Thx Mpl90
You're welcome.
Ah, btw, no communication about hardware being shown at E3 = no new console being announced at E3 (i.e. brand new consoles; revisions can happen). It also means that the QOL platform first details shouldn't be at E3.
Thx Mpl90
Nintendo's cash disappeared because of a one time expense of $1bn to buyback Yamauchi's shares. If it wasn't for that, we wouldn't be discussing the warchest depletion.
So are they betting on the NFC? I saw a mention of it in the press release. Seems like that at least would use the gamepad for... for something
Wii U at 6.17m shipped, forecast of 3.6m for the coming year. Q4 shipment of 0.31m. 2013/14 shipment, 2.72m vs 2.8m forecast
no i think that's twilight princess
It is...but even though NSMBU was bundled with the system at one point, I'm positive it sold over 1 million stand-alone copies as well. Hell, I'm pretty sure it sold over 2 million.Holy fuck...
Does this mean that Super Mario 3D world is the only retail game on Wii U to hit over a million units that wasn't ever a pack-in or bundled?
Nintendo will seek to supply high quality games on a continuous basis.
I'm sorry, I just skimmed the topic so far: how much reserve cash has Nintendo burned through thus far, and how much do they have left? Is that reported?
Oh joy. Yet another year of worse-than-expected Operating Losses, and yet another year of Iwata promising to make the next year profitable.
And yet again, I will refuse to vote to re-elect Iwata.
forecast of 3.6m for the coming year
oh i just saw the part where they're forecasting a $400,000,000 operating income, and $200,000,000 net income
I'm sorry, I just skimmed the topic so far: how much reserve cash has Nintendo burned through thus far, and how much do they have left? Is that reported?
Oh joy. Yet another year of worse-than-expected Operating Losses, and yet another year of Iwata promising to make the next year profitable.
And yet again, I will refuse to vote to re-elect Iwata.
does this mean australia will finally get their first official pricecut? lol
When is this actually going to start? I think it was in January when Iwata said that starting with MK8 we'd see a steady flow of software. Yet here we're close to its release and it's the only Nintendo developed game on the Wii U that even has an actual date for the rest of the year. Where's Bayonetta 2, X, Yarn Yoshi, SMT x Fire Emblem etc?
It's not surprising that they can't gain any real traction with the Wii U when people don't know what's coming up next. And especially what's coming up next seems to be months away from the last major release.
When takes the Q&A place?
That's more interesting.
They didn't "burn through" any of it. They had to use it to buyback shares the Yamauchi family were selling.
When takes the Q&A place?
That's more interesting.
Nintendo REALLY stumbled with their HD development. It's actually really hard to watch, they have a shit-ton of talent locked up in those development halls, but as a company they were totally unprepared.
I understand people saying not to panic about the reduction in cash assets due to the buyback, which is a one-off thing, but the R&D expense isn't a one-off. It's a direct result of
a) The increasing cost in terms of time, money and manpower to make Nintendo games. Necessitating more people, more buidlings, more everything. And
b) The failure of the Wii U demanding that they put a huge push behind whatever's next, whether that's QoL, a new console, the 3DS successor or whatever. They need something new to spark sales, and they need it now. Thus the huge expense to get it up and running.
That massive R&D expense isn't some act of god. It's there at that large amount for specific reasons, and the reasons aren't particularly good for Nintendo, even if the outcome of expansion and development end up beneficial.
Cash and equivalents down from $4.7bn to $3.4bn, a drop of $1.3bn over the year.
They've gone from $10.5 billion in june 2012
http://www.gamesradar.com/nintendo-doomed-not-likely-just-take-look-how-much-money-its-got-bank/
to $3.4 billion now.
Going by predictions... Nope, no price cuts.
When takes the Q&A place?
That's more interesting.
When is this actually going to start? I think it was in January when Iwata said that starting with MK8 we'd see a steady flow of software. Yet here we're close to its release and it's the only Nintendo developed game on the Wii U that even has an actual date for the rest of the year. Where's Bayonetta 2, X, Yarn Yoshi, SMT x Fire Emblem etc?
It's not surprising that they can't gain any real traction with the Wii U when people don't know what's coming up next. The only game right now with any sort of timeframe other than 2014 is Smash Bros, and some speculate that it won't hit until next year.
The other ~$6 billion went somewhere, from the "$10.5billion warchest" from june 2012 that was still being quoted by people up to recently, whether you like it or not.
Shiet, so they only sold around 3m this past year? WTF
I understand people saying not to panic about the reduction in cash assets due to the buyback, which is a one-off thing, but the R&D expense isn't a one-off. It's a direct result of
a) The increasing cost in terms of time, money and manpower to make Nintendo games. Necessitating more people, more buidlings, more everything. And
b) The failure of the Wii U demanding that they put a huge push behind whatever's next, whether that's QoL, a new console, the 3DS successor or whatever. They need something new to spark sales, and they need it now. Thus the huge expense to get it up and running.
That massive R&D expense isn't some act of god. It's there at that large amount for specific reasons, and the reasons aren't particularly good for Nintendo, even if the outcome of expansion and development end up beneficial.
You do realise where that cash went, right? It had nothing to do with Iwata being a bad CEO.
http://www.nintendo.co.jp/ir//pdf/2014/140507.pdf
It's in Japanese.
Key information:
Operating loss 46.4bn Yen, Net loss 23.2bn Yen.
Wii U at 6.17m shipped, forecast of 3.6m for the coming year. Q4 shipment of 0.31m. 2013/14 shipment, 2.72m vs 2.8m forecast
- Software at 32.28m, forecast of 20m for the coming year. 2013/14 software shipment, 18.86m vs 19m forecast
3DS at 43.33m shipped, forecast of 12m for the coming year. Q4 shipment of 0.59m. 2013/14 shipment, 12.24m vs 13.5m forecast
- Software at 162.92m, forecast of 67m for the coming year. 2013/14 software shipment, 67.89m vs 66m forecast
Cash and equivalents down from $4.7bn to $3.4bn, a drop of $1.3bn over the year.
http://www.nintendo.co.jp/ir//pdf/2014/140507e.pdf - English link.
They've gone from $10.5 billion in june 2012
http://www.gamesradar.com/nintendo-doomed-not-likely-just-take-look-how-much-money-its-got-bank/
to $3.4 billion now.
Wii U Unit Sales (Unit: Million)
Code:Code: Hardware Ap-Jn Jl-Sp Oc-Dc Ja-Mr FY LTD FY 2012/13 - - 3.06 0.39 3.45 3.45 FY 2013/14 0.16 0.30 1.95 0.31 2.72 6.17 Software Ap-Jn Jl-Sp Oc-Dc Ja-Mr FY LTD FY 2012/13 - - 11.69 1.73 13.42 13.42 FY 2013/14 1.03 5.27 9.66 2.9 18.86 32.28
3DS Unit Sales (Unit: Million)
Code:Code: Hardware Ap-Jn Jl-Sp Oc-Dc Ja-Mr FY LTD FY 2010/11 - - - 3.61 3.61 3.61 FY 2011/12 0.71 2.36 8.36 2.10 13.53 17.13 FY 2012/13 1.86 3.20 7.65 1.24 13.95 31.09 FY 2013/14 1.40 2.49 7.76 0.59 11.65 [B]42.74[/B] Software Ap-Jn Jl-Sp Oc-Dc Ja-Mr FY LTD FY 2010/11 - - - 9.43 9.43 9.43 FY 2011/12 4.53 3.60 19.91 7.96 36.00 45.42 FY 2012/13 7.39 11.64 20.53 10.05 49.61 95.03 FY 2013/14 11.01 16.37 29.87 10.64 67.89 162.92
There's likely about 300K in the North American retail channel already. And Europe/Other simply does give a crap about the system in general. April-June is typically a very slow quarter so I don't know really see Mario Kart increasing sales by enough to double the Wii U quarterly shipment rate. I don't think 3.6 is really conservative so much as realistic. I wouldn't be surprised really if it didn't hit that target at this point.Nintendo is being extremely conservative indeed with their hardware and software sales at the exception of 3DS HW for FY15.
Nintendo should be able to achieve the above results. Furthermore, I'm also anticipating Q1 Wii U hardware shipments to be between 700-800k as well; a good beginning for the year on the back of Mario Kart 8.
Analysts on average expect the following: Nintendo will book an operating profit of Y29.58 billion for the current fiscal year ending March 2015.
Holy shit, finally Nintendo realises how much of a failure the WiiU is. 3.6 million for an entire year, especially when this is going to be the peak year for the WiiU is damning. However, I think its a realistic expectation. Maybe. Its up YOY in US but down YOY in JP. It basically depends on how much MK and Smash can move.
3DS.....12 million next year when its declined 50% in Japan, and severely in the West as well. What are you smoking Nintendo. I think its safe to say the 3DS won't reach PSP hardware sales at this point. The software sales are pretty amazing though.
Also what? Their war chest is now at $3.4 billion? That can't be right?
Honestly? I don't.
HOLY SHIT.
They've gone from $10.5 billion in june 2012
http://www.gamesradar.com/nintendo-doomed-not-likely-just-take-look-how-much-money-its-got-bank/
to $3.4 billion now.
QuoteIn June 2012, it was at $4bn
It went down from $7bn in March 2011 due to similar things
http://www.nintendo.co.jp/ir/pdf/2012/120426e.pdf
Holy shit, finally Nintendo realises how much of a failure the WiiU is. 3.6 million for an entire year, especially when this is going to be the peak year for the WiiU is damning. However, I think its a realistic expectation. Maybe. Its up YOY in US but down YOY in JP. It basically depends on how much MK and Smash can move.
3DS.....12 million next year when its declined 50% in Japan, and severely in the West as well. What are you smoking Nintendo. I think its safe to say the 3DS won't reach PSP hardware sales at this point. The software sales are pretty amazing though.
Also what? Their war chest is now at $3.4 billion? That can't be right?
While I agree with the Wii U part... lol, 3DS has a lot of opportunities to reach PSP hardware sales and go even beyond.
Nintendo's worse than expected Operating Losses were due to inventory write-downs (I'm thinking unsellable Wii Us), very weak net sales, and burgeoning R&D expenses.
On the other hand, mainly due to the balance of deferred tax assets reduced in relation to the losses carried over in the United States, there is a net loss of 23.2 billion yen
Sure, but you better lose money because of expension or share buyback than lose money solely because of hardware sales.
As far as I'm concerned, I think that it's time for Nintendo to work right now on the next batch of hardware, and to get an ecosystem ready. Otherwise, they're just done.