Eurogamer: The recession will hit the Wii first.

[BornFirst.]

Erik Aston said:
This argument is so weird, because its talking about past and current events and basically saying they may play out differently when they happen, as if they are something in the future.

The recession has hit. Despite record revenue, a lot of the gaming industry is in a panic. Some folks I guess haven't been paying attention, but EA, Take-2, Sony, THQ and others are in deep trouble, not to mention all the independant developers in danger of closing shop. And companies like Activision and Microsoft, which still look pretty solid, suddenly look less solid then just a few months ago.

Nintendo dropped their profit forecast because Japan is in an all-out gaming decline, which they have failed to address. And they have a major problem with the strong Yen, and their revenue being driven by high price items like Wii, Wii Fit and DS, in America and Europe. But compared to most of the industry, they're sitting pretty right now.

So some are still trying to say "the recession will hit the Wii first," when the recession has already hit everyone, and Nintendo is in one of the best positions of all.

And really, the "recession" is just the net result of bad decisions. The gaming companies in decline right now made bad decisions, and the cascade of the recession makes the impact of those decisions hit sooner.

Qouted for truth