80°

Nintendo's first-half profit falls 59 percent, cuts forecast

TOKYO, Oct 29 (Reuters) - Nintendo Co Ltd reported a 59 percent decline in first-half profit on Thursday, hurt by sluggish demand for its flagship Wii videogame console and the strong yen, and it slashed its full-year forecast.

Nintendo, which faces stiff competition in the videogame market from Sony Corp, and Microsoft Corp, said operating profit was 104.4 billion yen ($1.2 billion) in the April-September half, compared with 252.2 billion yen a year earlier.

Nintendo cut its operating profit forecast for the year to March 2010 by nearly a quarter to 370 billion yen, ending a three-year run during which it booked a record profit on booming demand for its Wii console and DS portable device.

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uk.reuters.com
ABizzel15286d ago

And the sad part is that the Wii is still selling as much as the PS3 and 360. But so much for your high horse Nintendo the kids and the nanna's all got you so come back down to earth.

cheapndirty5286d ago

In other news...Nintendo still makes more money than Sony and MS own gaming divisions even after the slide.

raztad5286d ago

Honest question: How do you know that?

crck5286d ago (Edited 5286d ago )

It would be hard for Nintendo not to. Take Uncharted 2 and Super Mario Bros Wii for example. I wouldn't be surprised if Nintendo spent 1/8th of what Sony and Naughty Dog spend on Uncharted 2. I mean SMBW could probably be made on the SNES. Yet SMBW is going to probably sell at least double what Uncharted 2 does. Lets face it Nintendo lives the easy life. Everyone including reviewers just give them a pass on story, presentation and graphics for their games. Its a double standard where Nintendo gets a free ride on just about everything and only gets judged on gameplay. While other companies and games have to bring it all or they get marked down. Can you imagine how Uncharted would have been ridiculed if they replaced all the voice work with written text and changed all the voices to beeps like Nintendo's games? They would have been laughed out of the review offices.

Shendow5286d ago

Maybe more then Microsoft, but not Sony, Sony owns to many things.

cheapndirty5286d ago (Edited 5286d ago )

Well, if you study the sum of all of the quarterly reports for this year it will be obvious that as of the most recent quarterly filings ,that Nintendos YTD profit is higher than MS and Sony's gaming divisions. Of course, we are about to end another quarter so something MIGHT change. I can provide you links and other detailed information if you wish.

I follow Sony, MS, and Nintendo from the financial angles. Since so many of you on n4g.com are oblivious to what is really going on with Sony here is a nice link for you from none other than Sonyinsider.com

http://www.sonyinsider.com/...

Sony is struggling as a whole. Some of their divisions are making them money but that is all erased when the others division bring it down.

nycredude5286d ago

Cheapndirty

Dude you don't need a link to find that out. We are in a world wide recession and people usually don't buy high end electronics during recessions.

In other news, Lehman is gone, the market crashed, investor confidence is down... blah blah blah.. All american companies are begging for taxpayer money... Real Estate sucks, Housing boom is dead.. blah blah blah...

Thanks for the tremendous insight but who the hell cares?! This thread isn't about SOny or MS, it's about Nintendo. Why are you bringing all that other crap up? Oh I get it just another stealth Hater. Either that or a closet Wii fan..

"Who are you to decide what the gaming community should and should not be? I await an intelligent response."

Seriously, are you a Nintendo spokeperson or something?

cheapndirty5286d ago (Edited 5286d ago )

I will respond to you even though it is obvious you did not read my first post to understand why I did the response.

Nintendo is shining this generation of consoles in terms of profitability. In spite of that most people on this site refuse to mention Nintendo in any other way other than in a negative fashion. Look at the comments..sore losers waiting for Nintendo to fall, refusing to give credit where credit is due. If your reading comprehension skills were up to par you would have deduced that. Guess not today.

You lost all credibility with this comment "Dude you don't need a link to find that out. We are in a world wide recession and people usually don't buy high end electronics during recessions". You are clueless, just like many of the others here. So if 'people usually don't buy high end electronics during recessions" is accurate why did Sharp just post a PROFIT? They are also a Japanese company and have to deal with the strength of the yen like Sony? http://www.etaiwannews.com/...

And to further clarify how ridiculous your thought process is have this: http://www.moneynews.com/co...
Samsung just posted record profits. Samsung and Sharp sell many of the same 'high end electronics that people don't usually buy in a recession' that Sony sells.You can not explain with anything other than 'I am another obnoxious n4g ignoramus and post crap better than I think'.

I am not partial to one company or another, but am partial towards keeping the facts straight. And judging by your posting history that is something that you cant not seem to get right too often. Your post here is the latest proof.

sikbeta5286d ago

lol kid, and what you gain knowing that, N pays you with that money, obviously they get money because never take any risks and never make a Mature game, Man Mario is getting so old that make Halo so new and fresh lol

cheapndirty5286d ago (Edited 5286d ago )

Nintendo does not take risks? That is entertaining. The Wii was expected to fail with Motion controls. In fact, most third partys were slow to develop for the Wii because they did not expect it to do well.

For those that actually followed Nintendo before the Wii launched, know that most people were skeptical about the Wii even having a chance.

Motion controls were a HUGE RISK for Nintendo. You can only say otherwise because of hind sight. Nintendo bet the console farm on motion controls and won big. That sounds like the biggest risk taker compared to 'more of the same Sony and MS'.

sikbeta5286d ago (Edited 5286d ago )

One Risk in like what 2 generations (N64 - GC), and after being first in the 8 + 16 Bits Era, If It was for Ninentedo we still be playing with cartridges games

That's why I always support Playstation like every real gamer 3 consecutive Generations and you want to know why Nintendo don't take any risk anymore:

KingKionic 5286d ago

Nintendo took the biggest risk in History and in return became more wealthy .

Nintendo to a risk to test the casual crowd and it paid off immensely .

Imagine if Nintendo was wrong about motion controls .

THey would have been bombed into the ground .

Nintendo is the kind of company that plants seeds then other companies follow
.

sikbeta5286d ago (Edited 5286d ago )

Blind motion control fanboy, now Nintendo is the only one that take risk, delusional at is best

Motion Control is a Plus for games but is not the main core for the game itself

How far you can experience gaming with the wii, the Gamecube is 100 times better than your lovely motion console and that console had the power to rival the PS2, but this Gen they took one risk and became so popular, but what they bring to gamers, motion Mario, motion Zelda (the most respectful franchise owned by Nintendo, what a shame)

Everyone always expect those franchises from a N console and then what, Resident Evil 4, GOD open your eyes, this Gen they don't bring nothing to you

KingKionic 5286d ago

Games are suppose to be fun .

There are a lot fun games on the wii . Also more mature ones .

Nintendo said that they will focus a lot more on the hardcore .

They do have hardcore titles...they dont sell as amazing as there competition though .

Shendow5286d ago

I was more of the lines saying Sony is bigger an got more money because they own alot more then Nintendo does, if you knew how to read, then you would know what I said.

If Sony games an the PS3 start doing bad, they got movies, cds and much more to fall back on to support them and Nintendo doesn't really have that kind of support.

Plus Wii sales aren't doing as good as they use to, that just means the Wii is done for this year because everyone wants HD gaming and the two other systems got that an PS3 has the controller.

cheapndirty5285d ago (Edited 5285d ago )

I need to learn how to read? Below is your comment:

" was more of the lines saying Sony is bigger an got more money because they own alot more then Nintendo does, if you knew how to read, then you would know what I said.

If Sony games an the PS3 start doing bad, they got movies, cds and much more to fall back on to support them and Nintendo doesn't really have that kind of support. "
Those are your words that you posted after I PROVED that even with 'more money' and 'movies,cds,and much more to fall back on' Sony still lost money AGAIN this quarter. Somehow you think that when a company has its hands in many pies that will always lead to profitability. Not always the case. It often leads to exposure to losses.

I simply stated that Nintendos sales can drop but will still be more profitable than Sony or MS.

And to you SIKBETA: You contradict your own posts so I wont even bother responding to you. You fit in very well with many of the ng4 regulars. And what is funny about you, you clueless fanboy, is that you never bought the launch ps3. I would at least respect and validate your fanboyism and overlook your ignorance if you at least supported your beloved Sony at launch.

+ Show (11) more repliesLast reply 5285d ago
v1c1ous5286d ago

they now make only bajillion gazillion dollars in profits :(

I am Legend5286d ago (Edited 5286d ago )

*single tear falls across face*

PotNoodle5286d ago

Everyone who wanted a wii now has wii, and thanks to the PS3 and 360 price cuts.. people are looking towards them.

The wii was great for the games industry, it was a gateway drug for many soon to be gamers who now want a 360 or PS3.

Show all comments (31)
100°

Delta, a new all-in-one Nintendo emulator launches for iOS

The new Nintendo-focused emulator for the iPhone is now available with support for several classic systems.

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overkill.wtf
jznrpg1d 4h ago

How long until they get sued and it gets taken down? I say a month or 2

PRIMORDUS1d 4h ago

Sued for what? It's just an emulator no ROMs are with it. ROMs are easy to get anyway, but with iPhone you can't just copy and paste like Android unless it's jail broken I think. Anyway Nintendo should be more concerned with their ROMs up to torrent for years for all of their concoles, but then again they can't do nothing about it, they never will and I love it. 🤣

NotoriousWhiz1d 1h ago

As long as it isn't emulating the Switch, it'll be fine.

RonnySins1d 2h ago

Naaah! Don't want to waste time emulating on iPhone.

Knightofelemia1d ago

Won't belong before Nintendo bangs on Apple's door to have the emu removed. Like I say you take down one six more take it's place. Problem is people are putting emu's on such stupid platforms. The good emus are the ones not on stupid platforms like a red target. The good emu's are word of mouth and keep a low profile.

130°

70 percent of devs unsure of live-service games sustainability

With so many games fighting for players' attention and interest losing out over time, time sink games are at risk of eventually losing steam.

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gamedeveloper.com
thorstein2d ago

It was worrisome to begin with.

It's a niche genre with only a handful of hits that can stand the test of time.

Cacabunga1d 10h ago

I like the sound of that!! I will for sure never support these gaas games.
Sony must be shocked at gamer's reaction, making them cancel a few of these and hopefully go back to the good heavy hitters they had us used to..
now bring on that PSPro reveal and show us some SP 1st party awesomeness.

CrimsonWing692d ago

What’s to be unsure of!? Look at the ratio of success to failure!

DarXyde1d 13h ago

It's pretty ridiculous.

Imagine having a breadth of data at your disposal to see the statistically low success rate of these games, only to be laser focused on the exceptional case studies.

shinoff21832d ago

Yes. Stop all the live service bs.

jznrpg2d ago

Only a few will catch on. You need a perfect storm to be successful in GaaS and a bit of luck on top of that. But a potential cash cow will keep them trying and some will go out of business because of it.

MIDGETonSTILTS172d ago

Helldivers 2 manages just fine…

Keep production costs low… don’t just make custscenes until the mechanics and enemies are perfected first.

Make so much content that you can drip extra content for years, and the game already feels complete without them.

Most importantly: make weapons, enemies, levels, and mechanics that will stand the test of 1000 hours. This might require more devs embracing procedurally generated leveled, which I think separates Helldivers 2 from Destiny’s repetitiveness.

Show all comments (15)
60°

The Battle Pass Is The Worst Thing To Happen To Modern Gaming

Nameer from eXputer: "Some exceptions aside, I don't think the battle pass is a net positive for gaming with how they're implemented in most live service titles."

got_dam2d ago

Battle passes AND meta gaming both.

DivineHand1252d ago (Edited 2d ago )

I like the way Helldivers 2 does battle passes. It allows you to make purchases on each level of the battle pass and gives you the option of choosing which item to unlock first. The more purchases you make using medals the further you progress. There is no timer and you can earn medals towards purchasing stuff via personal orders and Major orders.

I haven't played much live service games that have battle passes but I remember some games that have battle passes where you progress through it linearly using an exp system. What makes it really bad is that the battle pass will have like 50 or more levels with the cooler stuff being closer to the end. They also have an in-game shop that sells exp boosters so you can reach the end of the pass before it refreshes. Everyone ilse will have to grind their way through.

lucian2292d ago

battle pass in fortnite is perfect; buy one and it buys the rest for every other season as it gives you more money than the first cost. so 8.50 and season ends with you getting 13.00, it pays for the next and you have some pocket change to save up for cash shop. All of which is optional