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Breakdown of Nintendo's financial situation is as zany as you'd expect

Nintendo is coming off of a pretty rough fiscal year, posting an anticipated loss of ¥65 billion ($839M) despite strong sales for Super Mario 3D Land and Mario Kart 7.

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MultiConsoleGamer2458d ago

People are trying to spin this data despite the fact that the competition has lost billions of (US) dollars since 2008. One company has a product that has never been profitable since its release. (Selling for a profit and being profitable are two different things.)

People will tell you Nintendo is selling the 3DS at a loss, which they are not. They just took a loss when they did the price cut. Cost of Goods and distribution is still around $100 US.

Unless you're a shareholder you never hear this stuff. You only hear what gets filtered through the press. Either way its fascinating stuff, and losing $800+ milion is no laughing matter, despite the horrid condition of one of your competitors.

Squatch832458d ago

They still have a hell of a lot of money.
It always makes me laugh, Nintendo has 1 loss in 30 years and is dead, Sony loses billions for years and is ok, despite having less cash and a huge debt.
Nintendo has no debt at all.

Emmettcelticfan2458d ago

Sony has more than double the equity of Nintendo, and 11 times as much assets. Sony has much more money than Nintendo

Silly gameAr2458d ago (Edited 2458d ago )

People are infatuated with Sony's financials. They hear a company has hit a rough patch, they can't help but bring up Sony losing blah blah at the start of the gen when it has nothing to do with them at all.

They're profitable now, so I guess they turned it around, but this isn't about them. This is about Nintendo. Since they make a crap load of money like you say, I guess they don't have anything to worry about then, right?

Magnus2458d ago

That Mario picture is funny looks like the mushroom eating has finally caught up with him in a perma trip.

Nintendo will bounce back they always do but the need to think up new ideas and try and tap back into the hardcore gamer that they have forgotten about. I know there are hardcore Mario fans, Zelda fans, and Metroid fans. But Nintendo needs some new characters and some new games that don't just revolve around a plumber.

zeroreloaded2458d ago

I think this is good news, because i, a representative of sony fanboys hate nintendo and they deserve to lose lolololol

urwifeminder2458d ago (Edited 2458d ago )

Samsung is the new king of consumer electronics 17% profit wow tvs and phones outsold everyone last few years their products are getting better and better just announced a massive increase in R&D well done south korea,data was released the same day as nintendo.

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