Gamnesia - Nintendo's financial report has been released for the fiscal year ending March 31, 2015, and the Big N has plenty of cash in the bank. Their "cash and deposits" checks in at ¥534,706 million, which translates to about $4.465 billion in US currency. Their total current assets amount to ¥1,097,597 million, or about $9.168 billion in US currency. While these numbers show that Nintendo has a sizable safety net, they also represent a decrease from three months ago. Hit the jump for more.
These numbers show that Nintendo has a large safety net, but they're actually declined from the last quarterly report. As of December 31, Nintendo's cash and deposits and total current assets stood at $4.8 billion and $10.2 billion, respectively. Part of this decrease is due to changing exchange rates between the yen and dollar, but looking at it just in yen amounts, Nintendo's money in the bank has decreased slightly from ¥563,917 million to ¥534,706 million over the past three months.
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."
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?"
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 ☝️
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.
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?
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.
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."
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.
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.
Hmn...what a surprise!
With the success of Wii and DS, I thought they had more...
Well back to the Nintendo is doomed Bull$hit I see. I love it's ok to report on Nintendo's finances but as soon as Sony's finances are called into question their shot down fast on this site. N4G biased much???
Nintendo has posted a PROFIT for the entire year. I don't see how that can be spun into a negative now because they spent some money buying into DeNa and funding other projects. As always though it's straight to the negative.
Explains the lack of panic over there... to be fair I wouldn't panic either if i had that much.
Thats like a bad mockup of my Bison Dollars!!