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60°

Nintendo says slack console sales to hit operating profit, weak yen to lift bottom line

"We've made some progress in profit but in many ways we didn't score perfectly," Chief Executive Satoru Iwata told reporters at a briefing in Osaka. Iwata is hoping to steer Nintendo to its first annual operating profit in four years.

Reuters:
"Many of Japan's manufacturing companies have significant operations outside the country and are likely to see a positive impact on earnings from the yen's weakness. Separately Wednesday, camera and office equipment maker Canon Inc also reported a profit boost helped by the yen's slide.

For Nintendo, the foreign exchange gains may ease short-term pressure to overhaul strategy.

But analysts have called on Chief Executive Satoru Iwata to shift to focus on mobile devices and to allow its games to be played on machines built by competitors. He has resisted such pressure so far, pinning hopes on making hits out of games such as "Mario Kart 8"."

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WizzroSupreme3367d ago WhoDisagree(0)Agree(0)
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Nilla_Nate3367d ago

You'd think Amiibo sales would almost make up for it. Damn things lol

Griever3367d ago (Edited 3367d ago )

I dont know why people are making such a big deal about a few million Amiibo sales. It is just a $13 toy, not a $400 console. Furthermore, how much do you think it costs to make them, distribute them and market them? Nintendo probably gets to keep only few dollars out of each sale. Even if each Amiibo costs only $8 to make including distribution and marketing, and Nintendo is making a heavy profit by selling them for $13, they only make $5 on each sale. In case of low priced products like kids toys, candies, snacks, stationery, soft drinks etc. you have to sell at least tens of millions if not hundreds of millions to make significant money.

gangsta_red3367d ago

This is exactly why I believe their next console will be coming sooner than a lot of believe. They just can't sit there for long a bleed money.

Summons753367d ago

A new console this soon would hurt more than help. They also said they wouldn't release a new one until all WiiU owners are satisfied.

Griever3367d ago (Edited 3367d ago )

"They also said they wouldn't release a new one until all WiiU owners are satisfied."

How will they evaluate that? How will they find out if every Wii U owner is satisfied and that it is alright to release a new console? That is just PR talk. New consoles are released according to strategic roadmaps and planning done years in advance. They probably already are developing a new console and know when they are going to release it regardless of current Wii U owner's wishes and satisfaction level.

gangsta_red3367d ago (Edited 3367d ago )

Are WiiU owners satisfied...and how would they even gauge that?

I think the more they let the WiiU slide the more it will hurt Nintendo. Better to cut their loses soon than have to pay for it down the line.

Edit:
Griever beat me to it...problems with having to type and work at the same time.

jholden32493367d ago (Edited 3367d ago )

Well, thing is they're not "bleeding money". Two running quarters in a row back in the black. And even when they were losing money, it was only a fraction of the losses seen by other console manufacturers, and no one expects them to cut their generation off early. PS3 and 360 lost money for half a decade and went on to have the longest generation in gaming history.

Releasing a new console would just destroy the near 10 million-strong user base and they'd have to start from scratch. The longer they keep the Wii U around, the more profitable it becomes.

Nintendo consoles will always be like they are now- Nintendo games and 3rd party exclusives. Either you like their games or you don't. If a person isn't interested in Wii U, they won't be interested in it's successor either. All it would serve is to royally piss off the 10 million gamers who have already invested in A Wii U.

If you read the comments by Iwata, I believe his words were "Wii U isn't over yet, we've got plenty more to come for it and many unannounced titles". So, Wii U will have a long, full life cycle, perhaps even longer than the Wii. To believe otherwise would be foolish.

Unlike other manufacturers who abandon their hardware in just 3 years, Nintendo is smart enough to understand that if you release a console that millions have invested in, you MUST give it a full life cycle. Otherwise you destroy consumer trust and no one will buy the next one.

Besides, Smash Bros sells 4 million on Wii U. Mario Kart 8 sells 5 million. Super Mario 3D World sells 5 million, NSMBU sells 6 million, and the list goes on and on of games that have sold over 1 million on the Wii U. Why throw that away? Sales are growing with each passing year. By the true end of the Wii U's lifespan, many of these games will be at 10 million sold.

Not only that, but the Wii U has been Nintendo's return to form. The software has been beyond exceptional, and they're really making amends with fans for the neglect of of the Wii era boom. I think Iwata said "Wii U will be around until fans are satisfied", or rather, until they've released all the great games fans have been clamoring for and they know they've done all they can to satiate the appetites of their fanbase.

superchiller3367d ago

Iwata, master of excuses, and subject of one of the greatest internet memes: "Please understand".

traumadisaster3367d ago

I don't see how a new console would help the fact they can't release a game based on link or metroid every year.

If they did get dying light on a new ninty console would it have 1080p60fps with better gfx than ps4? Cause the 20 million who just bought a ps4x1 and wiiU prob would not spring for it.

Only people left is those still on last gen but prob don't have the budget anyway.

Man I would love to see them pull a 2009 Apple turn around...

Macdaddy713367d ago

You know the big dogs at Nintendo hate telling there share holders profit is down cause of low console sells after Ps4 n X1 are breaking sell records, if I was a share holder of nintendo I would ask for someone job!!! Two reasons 1st for making a wii with a gamepad n not the controller that made Wii sell so good, 2nd for not going true Next gen just doing Wii 1.5,
If Nintendo was smart they would have went with a true next gen system with a controller for hardcore gamers, n got third party from the start.... They would have sold record number systems for the plus side, not record low numbers

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80°

Nintendo's Massacre Of The 3DS And Wii U Is Finally Complete, Regrettably

Hanzala from eXputer: "The cruel hammer of Nintendo has fallen. Farewell, 3DS and Wii U, you surely brightened my life and many others; you won't be forgotten."

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280°

Xbox's Preservation Step Sets A Much-Needed Example, Especially For Nintendo

Hanzla from eXputer inquires: "If Xbox can care about preserving its games and legacy, what exactly is wrong with Nintendo, trying to kill game preservation single-handedly?"

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purple1014d ago

Ahh yes the good old game preservation of saving all your games to a removable hhd on the Xbox 360, taking it round your mates house, setting up multiple tvs to
Be met with “save data corrupted, please re download”

Or how about removing 360 games
From the store
, download them now or else, and, better hope to god that save data doesn’t corrupt, or it’s lost for ever

Nice one ☝️

Zeref3d ago

It's better than what Nintendo and Playstation is doing. It might not be perfect but at least they are TRYING. Unlike the others.

DarXyde3d ago

Trying? Take off the blinders for a moment, mate.

1. A failure to preserve games is just that: a failure to preserve games. Don't try to sugarcoat it: NO ONE is doing it properly. Better than awful is nothing to write home about.

2. At the time of this comment, isn't it the case that you need an internet connection to play Xbox games even if you buy physical discs that are hardly in circulation anymore? I don't have a Series X and I can't verify, but I think that is correct. I'm fairly certain you can at least play PS5 games at version 1.0 (not much of a win really when many games require day one patches). I think Microsoft's all digital, licensing approach is by far more aggressive than anyone else's. They really try to push you to game pass where you lose your entire library by umm.... Skipping a month of payments.

I don't think anyone is doing it right whatsoever. Don't get me started on Nintendo, who goes after anyone looking to preserve their games better than they ever would with extreme litigation.

Don't be a simp for any of these companies. Get it together.

PhillyDonJawn3d ago (Edited 3d ago )

@DarX never speak on Xbox again. You lost all credibility with your internet connection comment. Smh you have 0 clue and misinformed yet speaking on something you don't no squat about.

Einhander19723d ago

What has Sony done exactly? You guys keep deflecting to Sony but I am not actually seeing any results, and ai am certain nothing that you can come up with even comes close to what Microsoft has done and what they have tried and failed to do, like tie all your disks to your account on xbone.

Microsoft removed their whole indie section when they moved to the xbone because they were going to only allow games on the service that came from a publisher, id@xbox started after xbone launched and it only exists because Sony embraced indie and Microsoft was forced to cancel their plans and reverse course.

And every single game that was part of games for windows live including disk games (I have gta 4 on disk that won't work) so hundreds of games that use that DRM no longer work unless the company themselves patched it out which of course very few did.

MrBaskerville3d ago

Not trying. Tried. they killed of the backcomp program years ago. They set something up again, but sounds like it's more of an attempt to save the current library on whatever they are planning next. With luck they save everything and more, but let's see. I could see them killing off parts of the OG xbox and 360 libraries. Can't imagine that they would allow us to play Forza 5-7 in the future.

With that said, I do like what they've done and really wish they could have done more.

shinoff21833d ago

Zeref

So killing off physical media is trying what exactly. Ms don't really give a fk if you think they do your kidding yourself.

Profchaos3d ago

They are not trying this team is established for forward compatability the team is. It interested in preserving Xbox or 360 games.

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isarai4d ago

Is that why Hellblade 2 is digital only?

Zeref3d ago

Just because it's digital only doesn't mean you can't preserve it. Just put it on an external and you have the exact same functionality of what a disc does.

MrNinosan3d ago

Guess you're trolling, but if you actually think that's how it works, I'd recommend buying some braincells.

mkis0073d ago (Edited 3d ago )

Volitile vs nonvolitile data. A disc will not corrupt either. A drive can be corrupted.

Einhander19724d ago

This is just a scammy PR move to distract from the fact they are going digital only and trying to push streaming and subscriptions only.

No gaming company has pushed harder to remove ownership than Microsoft.

Without discs there is no preservation, preservation can't be done by the rights holders it can only be done by the consumers, anything else is a lie.

4d ago Replies(3)
Einhander19724d ago

Anyone remember xblig which Microsoft removed their whole 360 indie section removing hundreds of games from people?

4d ago
4d ago
Zeref3d ago

Do you know you can put your games on an external and preserve them that way? There are no benefits to discs. ZERO. Idk why some of you are still obsessed with them.

DarXyde3d ago

Because games like Persona 5 exist. It's STILL V1.00. On Playstation, that's a win because 1.00 is installed on the disc—no need to download anything.

If a game does not require any updates, it's all on the disc.

Extremely low bar in the modern era, of course. It's not much of a win by any stretch.

But for now, physical media does have a purpose, at least on Playstation.

Einhander19723d ago

That is factually not how game licensing works, try plugging your hard drive into someone else xbox, It's not going to work, and it won't work if the licensing servers ever go down.

Einhander19723d ago

Anyone remember games for windows live.

I have around a dozen games, some on Steam itself that will not work because Microsoft shut off the licensing servers.

BehindTheRows3d ago (Edited 3d ago )

I do. I STILL have games (Gears of War being the big one) I cannot access because Games for Windows LIVE is total garbage and no one has held Microsoft accountable.

Zeref3d ago (Edited 3d ago )

You don't have an Xbox apparently. Because you can 100 percent plug in your external and play games from it on any Xbox console lol. You just have to be logged in to prove ownership.

Chevalier3d ago

"You don't have an Xbox apparently. Because you can 100 percent plug in your external and play games from it on any Xbox console lol. You just have to be logged in to prove ownership."

Damn how many times do people got to explain your idiocy to you? You can take a copy of Persona 5 like someone used as an example and play that game on ANY console WITHOUT logging in which means I can lend the game to a friend without internet and they can play my game. Can you lend your hard drive to anyone without logging in for them to play? NOPE. That is a huge difference and if you think otherwise then sorry you're an idiot.

Tacoboto3d ago

"No gaming company has pushed harder to remove ownership than Microsoft."

Ubisoft is literally erasing games people bought from their libraries... My PS1-3 discs are useless on modern hardware. Nintendo's re-published and resold almost their entire Wii U library, and the eShop is completely dead with no BC mechanism in the Switch software. Microsoft publishes everything they make today day one on Steam and Xbox/Windows. Sony only brings to PC the titles they think you might want some years later and Nintendo won't even design a functional long-lasting joystick.

You're absolutely trolling and not serious if you think Microsoft today is the worst offender.

shinoff21833d ago

Yay steam

Not everyone fks with computers though. The disc is still the best way as a console player. Period.

Tacoboto3d ago

How do Sony and Nintendo feel about these discs from 2001-2013?

Don't be stupid, you know Xbox is the best at this today.

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Hofstaderman4d ago

Nobody wants this. Sales or the lack of it in the case of XBOX is very telling. I wonder how the adorably all digital series X will fare. Adorably dismal perhaps?

crazyCoconuts3d ago

Only time will tell, but for from someone like me suspecting that Xbox is trying to gracefully exit the console market, that "forward compatibility" team is trying to get Xbox games playing on Windows PCs. I mean, it's nice that they're not planning on exiting with a "enjoy your games while the hardware still works" message, so that's nice. They still have a brand to protect via Microsoft so probably feel obligated to have a better exit strategy.

Xeofate3d ago (Edited 3d ago )

That is not their plan, their plan is to transfer users accounts to the cloud.

Phil Spencer himself said as much a few months back, plans could have changed but I think people are reading way too much into one statement where Phil said he would allow Epic on xbox because he wants to be able to sell xbox games directly on other platforms. Aka, instead of selling Sea of Thives through PSN he wants to have an xbox store to sell his games on PlayStation without giving PlayStation any money.

Again, it's extremely unlikely that Phil plans to put PC on xbox and licensing would prevent them from just giving out other publishers games purchased on xbox copies of thier games on PC, Microsoft does not own their games.

crazyCoconuts2d ago

The thing that doesn't align with the cloud strategy is the giving up on exclusives. You'd still need strong exclusives for cloud streaming - it's still a "platform" , just with a lower upfront hardware investment. I feel like they've learned what PS learned with PSNow long ago. We're not ready to stream games and it's only gonna lose them money to try at this point

FinalFantasyFanatic3d ago

I would love that, I'd buy up some of the Xbox games if they could run on PC, like the Rare Replay, Lost Odyssey and Dead or Alive Ultimate, probably a pipe dream though.

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90°

Nintendo's War Against Player-Made Content Will Hurt The Company In The End

Danish from eXputer: "Nintendo has historically gone against player-made content and emulation of its games. This has done much to harm the company's image."

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XiNatsuDragnel10d ago

I agree nintendo hire some these folks to help in your games it'll help imo.

banger8810d ago

They need to stop announcing these mods and fan remakes until they're finished. Finish it, upload it, and then if Nintendo dmca's it tough shit. Once it's online, people can share it around, even if the original download gets taken down.

Jingsing9d ago

True, but most modders need constant admiration during the process to motivate them.

PRIMORDUS9d ago

Yup, once it's a torrent nothing can be done Nintendo is helpless at that point. But it would be wise if they just had a site on the dark web, it's also easy to use with Tor and no one will bother you.

mastershredder9d ago

This is all coming from the mouth of short-sighted fandom and grifting madness.
No.... it wont. There is a clear defined reason why they don't. This is nothing new. Make your own shi7 from your own original ideas especially if you are trying to capitalize of it it. Duh.

Yeah, hire people that have zero respect or understanding for an established process. Wow. Yep. Totally makes sense.

shinoff21839d ago

Those guys that made that sonic game got a gig from sega or something along those lines and that game was dope as hell. One of the best sonics as of late.