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I am being misunderstood.
The fact that nintendo is in bad bad shape and the fact that the ds and wii are doing terrible right now is not disputable. Those are facts that nintendo themselves provided.
But the 3ds (regardless of what nintendo has said) the numbers have been fairly solid when you consider it launched during a non holiday, the price was outrageous, and its putting up the same numbers as the ds regardless.
The fact that nintendo is in bad bad shape and the fact that the ds and wii are doing terrible right now is not disputable. Those are facts that nintendo themselves provided.
But the 3ds (regardless of what nintendo has said) the numbers have been fairly solid when you consider it launched during a non holiday, the price was outrageous, and its putting up the same numbers as the ds regardless.
@DasPooch
Well, the story is a bit more complicated than that.
You see, Sony was planing to screw up nintendo with the CD deal; they would get all the licensing rights on CD games, AND they would get to develop and seel a stand-alone SNES/CD hybrid. They were literally going to steal Nintendo's bussiness from under their feet.
Legendary Imperial fiend Hiroshi Yamauchi found out, and decided tup buttrape Sony instead, by keeping the facade that they were negotiating, then humiliating them publicly by switching to Philips in the last second.
Yamauchi would rip your heart out with his bare hands, cook it with his sight, feed it to his dogs, force your wife to clean up the blood with her tounge while your children watch and call them pathetic and week for crying, and wouldn't bat an eye.
...but he donated some millions to fight cancer, so he's cool.
Well, the story is a bit more complicated than that.
You see, Sony was planing to screw up nintendo with the CD deal; they would get all the licensing rights on CD games, AND they would get to develop and seel a stand-alone SNES/CD hybrid. They were literally going to steal Nintendo's bussiness from under their feet.
Legendary Imperial fiend Hiroshi Yamauchi found out, and decided tup buttrape Sony instead, by keeping the facade that they were negotiating, then humiliating them publicly by switching to Philips in the last second.
Yamauchi would rip your heart out with his bare hands, cook it with his sight, feed it to his dogs, force your wife to clean up the blood with her tounge while your children watch and call them pathetic and week for crying, and wouldn't bat an eye.
...but he donated some millions to fight cancer, so he's cool.
"But the 3ds (regardless of what nintendo has said) the numbers have been fairly solid when you consider it launched during a non holiday, the price was outrageous, and its putting up the same numbers as the ds regardless."
Yep. If current projections hold, it will only make 840 million dollars less than expected. AWESOME!
Yep. If current projections hold, it will only make 840 million dollars less than expected. AWESOME!
<img class="aligncenter size-full wp-image-172" title="oie_2917458xK4BeRhT" src="http://gameplayflicks.blog.com/files/2011/07/oie_2917458xK4BeRhT1.gif" alt="" width="341" height="207" />
Saw that gif of the DSlite printing money, and decided to make one for the 3DS
Saw that gif of the DSlite printing money, and decided to make one for the 3DS
@killias
Did I say nintendo was in a good position?
NO
But 3ds sales at 4.5+ million are not bad for the amount of time.
Did I say nintendo was in a good position?
NO
But 3ds sales at 4.5+ million are not bad for the amount of time.
@El Conrado - LOL.. nice. Yeah, I know there was a lot more to it, but the public humiliation (especially when done by one Japanese company to another) really stood out to me.
Like I said. I cant argue with the fact that nintendo is in a world of hurt financially.
But in terms of purely the numbers of the 3ds, the 3ds isnt doing nearly as bad as its made out to be
But in terms of purely the numbers of the 3ds, the 3ds isnt doing nearly as bad as its made out to be
"Did I say nintendo was in a good position?
NO
But 3ds sales at 4.5+ million are not bad for the amount of time."
You keep dancing around the central issue here. The 3DS is underperforming relative to expectations. The drop in projected profits? The 840 million dollar drop in 3DS revenue certainly didn't help.
You know why real expectations matter? Because that's what motivates stock markets. You can see stock market prices as being largely about expectations of annual profits. When these expectations go down, then the stock value drops, and the company becomes less valuable. Expectations also represent the company's central plan moving forward. All kinds of things are tied to long-term plans. Selling short of expectations may cause major problems for these long-term plans.
Nobody cares about how the 3DS is doing compared to the Gameboy or to the old Tiger handhelds or even Game and Watch. People care about how it's doing NOW relative to EXPECTATIONS. It is performing BELOW EXPECTATIONS, which is costing Nintendo 840 MILLION DOLLARS of EXPECTED REVENUE.
NO
But 3ds sales at 4.5+ million are not bad for the amount of time."
You keep dancing around the central issue here. The 3DS is underperforming relative to expectations. The drop in projected profits? The 840 million dollar drop in 3DS revenue certainly didn't help.
You know why real expectations matter? Because that's what motivates stock markets. You can see stock market prices as being largely about expectations of annual profits. When these expectations go down, then the stock value drops, and the company becomes less valuable. Expectations also represent the company's central plan moving forward. All kinds of things are tied to long-term plans. Selling short of expectations may cause major problems for these long-term plans.
Nobody cares about how the 3DS is doing compared to the Gameboy or to the old Tiger handhelds or even Game and Watch. People care about how it's doing NOW relative to EXPECTATIONS. It is performing BELOW EXPECTATIONS, which is costing Nintendo 840 MILLION DOLLARS of EXPECTED REVENUE.
@killias2
I am not dancing around any issue. According to nintendo they missed the unit sold mark by 400k. Thats all theyve said regarding there expectations.
The 3ds in terms of units sold. Is doing pretty good. And that should keep up. When nintendos price bounces back like it always does. I hope you will repeat your stock price stuff. FYI when the ds and wii came out there stock price tanked. But then it went back up
And people do care how its shaping up next to the ds just like how people cared how the ps3 was shaping up against the ps2
I am not dancing around any issue. According to nintendo they missed the unit sold mark by 400k. Thats all theyve said regarding there expectations.
The 3ds in terms of units sold. Is doing pretty good. And that should keep up. When nintendos price bounces back like it always does. I hope you will repeat your stock price stuff. FYI when the ds and wii came out there stock price tanked. But then it went back up
And people do care how its shaping up next to the ds just like how people cared how the ps3 was shaping up against the ps2
From what I can gather, Nintendo has cut income expectations by roughly 1.7564 billion dollars. There is some confusion about this, but that seems to be a very rough estimate. Of this, about 800 million-1 billion comes from changes in the 3DS expectations. Most of the problem is that the 3DS is underperforming relative to expectations.
"The 3ds in terms of units sold. Is doing pretty good. And that should keep up. "
Are you a broken record?
The 3DS is going to make Nintendo 800 million to 1 billion dollars less than expected. It makes up the lionshare of the gigantic cut in Nintendo's profit expectations. It's lack of sales has led to a 1/3rd price cut, as well as pay cuts for top executives. Nintendo only hopes to meet expectations by drastically cutting back profitability. There is simply no world where this is good news.
Are you a broken record?
The 3DS is going to make Nintendo 800 million to 1 billion dollars less than expected. It makes up the lionshare of the gigantic cut in Nintendo's profit expectations. It's lack of sales has led to a 1/3rd price cut, as well as pay cuts for top executives. Nintendo only hopes to meet expectations by drastically cutting back profitability. There is simply no world where this is good news.
expectations and reality are different. Thats the point.
I want to see at the 6 month mark of the 3ds with the price cut in effect for those last 2 months. If sales will improve. Thats the test
I want to see at the 6 month mark of the 3ds with the price cut in effect for those last 2 months. If sales will improve. Thats the test
Like I said its not good news for nintendo.
But in the long run if the 3ds performs. Thats whats important.
But in the long run if the 3ds performs. Thats whats important.
"expectations and reality are different. Thats the point."
Stealth knows nothing about economics.
"I want to see at the 6 month mark of the 3ds with the price cut in effect for those last 2 months. If sales will improve. Thats the test"
I expect that Nintendo will be able to sell these damn things at 170 dollars. I don't understand how that's a test of anything, however. Nintendo is not doing nearly as well as they expected, nor as anyone expected.
I guess it comes down to this. Everybody (Nintendo included) created a benchmark for judging the success of the 3DS. It has demonstrably failed to reach this benchmark. If you go ahead and act like we should be using any number of other benchmarks, then, yes, I'm sure you can act like it's a success. I heard the 3DS sold more than the Game Gear! That must mean it's a gigantic success!
However, moving the benchmark doesn't help Nintendo's financial situation. In economics, expectations are king, and Nintendo has shit the bed.
Stealth knows nothing about economics.
"I want to see at the 6 month mark of the 3ds with the price cut in effect for those last 2 months. If sales will improve. Thats the test"
I expect that Nintendo will be able to sell these damn things at 170 dollars. I don't understand how that's a test of anything, however. Nintendo is not doing nearly as well as they expected, nor as anyone expected.
I guess it comes down to this. Everybody (Nintendo included) created a benchmark for judging the success of the 3DS. It has demonstrably failed to reach this benchmark. If you go ahead and act like we should be using any number of other benchmarks, then, yes, I'm sure you can act like it's a success. I heard the 3DS sold more than the Game Gear! That must mean it's a gigantic success!
However, moving the benchmark doesn't help Nintendo's financial situation. In economics, expectations are king, and Nintendo has shit the bed.
"4.5+ million sold in 4 months during non holidays are phenomenal numbers."
A loss of 840 million dollars in expected revenue, that's phenomenal?
A loss of 840 million dollars in expected revenue, that's phenomenal?
I seem to know more about finance and reading these forecasts than most people.
Your right nintendo as a company isnt doing well. That has alot to do with the ds and wii which tanked in terms of shipped units.
The 3ds is actually the bright spot on the forecasts. Nintendo did not hit the unit sold benchmark by 400k. This was the only benchmark (that we know about) On more than one occasion theyve said the actual sales and units sold of the 3ds have been good. But like any company they want to keep improving. Analsyst have said the same thing. Some even going so far as to proclaim the 3ds the top selling system of japan for the rest of the year.
The price needed to change. And now it has. And lets see where the 3ds goes from here.
Like different analysts have said patcher, jesse. Lets wait until the holidays and see what happens.
Your right nintendo as a company isnt doing well. That has alot to do with the ds and wii which tanked in terms of shipped units.
The 3ds is actually the bright spot on the forecasts. Nintendo did not hit the unit sold benchmark by 400k. This was the only benchmark (that we know about) On more than one occasion theyve said the actual sales and units sold of the 3ds have been good. But like any company they want to keep improving. Analsyst have said the same thing. Some even going so far as to proclaim the 3ds the top selling system of japan for the rest of the year.
The price needed to change. And now it has. And lets see where the 3ds goes from here.
Like different analysts have said patcher, jesse. Lets wait until the holidays and see what happens.
"Your right nintendo as a company isnt doing well. That has alot to do with the ds and wii which tanked in terms of shipped units.
"
Roughly 800 million to 1 billion of the drop in profit expectations is due to the underperforming 3DS. That's the lionshare of the drop in profit expectations.
"
Roughly 800 million to 1 billion of the drop in profit expectations is due to the underperforming 3DS. That's the lionshare of the drop in profit expectations.
"If you say so"
It's pretty easy math. 16 million in originally projected sales. 4 million so far, at the original expected price. 12 million which will come at the new, lower profit. That's a difference of 80 dollars (roughly) per unit. 12 million times 80 dollars is 840 million. This ignores the fact that the price drop is even bigger in Japan than it is here, and that Japan is actually a larger market for the 3DS than the U.S. thus far.
It's pretty easy math. 16 million in originally projected sales. 4 million so far, at the original expected price. 12 million which will come at the new, lower profit. That's a difference of 80 dollars (roughly) per unit. 12 million times 80 dollars is 840 million. This ignores the fact that the price drop is even bigger in Japan than it is here, and that Japan is actually a larger market for the 3DS than the U.S. thus far.
Nintendo makes lots of money. Sure it's losing a lot with this failed 3DS initial campaign and must fix it immediatly, being the price cut the first step.
As a huge fan, I feel bad for Nintendo, but also I feel a little upset that my 3DS isn't receiving all the love (software) it was promised.
Like you "said", Jim, Nintendo is not perfect.
As a huge fan, I feel bad for Nintendo, but also I feel a little upset that my 3DS isn't receiving all the love (software) it was promised.
Like you "said", Jim, Nintendo is not perfect.
Well as far as I am concerned. If the 3ds can continue to sell like it is. There wont be anything to worry about in the future.
And according to iwata thats really what the price drop was about. Protecting themselves against being the same price as vita.
And according to iwata thats really what the price drop was about. Protecting themselves against being the same price as vita.
Oh no, the guy who wipes his ass with more money than I'll ever see in my lifetime is going to lose a little bit. Cry for the plight of the super rich.
Good on the execs for taking the paycut though. I wish that was a practice they did here in the west, instead of laying off the lowest paid workers and embezzling their pensions and benefits.
Good on the execs for taking the paycut though. I wish that was a practice they did here in the west, instead of laying off the lowest paid workers and embezzling their pensions and benefits.
Guy's who don't really need the money losing lots of it, while hard working people are getting gouged by their former companies?
Why should we really care about this again?
Why should we really care about this again?
I just paid $22.87 for an iPad2-64GB and my girlfriend loves her Panasonic Lumix GF 1 Camera that we got for $38.76 there arriving tomorrow by UPS. I will never pay such expensive retail prices in stores again. Especially when I also sold a 40 inch LED TV to my boss for $675 which only cost me $62.81 to buy. Here is the website we use to get it all from, BidsOut.cÔm
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