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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 year—GameCube 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 this—the 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 year—GameCube 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 this—the 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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I think your maths are correct, Ashley.
and if my maths are correct that leaves the obvious alternative.......
so wot? I alwaes add 2 and 2 and coem up wiv infinity squared.
Nintendung is still ghey and Mario is for girlz rofl!!!!
Nintendung is still ghey and Mario is for girlz rofl!!!!
Get it right, parody man!
It's nin(i)tendo- Less funny, you see-Taking the jip more.
It's nin(i)tendo- Less funny, you see-Taking the jip more.
I'm not reading Toop Scores posts ever again.
Once he stops being a retard I think I may start again.
Once he stops being a retard I think I may start again.
cipro wrote:
> Top score wrote:
> The trouble with Ninty fanboys is they all live in their own little
> world cocooned from the real world that everyone else lives in.
>
> This coming from someone who likes to pretend he owns a Lexus and has
> a 19 year old girlfriend!!! Talk about irony.
My girlfriend is now 20 so you got that wrong and she loves being driven around in my Lexus. The closest you will ever get to driving one is on the Getaway.
> Top score wrote:
> The trouble with Ninty fanboys is they all live in their own little
> world cocooned from the real world that everyone else lives in.
>
> This coming from someone who likes to pretend he owns a Lexus and has
> a 19 year old girlfriend!!! Talk about irony.
My girlfriend is now 20 so you got that wrong and she loves being driven around in my Lexus. The closest you will ever get to driving one is on the Getaway.
I'm 15 and am getting an Audi TT for my first car...just a matter of me being able to afford the insurance lol. My parents are going to pay for the car if I pay for the insurance and driving lessons and the insurance for a learner driver in an Audi TT is emmm expensive:S
Top score wrote:
> My girlfriend is now 20 so you got that wrong and she loves being
> driven around in my Lexus. The closest you will ever get to driving
> one is on the Getaway.
Is she called Rosy Palm?
> My girlfriend is now 20 so you got that wrong and she loves being
> driven around in my Lexus. The closest you will ever get to driving
> one is on the Getaway.
Is she called Rosy Palm?
No, she's called Britney Spears.
Or at least, she may as well be.
Or at least, she may as well be.
Top score wrote:
> The trouble with Ninty fanboys is they all live in their own little
> world cocooned from the real world that everyone else lives in.
Think you'll find most just don't care. Woah, a company whose games I like made a little less money that expected... what do I care? You seem to be the one who lives in a little fantasy world where stuff like this matters and everybody is still 8, deciding if Mario could beat up Sonic or vice-versa.
> The trouble with Ninty fanboys is they all live in their own little
> world cocooned from the real world that everyone else lives in.
Think you'll find most just don't care. Woah, a company whose games I like made a little less money that expected... what do I care? You seem to be the one who lives in a little fantasy world where stuff like this matters and everybody is still 8, deciding if Mario could beat up Sonic or vice-versa.
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