SpokenTruth said:
ps4tw said:
Apart from Nintendo had a string of financial loses while selling the Wii U. And 10 million almost certainly did not generate a net profit for Nintendo.
There isn't a need to race to the next thing, but while their only console on the market is the Wii U, they are losing the market share to the competition. I guarentee that if they don't focus on VR, they are doomed.
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They lost money before the Wii U too. The majority of their fiscal impact is at the whim of the exchange rates since they trade on the US Dollar. That said, they've had 3 straight quarters with profits with the most recent being quite nice.
Q1 2015 (ends 06/30/15) - $80 million net profit. Q2 2015 (ends 09/30/15) - $27 million net profit. Q3 2015 (ends 12/31/16 - $260 million net profit.
As for market share, if they jump to the NX, they start with 0 market share.
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They have to move to NX at some point, the sooner they release, the sooner it can build a large (hopefully for Nintendo anyway) userbase.
Beyond there are a lot of potential profits from new hardware -- accessorie sales, 3rd party licensing fees will likely spike hugely over the Wii U which basically earns Nintendo zero right now, potential profit from the hardware itself, etc. etc.