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Old 05-07-2014, 09:13 AM   #1
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Nintendo posts loss and lowers Wii U projections.....again(

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Nintendo's latest financial report shows that they are announcing a loss of 23.2 billion yen for the year, or about $229 million. The problem is that the Wii U and 3DS failed to meet sales targets. The Wii U in particular is still negatively affecting profits.

Nintendo admits that the Wii U "still faces a challenging sales situation." They fell just short of their projections for the console, shipping 2.72 million units for the fiscal year. Overall, they're way under their original projection several more million units, with the lifetime number sitting at just under 6.2 million. They've dialed down the estimates for next year to 3.6 million units. They plan to "focus on efforts that seek to stimulate the platform." Mario Kart 8 and Super Smash Bros. should help a bit.

The 3DS is okay, as expected. Last year, the dual-screened portable was good to Nintendo, with Pokemon X/Y (12.26 million) and Animal Crossing: New Leaf (total 7.66 million) doing well for them. But even the 12.24 million 3DS units shifted last year still fell below targets.

I still think Nintendo's book probably look better than Sony's.
SOURCE - http://www.destructoid.com/nintendo-...s-274444.phtml

yeeaaahhh.....still not looking too hot.

MK8, SSBU and E3 is definitely going to Make-it-or-break it for Wii U
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Old 05-07-2014, 09:36 AM   #2
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Looks like Iwata is getting the boot come June.
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Old 05-07-2014, 09:45 AM   #3
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Quote:
Originally Posted by Brandyn View Post
Looks like Iwata is getting the boot come June.
Where did it say that
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Old 05-07-2014, 09:52 AM   #4
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It's just speculation. I imagine investors aren't pleased. It's noble of him to take pay cuts as opposed to firing people but that will only do so much. And he will be on the chopping block in June during the investor's meeting. I think it is time for him to bow out, anyway. Not to say the Wii U's situation is entirely his fault but I think it is time for someone new who is willing to take more risks and has foresight.

Just my opinion.
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Old 05-07-2014, 10:06 AM   #5
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Quote:
Originally Posted by Brandyn View Post
It's just speculation. I imagine investors aren't pleased. It's noble of him to take pay cuts as opposed to firing people but that will only do so much. And he will be on the chopping block in June during the investor's meeting. I think it is time for him to bow out, anyway. Not to say the Wii U's situation is entirely his fault but I think it is time for someone new who is willing to take more risks and has foresight.

Just my opinion.
Nothing changed since the last meeting and you can't honestly think sales numbers would. It takes more than a few months go release games, and Nintendo especially aren't going to rush them months ahead. They just changed their advertising approach aiming towards the western audience, but that won't change everything over night. I still say wait till MK8/E3 before considering his retirement. Retiring would just cause a lot of internal problems anyway :/

I think will have to take more than MK8 and Smash bros to make the Wii U even barely successful at this point though. I do hope they have a whole lot up their sleeves at e3.




edit: nintendo is DOOMED!!!!!
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Old 05-07-2014, 10:42 AM   #6
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I really doubt Iwata is going anywhere. Once the Wii U get's MK8 & SSB, it'll be fine. More first party titles will come out over the coming year and soon everyone will own a Wii U. Nintendo shouldn't be doubted, they made 1 mistake in my eyes (VB) and the rest may not have sold the most, but they were never in trouble.
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Old 05-07-2014, 10:45 AM   #7
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While I'm not expecting them to get rid of Iwata(I don't know how stockholders work in Japan), but I do believe heads are going to start rolling at the Nintendo headquarters
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Old 05-07-2014, 12:01 PM   #8
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I hope the Wii U makes it, but I doubt they'll get all of the sales they need just from MK8 and SSB. They'll need some good titles/announcements for E3, but I believe they'll deliver on that.
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Old 05-07-2014, 01:33 PM   #9
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Hello yes Pokemon Ruby and Sapphire remakes called. They've got 3DS covered. Oh and Smash Bros and MK8 are on the line too.

Enough Nintendoomed speeches. Really now.
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Old 05-07-2014, 01:46 PM   #10
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You gotta remember he's also in charge of 3DS like dara said and that's HUGE
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