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Forums - Nintendo - Nintendo Slashes Forecasts, Showing Wii Isn’t ‘Recession-Proof’

I thought the wii was recession proof, i guess not...

http://bloomberg.com/apps/news?pid=20601101&sid=adz.MO9CXqtA&refer=japan



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They're still raking in record profits.



Soriku said:

I thought you left the site, toastboy?

Old, btw. And this is just in Japan where all sales of consoles went down, though the 360 went slightly up.

 

 I'm sure they'll think of something to counter this.  If they could save a DS from slowing down they can save a Wii from losing momentum in Japan.



On track to outsell the PS2 during a recession and people are still trying to make the Wii look bad. Tsk tsk.



360 Tag - narfwack

 

toastboy44562 said:

I thought the wii was recession proof, i guess not...

http://bloomberg.com/apps/news?pid=20601101&sid=adz.MO9CXqtA&refer=japan

Profit forecasts. The Wii is still selling more or less according to what they expected, except in Japan. Wii is as close to recession-proof as any console is going to get.



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i thought you was not coming back for a while?



When Ninty start slashing hardware *shipment* forecasts, I'll be worried. If you sell most of your units in the US/Europe, and make 20% less profit because of a weak target currency... what can you do.

I'm sure they have significant US currency reserves - but for the point of financial results, they pretty much have to quote figures in Yen. They will make this money back in the future, if/when the currencies re-balance.



Gesta Non Verba

Nocturnal is helping companies get cheaper game ratings in Australia:

Game Assessment website

Wii code: 2263 4706 2910 1099