More Reviews
REVIEWS Resident Evil: Revelations Review
While 3DS gamers have been enjoying the franchise's best game in years for some time now, does the experience translate for Resident Evil fans on console?

Donkey Kong Country Returns 3D Review
Gamers have gone bananas for Nintendo's 3DS, but can this port of Retro Studios' 2010 Wii game make the jump to your portable?
More Previews
PREVIEWS The Last of Us Preview
With Naughty Dog releasing a new IP in just a few short weeks, we got hands-on one more time. But don't worry: This is a spoiler-free preview.
Release Dates
NEW RELEASES GRiD 2
Release date: 05/28/13

Fuse
Release date: 05/28/13

Remember Me
Release date: 06/04/13

The Last of Us
Release date: 06/14/13


LATEST FEATURES Being A Console Is Actually Xbox One's Worst Asset
Microsoft's newest console has lots of different features, but video games might hold the device back from the software giant's true intentions.

Everything I Learned About Call of Duty: Ghosts Last Week
I wasn't allowed to talk about the new Infinity Ward game last week when I met with Activision, and I don't have much to say now that Xbox One spilled the beans.
 
Coming Soon

LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP Bras
On the future of some gamers
By Bras
Posted on 05/22/13
Before Microsoft and Sony do something regarding their future in the video game business, I wanted to write, and I've wanted it for a long time now, but other things kept getting in my way, and fearing that tomorrow might be too late, today will have to do.   Months ago,...

GAMING NEWS

Nintendo Reports Record Low Revenue

Posted on Wednesday, October 26 @ 10:22:51 Eastern by

With the Wii sinking like a stone into it's now last-gen grave, Nintendo is struggling to keep it's stock prices afloat thanks to lower than expected profits and a killer Yen-exchange rate.

That's the word from Reuters who's reporting that Nintendo Company is expected to report a loss of 100 BILLION Yen ($1.32 Billion) in the first half of this year. That expectation caused stock shares to drop 7.5%.

This is what I don't understand about captalism. A company does exceedingly well, posting billions upon billions of dollars in profit, storing that away in the bank for years of Reasearch and Development, but when those sales slow down, or even stop (because everyone fucking owns what the company is selling), they're punished for it.

Yes, yes, the world turns, but fuck that noise. It'd be a good bet that if you hold on to your stock it'll return to its former glory in short time.

They are releasing new hardware soon, you know.

[Source]
Related Games:   Nintendo 3DS


More from the Game Revolution Network




Comments
  • TheMindlessType
    TheMindlessType

    Joined: Sep 2009
    Posted: Oct 26th, 2011 at 11:03 am
    With investors only looking to make a quick buck tanking the stock price, now is probably the best chance you'll get to invest in the company (If you have faith in the WiiU, of course)
  • MrrClean
    MrrClean

    Joined: Aug 2010
    Posted: Oct 26th, 2011 at 12:54 pm
    A reason for this could be that the idea of capitalism (at least, these days) is based on the idea of succesful companies having perpetual growth. Its not enough to get their annual profits at, lets say, 10 million dollars a year. They have to improve uopn that every single year. If its 10 mil this year, its got to be 11 next year, 12 the next year, and so on and so forth. What no one seems to get is that sh*t cannot keep growing forever, because money doesn't f*cking grow on trees. There is a finite amount in the world, and every single company cannot continually keep making more money than it did before. I don't get it, if you are profiting so many millions a year (which means money you get to keep above and beyond the basic cost of materials, labour, etc), isn't that good? Are people really so greedy as to think that "Hey, 5 million dollars ain`t enough, I WANT MORE, DAMNIT!"

    That being said, I`m not in the least bit suprised to hear that Nintendo is not doing that well, what with their huge array of stupid ideas in the last few years...
  • sandineyes
    sandineyes

    Joined: May 2008
    Posted: Oct 26th, 2011 at 1:43 pm
    I have very little understanding of the stock market myself, but I find your points slightly ridiculous. First of all, considering most money is issued in paper form, you could say that money does indeed grow on trees. Additionally, governments can generally print however much they want (probably not in the EU though). As far as I know, it is not a matter of having increased earnings so much as doing better or worse than expected that has such a volatile effect on stock prices. Stock prices are directly related to the shareholders perception of the total worth of that company, so clearly if Nintendo is losing lots of money, it would be reasonable to assume it is not worth as much as before. Additionally, company performance really doesn't seem to be a reliable indicator on stock prices, since in the end it is just public perception that determines that.
    What I don't understand at all is the stocks relation to the actual business. Lower stock prices only really deflate the wealth of shareholders, so unless the company itself holds an amount of shares and plans on selling them, I don't see a problem (except for the massive losses). Additionally, I really just don't understand stocks. I can see how an IPO can be used to raise money for a company, but after that it seems stocks mostly exist for the sake of themselves. Many companies do not pay dividends, so beyond shareholder rights and the hope that stock prices will increase, I don't really see the point in buying them at all.
  • warmaster670
    warmaster670

    Joined: Jun 2007
    Posted: Oct 26th, 2011 at 2:30 pm
    Paper grows on trees, not money, would you walk around saying houses grow on trees? just because a material in its production comes from something doesnt mean teh final product does.

    As for the article, maybe people finally got tired of playing games that are simply the same thing with a different controller, instead of something like cooking mama on the ds where it really took advantage of the touchscreen, sorry but the massive drop in hardware isnt worth flicking a thing up instead of a regualr thumbstick, especially now where if you really want to do those things, you could get add ons for the real systems.
  • TurinAlexander
    TurinAlexander

    Joined: Sep 2006
    Posted: Oct 26th, 2011 at 4:16 pm
    Considering the fact that Nintendo hasn't published a game worth playing in years, coupled with the release of console after console with silly gimicky controls and features that just don't appeal to the dedicated gamer (the type of person to actually go out and buy games), I'm not at all surprised to see them performing badly.
  • wildmario
    wildmario

    Joined: Jan 2007
    Posted: Oct 27th, 2011 at 4:59 am
    Console after console of gimmicky controls? Are you just dubbing controller styles you don't like as gimmicks? Cause I don't remember people trashing the N64 or Gamecube controllers for being gimmicks.
  • TurinAlexander
    TurinAlexander

    Joined: Sep 2006
    Posted: Oct 27th, 2011 at 4:15 pm
    I'm counting handhelds as well. Any handheld with a touch screen counts as a gimmick as well as the 3DS with it's headache inducing visual gimmick, the Wii and soon to launch WiiU as well. The last Nintendo console with owning was the N64.
  • OdiousLupous
    OdiousLupous

    Joined: Jul 2011
    Posted: Oct 26th, 2011 at 9:57 pm
    All these years and console companies still havent learned that being the first one out with new technology is only beneficial when you can keep it fresh and innovative. Fail to do it and youll make good profit until someone else does it better. Sony and Xbox done snatched the precious from you Nintendo.

Post a Comment
LOGIN or REGISTER to post a comment or rate this article.
More On GameRevolution