TheFinalSentinel wrote:http://markets.ft.com/research/Markets/ ... s=7974:TYO
I'mma just drop this here.
Also keep in mind that most of my statements were in reference to pre-MK8, when the Wii U had like no games.
Hell, thinking back, wasn't everyone (read: mostly the same people as now) saying the exact same things about the Wii? I certainly at least remember everyone in school saying that.
My point in all this is, I have no doubts that Nintendo will be just fine.
The difference is that people saying that about the Wii were firmly talking out of their arse. The Wii was:
- The best selling Nintendo home console ever
- The third-best selling Nintendo console ever
- The third-best selling home console ever
- The fifth-best selling console ever
Calling the Wii anything other than successful is total delusion, and is I suspect rooted in negative viral marketing from the king of negative viral marketing, Microsoft, whose business isn't so much based on making the best products as it is on trying to convince everyone that there is no competition. For example, Office sells so well despite costing several hundred dollars not because it's significantly better than its free competitors - because it isn't, unless you want to do statistical regressions in Excel, but you can get a statistics program for that anyway - but because Microsoft has successfully convinced the average PC user that there is no alternative to Office at all. In video gaming, Microsoft's also successfully peddled the lie that the Xbox thrashed the GameCube, when in reality it only did about 5 mil better, and both got obliterated by the PS2.
The only consoles Nintendo have ever made that were more successful than the Wii were the DS and the Game Boy. The Wii and the DS brought Nintendo into the mainstream from the obscurity of the Game Cube & GBA days. There's a big tendency to view the Game Cube days through nostalgia goggles and pretend they were good. They weren't. Third-party support was virtually nil and the self-proclaimed "hardcore" - largely the same people who now claim the Game Cube was a golden age - called it the "kiddy cube" and were playing Xbox. The Game Cube did worse than the N64 and the Game Cube's successor, if it had been a Game Cube 2, would undoubtedly have done even worse still and cemented a slide into irrelevancy. In fact, you can see that now, because the Wii U is essentially a Game Cube 2, and it's doing worse than the Game Cube.
However, even during the dark days of the Game Cube, Nintendo were still making money. Sure, it wasn't that much, but it was a profit. Now, using that same financial site you just linked, you can see that Nintendo's revenues have been declining each year since at least 2010, and that Nintendo lost money in 2012 & 2014, and were basically stagnant in 2013. The only good thing about that statement is that at least they've paid off all their debt. Still, looking at that balance sheet, I would not buy Nintendo stock if they traded here, which they don't. I really wish they did though so I could have bought stock before the Wii came out.