| shams said: For those interested, here are some tidbits from the financial report... (jeez I love reading this stuff :>). - R&D expenses for next 12 months will increase by approx 20% (to almost 400mUS?) - Marketing expenses for next 12 months will increase by approx 10% to (?? this can't be right - I keep getting 780m US, which has to be wrong... :? Or maybe not??). - Last year Nintendo made approx 210mUS of exchange currency gains. This year they have already factored in a LOSS of 200m US losses. - Nintendo took approx 20mUS sales of playing cards/Karuta(?) - Total employees will grow to approx 3,300 - Nintendo are opening up a new Korean subsidary (to have 21 subsidiaries & 8 affiliates) (all exchanges done at 115yen to 1US)
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The R&D costs seem reasonable because they will continue to attempt to reduce the manufacturing costs of the Wii and Nintendo DS, work on the DS' successor (due out in 2009 as a guestimate) and work on the Wii's successor (due out in 2011 as a guestimate)
The total marketing costs are also pretty typical (IIRC there was $500,000,000 spent in 2002 for the GBA and Gamecube) being that they have to release dozens of games worldwide while still actively marketing two major consoles.
The one I find interesting is the Korean Subsidary. I read a few years ago that Nintendo has typically been handled by an insane company (with ties to organized crime) in South Korea; this meant that Nintendo products were rarely sold in reputable stores and the typical place to find a Gameboy or Gamecube was in a flea maket. Meanwhile, there always apeared to be a demand for these products as retailers would report that they would deal with dozens of people every week who were looking for these products that were not really available. This should be interesting to see how a well handled console sells in the land of PC gaming.
