NYANKS said:
You seem like you know a decent amount about financials, so I was just wondering how well Nintendo can handle losses like that. I know it has lots of cash reserves, but any insight would be cool. |
It's nothing going forward if they can get themselves out of this rutt (which to be entirely fair isn't solely down to them)
However this time it's going to take more than to just plod along making small profits like the Gamecube days, I imagin GBA was keeping them in good profits then (as it sold a lot lot better than Gamecube) but if Nintendo's handheld isn't picking up the slack, then WiiU needs to be killer.
They also have the Yen situation which they didn't have back then.
I think (and would be happily proven wrong) the difference between it being ok for Sony to lose billions and not Nintendo is not only is Sony not a gaming only company, but there has always seemed to be some sort of light at the end of the tunnel for them, not just talking about profits and revenues and all that jazz, but the overall business, I guess having lots of products can do that though, they're still not in the best of shapes. But with Nintendo they only have their consoles to fall back on, and with the 3ds (arguably) doing .. not very well right now (I disagree to a point) and with WiiU not going to take off like the Wii (although it might still great) this is why Nintendo's future looks bleak.
The skinny of it imo, Nintendo can't afford to sit in cruise control like they did the gamecube era and make moderatly decent profits, not only will most of that be wiped away by the strong yen situation but who wants to invest in a company going nowhere?
What are Nintendo's cash funds? I keep hearing $10B being floated about, if they've lost 1.3B in the last 6 months, it kinda puts that figure into perspective.
I'm sure Nintendo will sail through fine though, but people barking at people for thinking they're lunatics for thinking Nintendo isn't in a bad shape Vs prior years, need to shut up.
