Gizmondo: Success or Failure?

[shams]

Gizmondo - Absolute failure.

(that takes care of the question in the thread title...).

...

I never took this thing seriously. The main reason for that, was because I knew it was up against Nintendo (and Sony - was the PSP announced/coming at this stage?).

To launch a device like this properly requires hundreds of millions of dollars. They didn't have even a fraction of it, and it was doomed to absolute failure from the start.

The economics behind handhelds/consoles are always based on large numbers, and economies of scale. You HAVE to set out to sell millions of the devices - not thousands. R&D, tooling, manufacturing, software development, marketing (etc....) all cost an absolute shiteload. The only way you will get this money back, is to produce and sell MILLIONS of the devices (how many million Playstation devices did Sony sell last year, and STILL managed to make a huge loss?).

I would have loved to see their financial books on this one. They would have burned through money as fast as.... that Ferrari crashed!