Wii-U is a launch that was waaaay overhyped with 99% of the titles people were gasping over, being re-releases of games we had played over a yr ago, or still are.....games that were also re-released & that we were BS's to, by being told that these were the superior versions because of this & that, when in fact, they were either barely the same, or worse, with frame rate issues & graphical glitches that were not in the original PS3, 360 & PC versions.
Games that should not have even been bothered with & instead, the publishers & developers that remade them, should have invested the time & money into games like Zombi-U, that are completely new, risky ip's, but ones that if given enough quality development & Nintendo's breakaway from the "stubborn 3rd party hating" attitude they employ, & instead Nintendo could market the a$$ off the games for a percentage based fee, given the games success & such. And, without Nintendo being greedy a-holes, as they were back in the 80's & 90's, until Sony arrived & there 3rd party support ran away to Sony at speed, after being beaten & a$$r@ped for decades now (& what I mean by that is that Nintendo charged these 3rd party developers astronomical amounts of cashola for dev. kits, there crappy cartridge format, per game, & on top of that, they gave no support or dev. software.

[Adolph Fitler]

Wii-U HAS NO GAMES....none, after all the media hype & fanboys screaming from the rooftops, Wii-U's launch was more big of an event & explosive than a 1980's NASA attempted rocketship launch.
Nintendo went off early, in a panic to get to market 1st, when there own strategy was flawed from the get go, as they sold so well with Wii, when they launched last & virtually in line with the follow up to THE MOST SUCCESSFUL home console EVER, in PS2 to PS3.
Now, not only did they blow there wad early, as alone that would've been OK, had the next mistake not been made......and the next mistake was a lack of any games that stood out.
They rushed this thing to market, with a pseudo tablet-esque controller that is useless in both battery life, & portability, given it is only a RF based system, that disconnect when taken 10mtrs away from your system. As said, they rushed it out with the only standout looking game being Zombi-u (which turned out to be not as good as Dead Island)..... Now, then they had the expected Mario game, that was a bloody disappointing bunch of recycled, re-used game.
If Nintendo want to get this thing happening, they have some hardcore knob gobbling, sucking up & potential apologies to certain 3rd party developers, to garner there support, & hopefully get some of the big, more prominent IP's onto there console. Bayonetta is THE ONLY game that I am excited about, to play on my Wii-U in the foreseeable future....& then Mario 3D is one of only a handful of games that I will have in my collection.
I mean, I bought 2 Wii-U's for Xmas, (1 for me, 1 for my kids), so I wasted a lot of santas money on 2 machines that have 1 of the poorest support in terms of quality (hell, not even quality, just games in general), of any console EVER. It doesn't have a steady trickle of titles, like the other machines do, & did back when they were as young as Wii-U in the marketplace is now, I mean, Nintendo's game flow (if you could call it that), is basically like a drip every 2-3 months. Meaning, 1 game, every once in a blue moon...all while PS3 & 360's ridiculously old asses, are getting the Bioshocks, Defiance, Dead Island, Dmc, MGS:R, & plenty more disk based titles, & even more downloadable games.

So, please Nintendo, start looking after your consumers & give us some sick, awesome games.
Stop pissing about with bloody 3DS titles, & give your home console a jump start, & resuscitate the life back into this f%#king machine, you imaginatively called the Wii-U.

[sephx22]

I would like a new Nintendo CEO, Iwata`s methods are out of date.

[arbitor365]

nintendo is officially losing more money than sony. and sony is a conglomerate company, not just a gaming company, much larger than nintendo

nintendo has brought this on themselves. i have no sympathy for them at this point.

[o-Sunny-o]

No noo! I want Nintendo success release anything quick!! I'm dead serious. Long live Nintendo!

[Droid Control]

I haven't cared about Nintendo since the N64.

[josephayal]

this is terrible for nintendo

[Monkeysmarts]

Wait, I was JUST reading how Nintendo was stomping Microsoft and Sony and the Wii U is printing money... lol

[Acquiescence]

You mean flounders, right?

[Ck1x]

People aren't looking at this situation right... Its not that Nintendo is just losing this money because something isn't selling well, because the 3ds and its games sales would surely counter balance this! The fact of the matter is, Nintendo is spending heavily and ramping up development of the amount of games being made for both the 3ds & WiiU. We just saw what's coming for the 3ds and E3 will show us the games that are coming for the WiiU.

[sprinterboy]

Gamers have had 6 Years to save for Wii U, PS4 or XBOX720, stop blaming the recession. I see many people still goto dominoes pizza for £15 pizzas, mcdonalds twice a week lol, clothes, buying random crap.

If you have not saved for things tech wise then thats your fault, i am £1,000 away from saving £3000 on a poor 15,000yr job and in 1 yrs time i think 4k tv will be that price.

I have put £10 per month away for PS4 3 or 4 years ago, its very easy to save if you think about it, and thats with my morgage, netfix, love film, ps plus, water,gas,electricity, skyHD, council tax etc and I still have alittle left over for pubs and going on holiday, just saying.

[Alcohog]

I have now read this title around 8 times and it still does not make sense.

[Williaint]

I think the problem is that people didn't notice it's 18 billion yens... which is about 181 million American dollars...
Which... still isn't a lot, for these big companies.

[DivineAssault]

Nintendos leaders need some new blood with fresh ideas.. It wouldnt hurt for the company to evolve its franchises & step up the hardware