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Nintendo's Disappointing Wii U Showing Will Lead to the Demise of Console Gaming

It's 2001 all over again. Only this time, Nintendo doesn't have anything to fall back on. In the late '90s and early 2000s, Nintendo ( NTDOY ) attempted to run its console business into the ground by releasing a lackluster follow-up, GameCube, to a lackluster system, Nintendo 64. At that time, Nintendo owned the handheld gaming market. The Game Boy, Game Boy Color and Game Boy Advance provided Nintendo with billions of dollars in profit. As a result, Nintendo was able to relinquish its spot at the top of console gaming and still become one of the industry's most profitable companies.

By releasing the Nintendo 3DS without any good games, and by charging a price ($249.99) far beyond the system's worth, Nintendo was forced to cut the price several months (years!?) ahead of schedule. In what seemed like an instant, the company lost its cash cow -- the handheld market -- and saw its market cap drop 50% in the following months.

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StarFox2261d ago

yeah im not giving this site hits, this is the same doom and gloom crap we've been hearing about ever year. CONSOLES ARE DOOMED ahhhhh oh gosh no it can't be. whatever

Anon19742261d ago

It's nadsaq.com. It doesn't need your hits. As for the article, it's some interesting food for thought. I disagree, but I at least read the article before writing it off. You should to.

The author doesn't go on to explain how, exactly, anything he says is going to lead to a demise in console gaming and I think that's a huge flaw. If you're going to offer a strong opinion like that, at least try to back it up. He makes some interesting observations about the Wii-U and I feel he has some valid concerns regarding the console, some of which I share, but why write off an article without reading it? Why not discuss? Obviously it's not all smiles and sunshine for Nintendo. Is this really a taboo topic among gamers?

StarFox2261d ago

dude there is no point of discussing something that has been discussed for years already. i don't know maybe you new to this site or maybe your new to gaming in general. this topic has came up on numerous occasion stating that the end of consoles are near but yet every generation a new console comes out disproving a outlandish statement. not to mention the illogical statements they make like mobile gaming is the future, tablet gaming is the future etc. you know what one of today's headlines were? Free-to-play is the future now, i'm sorry but there's just no need to discuss a matter that is practically irrelevant at this point.

miyamoto2256d ago

i love you man. bubbles up! onion or drop

N4g_null2261d ago

Wow "It's no secret that the media wants consoles to die so that tablets can take their place as…what, exactly? The new leaders of lackluster gaming?"

He continues with this LOL.

"This year, third-party developers brought a cornucopia of crap to Wii U, including first-person shooters that are destined to suck (ZombiU*? Are you kidding me!?), a little too much hype for the next Darksiders, an obsessively long discussion on Batman: Arkham City, and teasers for other games that will appear on other consoles, such as Assassin's Creed III. (*If you think ZombiU won't suck, go back and play Ubisoft's last over-hyped FPS project, Red Steel .)

No where does he mention sony or MS... There best games are coming out and they are not even on this guys radar wow.

yewles12261d ago

"It's 2001 all over again. Only this time, Nintendo doesn't have anything to fall back on. In the late '90s and early 2000s, Nintendo ( NTDOY ) attempted to run its console business into the ground by releasing a lackluster follow-up, GameCube, to a lackluster system, Nintendo 64."

Even 'I' have to say WTF to this article. That was just 2007 PS3 hate caliber.

live2play2261d ago

havent you heard? nintendo created cancer

Hicken2261d ago

that's exactly the point at which I stopped reading. I didn't even HAVE either of those systems, and I know better.

This is just ridiculous stupidity.

AtomicGerbil2261d ago

These doom articles are getting a little out of hand.

Jirachi2261d ago

Uh even if wii u doesn't sell a single wii u(literally mpossible snce im buying one) nintendo has plently of money to make anoter console. sure sony and ms have been bleeding money(they keep taking loses on hardware)

I don't think they will disapear eiter becuse they have there non gaming divisions to fall back on worst case scenario is maybe they stop making consoles temporarily and try again later.

Mr-Zex2261d ago

Whats lackluster is this Article and it's attempt at trolling.

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