Nintendo posts first ever loss

[VectorX]

Ouch. I don't have a link to it, since it was on Yahoo, which their news stories disappear pretty quickly, but I'm sure it's all over the place...

I think they lost over $400 million (U. S.), their first ever loss after being in business for several decades. Well, the latter part of that statement is pretty good, at least...

First off, though, in regards to any Wii detractors of "Wii sux! The graphics are outdated and its profits have been going down for the last few years!", etc., well, first off, its several years old. Also, Nintendo FINALLY did what the other two big companies (Sony, Microsoft) have been doing all along: lose money. That's right, MS spent $1 billion (U. S.) fixing their crappy-assed XBoxes the other year. And don't bother defending that either, with "well at least they did all that!", nope, they shouldn't have had to in the first place. And buying a console and having to spend $150 a year (or whatever it is) for an extended warranty? Ridiculous. And Sony had been losing money on their PS3s for a while too; might still be, I don't know.

Granted, I'm not a Nintendo fanboy as it is, as I don't have any of their products: the family has a Wii, not me, and I still need to get a GBA I have no plans on going back and getting anything before those consoles (I have more than enough going on as it is!). I agree they need to get stuff in gear (although the article did mention the 3DS' sales have climbed a bit recently) and not having a lot of their stuff being so family-friendly/kiddie-looking at times. I don't know how the Wii U next year is going to do. And of course it doesn't mean Nintendo is suddenly going to disappear either. I just don't want them to end up like Sega (no new consoles) or even Atari (hopefully not, as they still have a way to go before that happens).

Time will tell I guess...

[gliptitude]

heh, another old thread i will respond to out of boredom and lack of vectrex activity... Nintendo = fun and = quality as far as i am concerned. I think it is unfortunate that their business has gravitated to mostly just the consoles themselves, as opposed to software. Their were so many good games for the NES, including a higher volume of Nintendo titles. ... I think (or maybe you could just call this fact) that a large part of what made the NES such a gratifying universe is that everyone had one, and that it was the premier console for so long, that it was just feasible for so many good games to be produced. (But unlike Atari 2600 days, the industry was discriminating enough to have a sense of quality control.) These days the consoles themselves are so competetive, that it seems like they are constantly starting over, as far as gaming goes. Nintendo seems lost in novelty, while the other companies seem to strive for POWER, and nobody, including consumers, is much concerned with quality or fun, just power. ... At some point I imagine technological progress will cease to be a major factor in video gaming, as it has already amounted to something other than progress in gaming itself.

[VectorX]

Mar 12, 2012 11:10:08 GMT -5 gliptitude said:

heh, another old thread i will respond to out of boredom and lack of vectrex activity...

Well, there's more to these forums than just the Vectrex!

Mar 12, 2012 11:10:08 GMT -5 gliptitude said:

I think it is unfortunate that their business has gravitated to mostly just the consoles themselves, as opposed to software.

They might be down to just software in a few years (like Sega) if things continue to go downhill for them. Hopefully not; they might rebound, but giants (such as Sega and Atari) have fallen before...

Mar 12, 2012 11:10:08 GMT -5 gliptitude said:

(But unlike Atari 2600 days, the industry was discriminating enough to have a sense of quality control.)

Well, the video game industry was still really new then (and still isn't very old to this day, even), as with ignorants trying to blame Atari for Custer's Revenge (when they didn't make that game), times were bound to change with that anyway.

Mar 12, 2012 11:10:08 GMT -5 gliptitude said:

Nintendo seems lost in novelty, while the other companies seem to strive for POWER, and nobody, including consumers, is much concerned with quality or fun, just power.

Yeah. I think the upcoming Wii U is going to be more powerful, but it could be a lost cause for Nintendo. We'll just have to see.