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Forums - Nintendo Discussion - Please, For The Love of God, Stop Saying Nintendo is Doomed (article)

 

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Still doomed 38 49.35%
 
Since 1889 39 50.65%
 
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this site is about sales and numbers and I'm a biased Nintendo fangirl, so this article is great.

"It's Nintendo financial results day! Which of course means that, as happens several times a year, armchair Internet pundits are once again forecasting the inevitable and swift demise of the most enduringly, consistently successful and profitable company in the history of video games. It has no basis in fact.

Having written about how Nintendo is not in fact doomed by any stretch of the imagination about 47 times over the past 10 years, this now makes me so frustrated that Nintendo Results Day puts me in a furious mood by default. My colleagues have dug special fox-holes and have been hiding in them all day. So, instead of expounding at length the exact same facts and arguments as in 201220132014 and so on for years, allow me to briefly summarise:

  • As of this morning's statement, Nintendo has about $5bn in cash in the bank. That's not even counting property and its many other assets and bonds, which altogethertotal over $10bn
  • At this rate, Nintendo could lose hundreds of millions every quarter for years and still be fine for a long time
  • It's not actually losing money at the moment, though - Amiibo, the currency markets, and various other things have kept it in a healthy profit for the majority of the past several years despite the Wii U's very weak sales
  • Nintendo makes vastly more money from selling its own games and on its own hardware than it would from "going third-party", as people have been bafflingly demanding since the days of the Gamecube - as a result it would never make sense for Nintendo to do so
  • People who say Nintendo should give up on its core business - console manufacture - and place its games on other systems are fundamentally misunderstanding Japanese business culture. Nintendo might make more money that way (unlikely, but possible), but it would not be building a platform for its future
  • Nintendo has lost money in - I think - about 11 quarters, ever, in its 100-year plus history, which hardly classifies it as a company in dire straits
  • Nintendo has sold hundreds of millions of games and consoles in the past decade, which although not in any way a guarantor of future success flies right in the face of the "Nintendo's been in terminal decline for ages" nonsense that seems to follow every single Nintendo financial report
  • Nintendo is selling far less than its competitors right now. That does not necessarily mean that it is a failing company. Nintendo has always been careful to keep its profit margins on hardware high, which means it has made money from even modest sales of its less successful consoles, the GameCube included.

So, please, stop saying Nintendo is doomed. PLEASE STOP before I fling myself out of a window. Complain about its games if you like, get upset about the Zelda delay, remark how the company has been in need of modernising for a while and would do well to fully embrace YouTube, the Internet and everything else that comprises current gaming culture, but PLEASE STOP saying it's about to go bust. It's not.

 

By Keza Mcdonald

 

http://www.kotaku.co.uk/2016/04/27/please-for-the-love-of-god-stop-saying-nintendo-is-doomed



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Nintendo's not doomed but there's plenty to indicate their home console business is.



Soundwave said:
Nintendo's not doomed but there's plenty to indicate their home console business is.

Never count Nintendo out, history lesson 101.



Well the best thing i can say about Nintendo is that they aren't losing money, thanks to amiibos and 3DS sales, but Wii U is still nearly a complete fail, with lost of revenue and marketshare



onionberry said:
Soundwave said:
Nintendo's not doomed but there's plenty to indicate their home console business is.

Never count Nintendo out, history lesson 101.

I'm not counting them out, but there's no magic fairy that prevents them from failing either. NX could very well fail, the Wii U and GameCube did, and the Wii had a lot of serendipity going for it. They are not in a very good position right now and I don't think their Japanese management group is particularily well equipped to understand the current console market which is largely now an American/European thing.



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Ever since a few articles worth of thews, this site has been plagued with more and more "Nintendo's in deep trouble", "Nintendo is doomed" type threads over and over again and it's just becoming monotonous. Doesn't help that we've also been getting a load of PS4k/Neo threads to top it all off, before that it was a bunch of PSVR, it's like I leave the site for a day or nearly a week and come back to find a single topic or single piece of tech being spammed all over the place like it's a super slow news week or something, it's just getting to be that bad.



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I didn't even know it was that time of the year already! Nintendo Doom threads are a-go. Time to start pointing fingers, fingers not being used for motion controls and tablets.

Seriously though, Nintendo ain't going anywhere, anytime soon. They could use with some fresh blood in the company but they got too much of a legacy to just die out after one extraordinarily poor performance on a console.



"Trick shot? The trick is NOT to get shot." - Lucian

I honestly don't know if I'm more tired of "Nintendo is doomed" threads or "OMG NINTENDO IS NOT DOOME DSHUPUP!!11!" threads. The amount seems pretty close.

Regardless of that, did someone really write that "Nintendo could lose hundreds of millions every quarter for years and still be fine for a long time"? Because, no, they would not be fine if they did that. People really need to stop saying that.



Wii years have been very good to them not just in terms of console sales numbers but also in returns. Those days are over and I think NX will help them get back on track of moving hardware.



Not financially doomed. Still doomed though.



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