How? How did they achieve this? Nintendo being good with money is my guess...
| vivster said: With this dire financial situation it's of course understandable(and defendable) that it was absolutely impossible for Nintendo to have even a slight loss on their hardware. With a company in those dire straits it's just not feasible to increase the value your consumer gets from your expensive devices. God, I hope someone opens a kickstarter soon enough to help this struggling company from certain doom. |
Or people interested in Nintendo's devices could just wait for prices to come down eventually?...
| KLAMarine said: How? How did they achieve this? Nintendo being good with money is my guess... |
The vast vast amount of money from the Wii and DS, with the years as a whole overall since then being still profitable and then the new high influx of income from the Switch is the cherry on top.
Green098 said:
The vast vast amount of money from the Wii and DS, with the years as a whole overall since then being still profitable and then the new high influx of income from the Switch is the cherry on top. |
Makes sense... Wii and DS were monsters.
RolStoppable said:
But it's wrong. Nintendo had cash reserves in the billions before the Wii and DS. Nintendo built up their warchest with the NES and the reason why they maintain it is that the entertainment industry is volatile and you can never be sure if a new console catches on. The cash reserves allow Nintendo to weather the storm and regroup in order to try again at 100% strength. |
...If you say so...
I'm too damn lazy to check.
Yes let's look at what this is and not just say Nintendo is the biggest and best immediately!
As some people have pointed out this is cash holdings ONLY. Do companies like Toyota and Sony have way more assets - YES- but that is not liquid cash. Nevertheless Toyota and Sony are much bigger through sheer size of capital and stock value.
Also why is Nintendo holding so much cash!?
Any business or accounting undergrad would tell you that it behooves a business to INVEST the cash instead of having it sit and not work for you. Every Yen not being put into Fzero 3d or SSB Frenzy is not helping the company earn money. For example we know what happens when Nintendo sits back and doesnt make games for a system no matter how bad it is:-/
it's probably just in case they had to pay off a mediocre Switch launch
29,193 
This is a strange ranking. Generally speaking, the significance of companies is not based upon their cash on hand. In fact, sitting on a ton of cash can, in some cases, mean the company is doing something wrong. Businesses exist to create value for shareholders. Sitting on giant piles of cash is not a very good way to do that.
| Shadowcat said: Yes let's look at what this is and not just say Nintendo is the biggest and best immediately! As some people have pointed out this is cash holdings ONLY. Do companies like Toyota and Sony have way more assets - YES- but that is not liquid cash. Nevertheless Toyota and Sony are much bigger through sheer size of capital and stock value. Also why is Nintendo holding so much cash!? Any business or accounting undergrad would tell you that it behooves a business to INVEST the cash instead of having it sit and not work for you. Every Yen not being put into Fzero 3d or SSB Frenzy is not helping the company earn money. For example we know what happens when Nintendo sits back and doesnt make games for a system no matter how bad it is:-/ it's probably just in case they had to pay off a mediocre Switch launch |
Nintendo few time said they are always looking to have big cash reserve, that's basically from Yamauchi time. Also Nintendo never had any debt and had only 2-3 years of loss in their entire history that.
Something smells fishy, Last year profits
Toyota ¥2310 billion (2016)
Nintendo ¥102 billion (2016)
from a 2017 article
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