More Reviews
REVIEWS Atelier Ayesha Plus: The Alchemi Review
Atelier Ayesha Plus is a new entry in a classic-JRPG series with a pretty paintjob, but does the classic formula still hold up?

Dying Light Review
Developer Techland addresses zombies again in a new light.
More Previews
PREVIEWS The Legend of Zelda: Majora's Ma Preview
I wish I could claim some mastery over this topsy-turvy classic starring elf boy who saves princess. Predictable, right?
Release Dates
NEW RELEASES RUGBY 15
Release date: 02/01/15

DEAD OR ALIVE 5 Last Round
Release date: 02/17/15

Dragon Ball XENOVERSE
Release date: 02/24/15


LATEST FEATURES Kingston HyperX Cloud II Headset Review
Kingston's HyperX Cloud II is a mid-range USB Headset with an onboard sound board. So how does it sound compared to the pros?

Developer Spotlight: Kojima Productions
As we barrel toward this year's Game Developers Conference, the GR crew takes a look at some of the most talented devs in the industry.
MOST POPULAR FEATURES PlayStation Downloads January & February 2015 - Monopoly, January's Free PS+ Games
Have you been playing online with your PlayStation devices? Make sure to get these free games for the month of January in our weekly update feature.

LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP oblivion437
Finally Broke My Crowdfunding Rule
By oblivion437
Posted on 01/12/15
I've had a long-standing rule to avoid getting involved in any sort of crowdfunded activities.  I didn't donate to Shadowrun or Wasteland, but I did buy and enjoy both of them (I'm plugging both of those games right now, just so you know they're good).  I haven't...

GAMING NEWS

Iwata Comments On Why Nintendo Suffered Its First Operating Loss

Posted on Thursday, July 12 @ 13:29:16 Eastern by Alex_Osborn


I love Nintendo, but boy have they dropped the ball this past decade year. For the first time in the company's history, Nintendo reported an annual operating loss of approximately $460 million. But that's old news. What's of current pertinence is Iwata's response to why the company failed so miserably this past year. 

According to the Nintendo president, in an interview with The Independent, there were three major factors that led to the company's losses, the first of which being the upcoming launch of the Wii U. “It’s very unfortunate that we had to record a loss and I feel personally responsible for that. My goal is that this will be the only time we record a loss. There are three factors that led this loss. First of all, we were, in terms of the console life cycle, in a console transition phase, so the fact that sales shrank during this period is actually quite normal,” he said.

In other words, they had no Wii games. With the Wii's successor on the horizon, support for that tiny white box - which has been collecting dust in virtually every household on the planet - has been completely abandoned. And let's face it, if there's no exciting new software coming to your home console, you're bound to flounder a bit.

The second reason Iwata outlined was the high initial price point of the 3DS. “The next factor is that when we launched the Nintendo 3DS last year it lost momentum after launch, so we had to take measures and cut the price in order to avoid a failure toward the end of the year, which meant we were selling Nintendo 3DS units at a loss; these two problems we will solve this year,” he explained. Pretty self explanatory, no?

Finally, the last excuse reason as to why Nintendo struggled this past year has to do with the current global economic situation and the unfavorable value of the Yen. “The third factor, which is outside our range of influence, is that the global economy situation is unstable and the exchange rate is very disadvantageous for us with the Yen being so strong. Obviously we have no influence over this, so we need to find a set-up at our end that will still allow us to make profit.”

Let's hope the Wii U hits big for Nintendo so they can fund the development of some killer first-party content for their new HD console. Hey! Why are you laughing?

[Via]
FOLLOW ME ON TWITTER. YOU KNOW YOU WANT TO.


More from the Game Revolution Network




comments powered by Disqus