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Nintendo Fanboys read it a weep the true facts regarding Nintendo financial situation. Face it your first party software just doesn't cut the mustard.
Nintendo revised their earnings expectations for the 2002 fiscal year today, the yearlong period ending March 31. The news was not at all good to investors: the company cut its profit expectations to 66 billion yen ($547 million), a 38 percent drop from the 80 billion yen ($663 million) they were expecting to make.
The chief cause of this profit drop was the same issue that's been plaguing Nintendo's Kyoto headquarters for the past yearGameCube console sales aren't making their grade. The company said that 5.6 million Cubes were sold in 2002, a far cry from their previous sales target of 10 million, and software sales fell about 10 million units below their 55-million-unit goal. Global affairs didn't help Nintendo, either: the company lost an estimated 23 billion yen stemming from the yen's high value against the dollar during 2002.
At a press conference in Osaka, Japan, Nintendo senior managing director Yoshihiro Mori was up front with his company's missteps. "Hardware and software sales for the GameCube, our main product, did not produce the numbers we had planned for," he said. "The Game Boy Advance, on the other hand, exceeded our expectations, but we are revising our figures now because overall sales fell below plan."
Mori made note of the success of the PlayStation 2, and the Grand Theft Auto series in particular, as the chief culprit of their problems. "GTA sold overwhelmingly across the world during this fiscal year," he commented. "I think the fact that Nintendo released new Mario and Metroid games that were both overshadowed by GTA was the primary factor" behind the earnings revision.
In response to the reduced earnings, Nintendo announced changes in its game development strategy, including the reconsideration of game difficulty and play time. One major side effect of thisthe company will place even greater emphasis on games that use the GameCube-GBA link cable. According to Mori, several link-compatible games will be shown at the Electronic Entertainment Expo next month.
This earnings news comes hot on the heels of a Japanese report that Capcom will port Resident Evil to multiple platforms instead of keeping new, non-offshoot titles in the series exclusive to the GameCube. The report, which Capcom promptly denied, sent the publisher's stock up to 1208 yen on the Tokyo Stock Exchange, a rise of 20 percent since Friday.
Nintendo revised their earnings expectations for the 2002 fiscal year today, the yearlong period ending March 31. The news was not at all good to investors: the company cut its profit expectations to 66 billion yen ($547 million), a 38 percent drop from the 80 billion yen ($663 million) they were expecting to make.
The chief cause of this profit drop was the same issue that's been plaguing Nintendo's Kyoto headquarters for the past yearGameCube console sales aren't making their grade. The company said that 5.6 million Cubes were sold in 2002, a far cry from their previous sales target of 10 million, and software sales fell about 10 million units below their 55-million-unit goal. Global affairs didn't help Nintendo, either: the company lost an estimated 23 billion yen stemming from the yen's high value against the dollar during 2002.
At a press conference in Osaka, Japan, Nintendo senior managing director Yoshihiro Mori was up front with his company's missteps. "Hardware and software sales for the GameCube, our main product, did not produce the numbers we had planned for," he said. "The Game Boy Advance, on the other hand, exceeded our expectations, but we are revising our figures now because overall sales fell below plan."
Mori made note of the success of the PlayStation 2, and the Grand Theft Auto series in particular, as the chief culprit of their problems. "GTA sold overwhelmingly across the world during this fiscal year," he commented. "I think the fact that Nintendo released new Mario and Metroid games that were both overshadowed by GTA was the primary factor" behind the earnings revision.
In response to the reduced earnings, Nintendo announced changes in its game development strategy, including the reconsideration of game difficulty and play time. One major side effect of thisthe company will place even greater emphasis on games that use the GameCube-GBA link cable. According to Mori, several link-compatible games will be shown at the Electronic Entertainment Expo next month.
This earnings news comes hot on the heels of a Japanese report that Capcom will port Resident Evil to multiple platforms instead of keeping new, non-offshoot titles in the series exclusive to the GameCube. The report, which Capcom promptly denied, sent the publisher's stock up to 1208 yen on the Tokyo Stock Exchange, a rise of 20 percent since Friday.
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Syphonical wrote:
> Oh, and,( i don't know if this has been said), but nintendo is the
> only company actually making a profit from there hardware, sony and
> microsoft are losing money, attempting to buy up every developer under
> the sun...
>
>
> P.s..You can keep Rockstar, their games are stail(and they suck!)
Funny that because with Metroid Prime, Mario and Zelda all enjoyed good pre-order sales where are they now in the Charts the answer is they only managed 1 week in the top spot hardly a success as I have said all along Nintendo need to start developing games that people want to play in this Millenium not the last., the gamers of today have moved on and want to play games like GTA VC and the Getaway not Mario and Zelda and the proof is there for all to see.
> Oh, and,( i don't know if this has been said), but nintendo is the
> only company actually making a profit from there hardware, sony and
> microsoft are losing money, attempting to buy up every developer under
> the sun...
>
>
> P.s..You can keep Rockstar, their games are stail(and they suck!)
Funny that because with Metroid Prime, Mario and Zelda all enjoyed good pre-order sales where are they now in the Charts the answer is they only managed 1 week in the top spot hardly a success as I have said all along Nintendo need to start developing games that people want to play in this Millenium not the last., the gamers of today have moved on and want to play games like GTA VC and the Getaway not Mario and Zelda and the proof is there for all to see.
Psyİho Fox wrote:
> Oh Top Score it looks like you need to get your 20 year old girlfriend
> to push start your Lexus and to also change your diapers.
*slaps Psyİho Fox around the face*
In fact
*Delivers a full-on punch to Psyİho Fox's face*
You're not American, don't try to be American or sound American.
Got it?
Good.
:c)
> Oh Top Score it looks like you need to get your 20 year old girlfriend
> to push start your Lexus and to also change your diapers.
*slaps Psyİho Fox around the face*
In fact
*Delivers a full-on punch to Psyİho Fox's face*
You're not American, don't try to be American or sound American.
Got it?
Good.
:c)
Ho-hum. Jealousy is funny isn't it?
I expect you'd cry if I told you Nintendo make more profit than Sony and Microsoft, year after year. Well - they do. And d'you know what? Nintendo fans* don't really feel the need to broadcast it. Because we're content with our excellent selection of games.
*I'm a Ninty that owns all consoles. Hmm..
I expect you'd cry if I told you Nintendo make more profit than Sony and Microsoft, year after year. Well - they do. And d'you know what? Nintendo fans* don't really feel the need to broadcast it. Because we're content with our excellent selection of games.
*I'm a Ninty that owns all consoles. Hmm..
What a coward, he olf posts twice in the forum and once we get going with the insults he dissapears from the topic altogther. What a Loser.
Oh Top Score it looks like you need to get your 20 year old girlfriend to push start your Lexus and to also change your diapers.
Fiery Salamander wrote:
> Topscore you sad muppet no one cares about numbers and sales figures.
Ditto. I've really had enough of people. "Ooh, we sold 10 more units than you.."
Nobody carrrrrrrres
> Topscore you sad muppet no one cares about numbers and sales figures.
Ditto. I've really had enough of people. "Ooh, we sold 10 more units than you.."
Nobody carrrrrrrres
Topscore you sad muppet no one cares about numbers and sales figures.
Oh, and,( i don't know if this has been said), but nintendo is the only company actually making a profit from there hardware, sony and microsoft are losing money, attempting to buy up every developer under the sun...
P.s..You can keep Rockstar, their games are stail(and they suck!)
P.s..You can keep Rockstar, their games are stail(and they suck!)
Topscore iz da man i thik he da man bcuz he haz da PS2 and iz so kool.
I love you Top score.
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