Nintendo not doing so well

TheGame · 04-08-2003, 04:31 PM

http://cube.ign.com/articles/392/392735p1.html

"April 07, 2003 - Bloomberg reports that Nintendo's full-year profits have fallen by 38 percent due to lagging sales of its next-generation GameCube console. The company's net income was still 66 bill yen, or about $547 million.
Nintendo's projection that 10 million GameCubes would be sold by March 31, 2003 went unmet. The company had only sold 5.6 million GCNs by that period. Microsoft has sold more than eight million Xbox systems around the world since the console's release, according to Bloomberg.

GameCube software sales totaled 44.5 million copies, well shy of Nintendo's 55 million target.

"GameCube sales were bad worldwide," Chief Financial Officer Yoshihiro Mori told reporters in Osaka.

Nintendo blamed the sluggish performance of GameCube and its software to rising popularity of such PlayStation 2 titles as Grand Theft Auto.

More as it develops."

Jonbo298 · 04-08-2003, 04:39 PM

Wow, I'm surprised. (I have this feeling that will be quoted

) I hope the free game deal picks Nintendo back up and that Zelda helps it keep it on 2 legs.

TheGame · 04-08-2003, 04:44 PM

Zelda should...

Nintendo's sales forcasts are looking lke Sega's, pretty sad.

DarkMaster · 04-08-2003, 04:53 PM

this just in! Nintendo is losing profit!

in other news, the Sun rose today

Perfect Stu · 04-08-2003, 04:55 PM

the whole free game thing will boost hardware sales somewhat...but they're still giving away a free game. Microsoft has the money and the mindset to lose quite a bit of money with the XBox for now, with a financial "180" to take place in the coming years. Is Nintendo willing to do something like that to keep GC sales at a reasonable level?

Crash · 04-08-2003, 05:15 PM

you ever notice that a lot of people have xbox's but no software? working at a store, people will buy the xbox but no accessories and no games... they get jet set and sega gt, so microshafts profits probably suck. i mean, i have 2 xbox's but only halo and ghost recon... go figure, i have about 20 gamecube games.

Dyne · 04-08-2003, 05:28 PM

Quote:

Originally posted by Crash
you ever notice that a lot of people have xbox's but no software? working at a store, people will buy the xbox but no accessories and no games... they get jet set and sega gt, so microshafts profits probably suck. i mean, i have 2 xbox's but only halo and ghost recon... go figure, i have about 20 gamecube games.

*cough hacked modded burned cough cough*

That's one thing with Nintendo. They make money for every single game that's bought for their system, whereas on Xbox and PS2 you can burn discs after modding the system. There's probably loads of sales lost there.

Or, casual gamers are just idiots. Yeah, I'd take the latter.

TheGame · 04-08-2003, 05:33 PM

Quote:

Originally posted by Dyne
*cough hacked modded burned cough cough*

That's one thing with Nintendo. They make money for every single game that's bought for their system, whereas on Xbox and PS2 you can burn discs after modding the system. There's probably loads of sales lost there.

Maybe... but it seems not to be hurting Sony in any noticeable way.

Last gen there was much more burning and hacking than there is now. Sony still came out on top/

Perfect Stu · 04-08-2003, 05:54 PM

Quote:

Originally posted by Dyne
*cough hacked modded burned cough cough*

That's one thing with Nintendo. They make money for every single game that's bought for their system, whereas on Xbox and PS2 you can burn discs after modding the system. There's probably loads of sales lost there.

Or, casual gamers are just idiots. Yeah, I'd take the latter.

true...I guess that would explain why XBox and PS2 software sales are so low...

oh wait

One Winged Angel · 04-08-2003, 06:54 PM

Actually... X-Box has been foing worse. The system costs more to make and comes with 2 games. I have a feeling Microsoft won't give another go at this.

PS2 is most likely going to be crowned king of the this gaming generation.

Joeiss · 04-08-2003, 07:01 PM

Quote:

Originally posted by One Winged Angel
I have a feeling Microsoft won't give another go at this.

I will bet you 800 dollars that your statement here will be false.

GameMaster · 04-08-2003, 07:37 PM

That's only in the money market mind you.

In the fun factor market, Nintendo has increased levels of happiness and joyfulness 83%. Suicide has dropped 23%. And murders have gone down 32%. Kids are also showing less care and concern for school and giving more attention to having fun, essentially what life is all about.

I'd say Nintendo is getting medieval all over Sony and Microsoft's rear ends.

Joeiss · 04-08-2003, 07:45 PM

Wow, you truly are a loser... lol.

DeathsHand · 04-08-2003, 07:50 PM

Quote:

Originally posted by GameMaster
That's only in the money market mind you.

In the fun factor market, Nintendo has increased levels of happiness and joyfulness 83%. Suicide has dropped 23%. And murders have gone down 32%. Kids are also showing less care and concern for school and giving more attention to having fun, essentially what life is all about.

I'd say Nintendo is getting medieval all over Sony and Microsoft's rear ends.

Thank you, GameMaster, you've raised the forum's rainbow power 36%, happiness and giggling in the streets is up 80%, and the forecast for today is fabulous with a 100% chance of bright colors and joy.

GameMaster · 04-08-2003, 07:59 PM

Don't thank me, I'm just doing my job.