Nintendo: Japan's Second Most Profitable Company. Period.

There are 9 messages in this topic Watch this topic for replies

Add Reply Back to forum "Gaming" Back to Index

SySAdmin

ASE Bot Joined: January 10, 1995 Status: Offline Posts: 120 Rep:

Nintendo: Japan's Second Most Profitable Company. Period.

Wed Sep 26, 2007 7:29:58 PM #41614 Perm Link

There is a new news item posted at »ASE Labs

»Nintendo: Japan\'s Second Most Profitable Company. Period.

Quote
Nintendo Co Ltd roared past Canon Inc to become Japan's second most valuable company behind Toyota Motor Corp, driven by its hot-selling Wii game console and DS handheld player.

Nintendo's Wii has so far outsold Sony's PlayStation 3 by a large margin since their launches late last year as Nintendo's strategy to expand the gaming population by offering easy-to-play but innovative games has proved a big success. Shares in Nintendo were up 2.6 percent at 58,900 yen in afternoon trade on Tuesday, bringing its market value to 8.34 trillion yen ($72.6 billion), surpassing Canon's market capitalization of 8.20 trillion yen.

Linky

All because of two hardware products. I'm sure everyone knew that Nintendo was now rolling in cash. But come on! For an industry where everyone else loses money on hardware sales, this is ridiculous, even if Nintendo has always sold hardware for profit.

Please add your comments below.

Edited at Thu Sep 27, 2007 3:42:50 AM

Reply Quote Send PM Profile

Aron Schatz

2014: Year of change. Joined: August 3, 2001 Status: Offline Posts: 10753 Rep:

(No Title)

Wed Sep 26, 2007 7:43:31 PM #41615 Perm Link

I didn't know Canon was a Japanese company...

I thought it was American. Damn.

2014 is going to be a good year. More content, more streamlining. Be a part of history!

Reply Quote Send PM Profile

RudeMoody

"I remixed a remix. It was back to normal." Joined: September 5, 2003 Status: Offline Posts: 429 Rep:

(No Title)

Thu Sep 27, 2007 4:17:49 AM #41619 Perm Link

I'll never understand all this love for the Wii since 95% of it's games are awful and the motion controls sure don't work as well as I hoped...

DS is nice though...

Reply Quote Send PM Profile

Tornado

Retro Grade Joined: August 16, 2003 Status: Offline Posts: 2958 Rep:

(No Title)

Thu Sep 27, 2007 1:44:58 PM #41632 Perm Link

Because it costs less than the 360 yet doesn't have a 33% chance of exploding.

Michael: Jodie, how's my schedule look for today?
Jodie: You've got a conference and dinner party at the Japanese Embassy regarding wildlife protection.
Michael: Oh, yeah...sorry, but I'll have to cancel that. I'm heading out to save America!

Reply Quote Send PM Profile

RudeMoody

"I remixed a remix. It was back to normal." Joined: September 5, 2003 Status: Offline Posts: 429 Rep:

(No Title)

Fri Sep 28, 2007 7:28:32 AM #41664 Perm Link

So, since it costs less people are willing to settle for all of the crap games?

It's true that the XBOX360 isn't very reliable, but Microsoft does have a 3 year warranty on them now.

Also, what's the reason Nintendo didn't bother to show up at the Tokyo Game Show?

Reply Quote Send PM Profile

Aron Schatz

2014: Year of change. Joined: August 3, 2001 Status: Offline Posts: 10753 Rep:

(No Title)

Fri Sep 28, 2007 7:57:15 AM #41665 Perm Link

Metroid Prime 3 is a great game. There are good games for the Wii.

2014 is going to be a good year. More content, more streamlining. Be a part of history!

Reply Quote Send PM Profile

Tornado

Retro Grade Joined: August 16, 2003 Status: Offline Posts: 2958 Rep:

(No Title)

Fri Sep 28, 2007 2:04:23 PM #41668 Perm Link

In response to RudeMoody #41664

Said By RudeMoody
So, since it costs less people are willing to settle for all of the crap games?

Yes. Very much so. Keep in mind that the games cost less to, and people are cheap by nature.

Said By RudeMoody
It's true that the XBOX360 isn't very reliable, but Microsoft does have a 3 year warranty on them now.

I know that, which is why it doesn't bother me. But I know many people who would look at the failure rate of the 360 and just walk away from it based on that alone, regardless of whether it is free to fix.

Said By RudeMoody
Also, what's the reason Nintendo didn't bother to show up at the Tokyo Game Show?

That is hardly a new occurrence. They usually don't show up to it.

Reply Quote Send PM Profile

RudeMoody

"I remixed a remix. It was back to normal." Joined: September 5, 2003 Status: Offline Posts: 429 Rep:

(No Title)

Tue Oct 2, 2007 4:31:25 AM #41813 Perm Link

Don't ignore the fact that 360 owners buy many more games than Wii owners, which is more important to developers than just system sales numbers...which is why many games that were previously PS3 only are being made for the 360 as well. Anyone who works at a video game store can vouche for that.

This guy put it pretty well:

"...we argue about who is going to "win" the console war. Traditionally, the end number to declare victory is the amount of console hardware is sold.

But look, consoles aren't developed to make a profit off of. Their developed to make a profit off of software - that is why Sony, MS and Nintendo are in the business to begin with. And of course, it's why the 3rd Party Dev are here.

So, what is more important to those that sell the software? The number of consoles out there or the number of "real consumers" - that is the number of people who own the console and are participating in purchasing software for it.

Take the 360 vs. Wii. For argument's sake, let's say they the 360 has 10 million consoles sold, and the Wii has 10.1 million consoles sold. Who is winning? Obviously, from Nintendo's position they are.

But are they really?

Add this to the equation: The 360 has an attachment rate of 6:1, and the Wii has an attachment rate of 2:1, that is, number of games and accessories sold to every console sold. Now who's winning? From a game developer's perspective the 360 looks like a better console to develope for. The Wii would need nearly 30 million consoles sold for a developer to put them on an equal profit opportunity as the 360.

So at the end of this, if we only calculate the number of hardware sales, can we truly say who the winner of this generation is?"

Reply Quote Send PM Profile

Takoyaki