The lights are on
Just a little less than three months ago, Nintendo president Satoru Iwata pledged to drastically improve the company's financial performance. With a promise of 100 billion yen operating profit for the coming fiscal year, the news he is about to deliver is nothing short of a setback.
According to Bloomberg, Iwata is set to announce an estimated annual operating shortfall of 18.7 billion yen. Analysts also project an operating profit of 70 billion yen for the fiscal year that began just three weeks ago, though it is very early to put much faith in them, especially as Microsoft and Sony are barely crossing the starting line for the next generation.
Even if those projections are spot-on, the financial performance falls short of Iwata's 100 billion yen commitment. The declining value of the yen against foreign currency has helped Nintendo, but the delays of major releases and a relatively weak library (especially in comparison to last week's impressive 3DS Nintendo Direct presentation), leave many consumers wondering why they should make the move to the Wii U.
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I do not see a bright future for Nintendo. The Wii-U is too much of a niche product for it to be really successful. When the next gen PlayStation and Xbox are released, the third party support for the Wii-U is going to dry up unfortunately. I'm not hating. I'm just stating an opinion.
So the point of the wii u was to capture next gen user's attention kinda like Microsoft did. But just look at it now, it's so obscure and I don't even know of a single person who owns it
I love and support Nintendo and always have and always will. They are one of the major forerunners of video games and always supply me with entertainment and always have for many year. The Wii-U has only been out for about 5 months and I love mine so far. I feel it is way to early for all of this doom talk. Give it time to spread it's wings. Regardless of what the future may hold as long as they keep releasing games I like I'm gonna be a die hard Nintendo fan until the end.
Lets hope that Iwata steps down.
Too many quick ports and a somewhat lack luster lineup at launch. Not to mention a long delay in titles coming out after launch. Now that titles are starting to show up, it should hopefully improve sales. But they do need to make their place or they will slowly fade more with the next gen consoles around the corner. The whole re branding of the Gamecube with a motion controller made them droves of money, so if they work at a loss for once, it's not the end of the world.
Its sad but maybe nintendo needs this ... they abandoned the hard core gamer for moms, pops, grand ma's, grand pa's and kids but while it may be argued that gamers have a short attention span - this demographic they chose over the hard core have an even shorter one.
I have a Wii U and my big gripe is that there isn't anything available that I currently must have. I don't think the system has a title people are excited about.
Maybe now Nintendo will step it up; start working on their 3rd party relations and pushing first party games out the door a little faster.