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Fri, Jun. 6, 3:58 PM
- Struggling to cope with soft Wii U sales, Nintendo (NTDOY) has decided to close its European HQ (based in Großostheim, Germany). 130 workers will be laid off, and Nintendo will now run its European ops out of its Frankfurt office.
- The move comes after Nintendo reported a $229M net loss for the fiscal year ending March '14. Wii U sales totaled only 2.72M during the year (far below an initial forecast of 9M), and just 310K in the final quarter. By contrast, Sony sold 7M PS4 units in the console's first 5 months of availability.
- Nonetheless, Nintendo forecasts a ¥40B ($390M) profit for the current fiscal year. Wii U sales are expected to total 3.6M, and 3DS sales12M.
Fri, Jan. 17, 3:48 AM
- Nintendo (NTDOF) has warned that it expects an operating loss of ¥35B ($336M) for the fiscal year through March instead of a profit of ¥100B, as the company had previously forecast. Analysts predict ¥54.7B.
- Nintendo also projects a net loss of ¥25B vs a previous outlook for a profit of ¥55B, and it has cut its revenue estimate by 36% to ¥590B. The company will pay an FY dividend of ¥100 instead of ¥260.
- Nintendo said the dramatic reversal was due to much lower-than-expected sales of its Wii U and 3DS games machines during the holiday season. That might have something to do with the success of Sony's (SNE) PlayStation 4 and Microsoft's (MSFT) Xbox One, both of which were launched in the run up to Christmas.
- Nintendo now expects FY Wii U sales of 2.8M instead of 9M and 3DS sales of 13.5M vs 18M. The firm also cut its software outlook. (PR here and here.)
Tue, Jan. 7, 3:06 AM
- China's State Council has temporarily lifted a 14-year old ban on the sale of foreign computer-gaming devices, opening the way for Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOF) to enter a market that was worth almost $14B in 2013.
- "Foreign-invested enterprises" will be allowed to sell machines made in Shanghai's new free trade zone.
- However, Nintendo expressed skepticism at the ruling, saying it's not much different from when China's government said in September that it planned to relax the ban. "This just means one step of the process has been taken," Nintendo said.
- Foreign consoles have long been sold illegally in China, although online PC gaming is more popular.
Dec. 3, 2013, 3:35 PM
- Nintendo (NTDOY -3.9%) is on the cusp of another Wii U sales disappointment, Bloomberg reports.
- In Oct., President Satoru Iwata stated the console and game maker would meet its forecast of ¥100B in profit and 9M Wii U units sold. Analysts have been skeptical, seeing ¥57B in profit and sales of 6.2M units instead.
- Sparing no words, Wedbush's Michael Pachter said, "[Nintendo] steadfastly refuse[s] to consider that the product is not interesting to consumers ... They will fail to hit 9 million, and they will likely miss their profit goals."
- In the first nine months of the year, the company sold only 850K units. Games sales are lagging as well, with 6.3M units sold in the same period vs. the company's annual forecast of 32M units. Nintendo already cut the price of the Wii U by $50 in an effort to bolster sales back in Aug.
Nov. 4, 2013, 12:17 PM
- Nintendo (NTDOY +0.2%) will roll out a smaller version of its now-retired Wii console called the Wii Mini in the U.S. in the next 2 weeks. It will be priced at $99.99, and buyers will get a copy of Mario Kart Wii for free. The move comes before the important holiday season.
- Previous: Nintendo jumps through window left by console lull before launches
Oct. 21, 2013, 1:52 PM
- Nintendo (NTDOY) officially ends production of the Wii, the console that ended up outselling both the Xbox 360 and Playstation 3 with worldwide shipments of ~100M, to focus on the Wii U, whose sales have been decidedly lackluster (albeit improving).
- Previous: Nintendo to cut the cord on the Wii in Japan
Oct. 18, 2013, 4:45 PM
- Sept. sales results from NPD show that Nintendo (NTDOY.PK) has taken advantage of the lull before Sony and Microsoft debut next gen consoles next month. The 3DS was the top-selling device (handheld and console) for the 5th straight month while sales of the Wii U have tripled thanks to a price cut and the release of "Legend of Zelda: Wind Walker HD."
- Although the spurt may be short-lived, the data demonstrates how different Nintendo's uptake pattern is to those of Sony and Microsoft. Rather than "the high impact splash and 'Day One' madness that Xbox and Playstation releases tend to generate, both the 3DS and Wii U have benefited from the long game, gaining sales over time through the release of high-profile exclusive software titles and strategic price cuts," GigaOM observes.
- The niche strategy is high-risk, but also may help Nintendo carve a place for itself in a market where 2 other titans square off and counteract each other as almost perfect substitutes.
- Nevertheless, shares of Nintendo are down 19% from highs notched in July after the company was skipped over for inclusion in the Nikkei 225, an event on which speculators had driven shares higher.
Nov. 7, 2012, 4:01 AMA Chinese safety standards body has granted a certification of quality to Sony's (SNE) PlayStation 3, prompting speculation that China may overturn its ban of gaming consoles. However, consultant Lisa Hanson points out that any repeal is the purview of the Ministry of Culture, and even if the ban is ended, Sony, Microsoft (MSFT) and Nintendo (NTDOF.PK) would face huge competition from online and mobile games. | 1 Comment
Sep. 25, 2012, 3:53 AMAT&T (T), Verizon (VZ), Comcast (CMCSA) and Time Warner Cable (TWC) are looking to provide heavy duty video games - such as those from EA - to TVs over their cable infrastructure, Bloomberg reports. The move would provide another major threat to console makers such as Sony (SNE) and Microsoft (MSFT), adding to that from smartphone games. However, operators still need to get the technology right. | 9 Comments
Jun. 5, 2011, 6:11 AMNintendo (NTDOF.PK) joins the list of companies targeted by hackers, although while its U.S. unit was breached, the company says no personal or company information was lost. Meanwhile, Sony (SNE) has been attacked again, with a hacker claiming to have stolen 120 names and passwords from its Europe website. | Comment!
May. 4, 2011, 5:51 PM
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