By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Sales Discussion - Nintendo Q1 Results

Erik Aston on 28 July 2011

This is awesome news for old school Nintendo fans.

Reggie will be fired following the holiday season. Sometime between January-April.

It's still probably too early to guess when Iwata is fired. It could be soon if there's any behind-the-scenes debacle with Wii U, but if the wheels are in motion for Wii U launch, then I don't think he can be fired until Wii U has been given a fair shot.



"[Our former customers] are unable to find software which they WANT to play."
"The way to solve this problem lies in how to communicate what kind of games [they CAN play]."

Satoru Iwata, Nintendo President. Only slightly paraphrased.

Around the Network
o_O.Q on 28 July 2011
menx64 said:
Ail said:

Terrible results.
Sales down 50% compared to same 3 months 1 year ago...

The forecast for the whole year was updated and is now terrible
They only expect to make 35 billion of yen for the whole year, down 80% compared to the previous year...

The whole year forecast was by the way changed drastically, this is not a small adjustment, original forecast was 175 billion of yen of profit.

Watch tomorrow as the stock tanks to new depth......

Starting the bets on how long Iwata gets to keep his job...

 

Now that we have results for all 3 console makers it is probably time that the analysts on this site change their usual song of the this gen is over, sales are going down the drain to another.

Something like Nintendo is crashing and burning but sales related to HD consoles are actually holding steady..........

 

Interesting thing by the way if you look at the publishers results.

Those the most invested in Nintendo platforms are the ones that had the worse results ( Ubisoft, THQ).

EA which is much less present on Nintendo relatively actually had a better quarter than a year ago.......

 yeah, fire the guy who is responsible of making nintendo to make more money this gen alone than what sony has done with the playstation family, yes including the almighty PS2...

lol he didn't mention playstation... so why bring it up?



Declan on 28 July 2011

Well Nintendo's only release for its current biggest system was Wii Play: Motion. You can't expect great results when that's the situation.



haxxiy on 28 July 2011
Ail said:
menx64 said:
Ail said:

Terrible results.
Sales down 50% compared to same 3 months 1 year ago...

The forecast for the whole year was updated and is now terrible
They only expect to make 35 billion of yen for the whole year, down 80% compared to the previous year...

The whole year forecast was by the way changed drastically, this is not a small adjustment, original forecast was 175 billion of yen of profit.

Watch tomorrow as the stock tanks to new depth......

Starting the bets on how long Iwata gets to keep his job...

 

Now that we have results for all 3 console makers it is probably time that the analysts on this site change their usual song of the this gen is over, sales are going down the drain to another.

Something like Nintendo is crashing and burning but sales related to HD consoles are actually holding steady..........

 

Interesting thing by the way if you look at the publishers results.

Those the most invested in Nintendo platforms are the ones that had the worse results ( Ubisoft, THQ).

EA which is much less present on Nintendo relatively actually had a better quarter than a year ago.......

 yeah, fire the guy who is responsible of making nintendo to make more money this gen alone than what sony has done with the playstation family, yes including the almighty PS2...


At the CEO level you don't get to keep your job based on what you did 5 years ago.

But based on what you are doing now...


So true. Nintendo isn't a damned museum to live out of the past.



 

 

 

 

 

menx64 on 28 July 2011
haxxiy said:
Ail said:
menx64 said:
Ail said:

Terrible results.
Sales down 50% compared to same 3 months 1 year ago...

The forecast for the whole year was updated and is now terrible
They only expect to make 35 billion of yen for the whole year, down 80% compared to the previous year...

The whole year forecast was by the way changed drastically, this is not a small adjustment, original forecast was 175 billion of yen of profit.

Watch tomorrow as the stock tanks to new depth......

Starting the bets on how long Iwata gets to keep his job...

 

Now that we have results for all 3 console makers it is probably time that the analysts on this site change their usual song of the this gen is over, sales are going down the drain to another.

Something like Nintendo is crashing and burning but sales related to HD consoles are actually holding steady..........

 

Interesting thing by the way if you look at the publishers results.

Those the most invested in Nintendo platforms are the ones that had the worse results ( Ubisoft, THQ).

EA which is much less present on Nintendo relatively actually had a better quarter than a year ago.......

 yeah, fire the guy who is responsible of making nintendo to make more money this gen alone than what sony has done with the playstation family, yes including the almighty PS2...


At the CEO level you don't get to keep your job based on what you did 5 years ago.

But based on what you are doing now...


So true. Nintendo isn't a damned museum to live out of the past.


  Past?... When was the last time nintendo had a net profit?... 20 years ago?... Sorry, but nintendo made a ton of money last FY, and is probably going to be back to black numbers ths FY too... This is not a supermarket boy... 



Menx64

3DS code: 1289-8222-7215

NNid: Menx064

Around the Network
Seece on 28 July 2011



 

BHR-3 on 28 July 2011

wii shipped what 87.57?
total sold here on vgc up to that point 87.6

i can understand its shipments being tight with sold since there going to releasing new HW soon and there shouldnt be much overshipping, much like PS3s situation with them phasing out there 2500 series which i believe doesnt need any adjustment till atleast next Qs numbers

but how can this of happened with the Wii?

what is going to be the new number of wiis on shelfs? how is vgc going to determine that?

is it going to be around 300k like lasts Q shipments vs sold? or more?



                                                             

                                                                      Play Me

Ail on 28 July 2011
menx64 said:
haxxiy said:
Ail said:
menx64 said:
Ail said:

Terrible results.
Sales down 50% compared to same 3 months 1 year ago...

The forecast for the whole year was updated and is now terrible
They only expect to make 35 billion of yen for the whole year, down 80% compared to the previous year...

The whole year forecast was by the way changed drastically, this is not a small adjustment, original forecast was 175 billion of yen of profit.

Watch tomorrow as the stock tanks to new depth......

Starting the bets on how long Iwata gets to keep his job...

 

Now that we have results for all 3 console makers it is probably time that the analysts on this site change their usual song of the this gen is over, sales are going down the drain to another.

Something like Nintendo is crashing and burning but sales related to HD consoles are actually holding steady..........

 

Interesting thing by the way if you look at the publishers results.

Those the most invested in Nintendo platforms are the ones that had the worse results ( Ubisoft, THQ).

EA which is much less present on Nintendo relatively actually had a better quarter than a year ago.......

 yeah, fire the guy who is responsible of making nintendo to make more money this gen alone than what sony has done with the playstation family, yes including the almighty PS2...


At the CEO level you don't get to keep your job based on what you did 5 years ago.

But based on what you are doing now...


So true. Nintendo isn't a damned museum to live out of the past.


  Past?... When was the last time nintendo had a net profit?... 20 years ago?... Sorry, but nintendo made a ton of money last FY, and is probably going to be back to black numbers ths FY too... This is not a supermarket boy... 


Earnings have been going down for 3 years . That's all investors look at.

Sure they will make a profit this year, just 80% less than last year, that's not good, that's terrible...

So far this quarter most of the S&P 500 companies that reported earnings handily beat forecast, and then you have Nintendo which trashes their forecast except the wrong way...........

Apple YoY profit forecast for whole year : somewhere around +100%

Google YoY profit forecast for whole year : somewhere around +25-30%

Microsoft : +10-15%

Nintendo : -80%

The numbers speak for themselves......



PS3-Xbox360 gap : 1.5 millions and going up in PS3 favor !

PS3-Wii gap : 20 millions and going down !

Ail on 28 July 2011

20 millions Iphone shipped last quarter.
0.7 millions 3DS.

The writing is on the wall and you don't need a PhD to read it.
And I'm not singling out the 3DS, I don't think the PSVita will do much better except maybe in Japan where it seems customers have a special relation with their portable gaming device...



PS3-Xbox360 gap : 1.5 millions and going up in PS3 favor !

PS3-Wii gap : 20 millions and going down !

Ail on 28 July 2011

Well as expected the stock took a dive.
It dropped 12% today and is now trading under 20$.

At this point I am expecting Nintendo stock to trade around 15$ within the next 18 months ( I don't think you can expect Nintendo financial to get much better in fiscal 2012-2013 as the year a new console releases is most often not that good for profit due to low amount of software sales..).

 

Apple is on track to make more money in fiscal year 2011-2012 than Nintendo is worth ( Nintendo market cap is down to 22 billion$). Not that I expect Apple to purchase them..( you would have to be crazy to purchase Nintendo stock right now, well except if you are shorting it...)



PS3-Xbox360 gap : 1.5 millions and going up in PS3 favor !

PS3-Wii gap : 20 millions and going down !