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200°

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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Community4489d ago
MultiConsoleGamer4489d 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.

Squatch834489d 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.

Emmettcelticfan4489d ago

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

Silly gameAr4488d ago (Edited 4488d 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?

Knightofelemia4489d 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.

zeroreloaded4489d ago

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

urwifeminder4489d ago (Edited 4489d 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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80°

Game Developers Have Begun Confirming Nintendo Switch 2 Support

Game developers have already started to confirm that they will support the Nintendo Switch 2 with their future titles.

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80°

How Many More Victims, Like Garry's Mod, Will Nintendo's Hurtful Crusade Create?

Hanzala from eXputer: "As Nintendo takes out 20 years' worth of stuff from Garry's Mod, I watch in shock, thinking why it continues to hurt and discourage its fans."

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RiseNShine9d ago (Edited 9d ago )

The irony that some of the most disgusting business practices come from companies like Disney or Nintendo, i can't even begin to understand what terrible damage was Garrys Mod making to Nintendo bottom line, imho they're getting pretty nervous about where they're heading in the future, handhelds are no longer something exclusive to Nintendo, from Steam Deck to many others, now you can play the latest games and pay a fraction of the price on Steam sales, so it's up to their exclusives, which just on their own would make hard to justify purchasing a closed overpriced hardware with outrageous price policies (Super Mario Odyssey is still 60 euro 6 years later!), and as a home console they're always underperforming compared to Sony or Xbox.

gold_drake9d ago (Edited 9d ago )

i cam guarantee you, that their exclusives alone is what drives switch sales. they sell in the 10s of millions of copies.

nintendo created their franchises to be sort of nostalgia driven, exclusive only on nintendo.

people will always buy the pkmn games as they always bring in new younger fans amd is family friendly

mario kart, the same thing, mario games in general.

zelda games are system sellers. animal crossing for the casual gamers.

nintendo doesnt need third vame devs essentially. they made sure with the switch and the limitations that they looked more to pc ps and xbox.

its sad, but nintendo is more than fine with what they're doing. they positioned themselves to appeal to the more casual gamers.

but to your point, im not sure why they're doing this rly.

Inverno9d ago

Look at how they handled Nintendo games being streamed or uploaded on YouTube in the past. They killed Yuzu and Citra even when they had nothing to do with ToTK being leaked, not to mention it was basically unplayable on emulation the week it was leaked. Smash Bros tournament, that was fairly recent. They shut down their online services without any care for purchases made. I bought a switch after skipping their last 2 consoles and handhelds but I don't plan on buying anything Nintendo in the future. They take things to the extremes, they legitimately hate their fans. They're honestly right up there with the likes of Acti, EA, and Ubi, only difference is that they disguise themselves as being family friendly all the while being shady.

80°

Nintendo's Massacre Of The 3DS And Wii U Is Finally Complete, Regrettably

Hanzala from eXputer: "The cruel hammer of Nintendo has fallen. Farewell, 3DS and Wii U, you surely brightened my life and many others; you won't be forgotten."

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