Nintendo finally learns that the times, they are a changin’

We normally don’t dwell on the boring stuff around here, like financial analysis, but it’s perhaps worth going over Nintendo’s earning loss. Mostly because it’s huge. And I mean REALLY huge.

nintendo Nintendo finally learns that the times, they are a changin

As Joystiq and others have reported, while back, Nintendo told it’s stock owners to brace for impact. But the end result is far worse than even they expected.

Since March, they have lost a whopping 70.2 billion yen, twice as much as the 35 billion yet. 70.2 billion yen equals to 926 million btw. That’s a whole lot of scratch. Most of the dip in profits stems from, not surprisingly, the American market, which saw a dip of 53.8%.

Case in point: the Wii sold well enough, but hardly anyone is buying games. Perhaps their stance of not releasing games, that a good number of folks would totally buy, are finally biting them in the ass?

Nintendo is hard at work on the Wii U, so things always get a bit lean during that awkward in-between phase, with all money and effort is being spent on the next platform. So it’s important to live off the fat of the current console, but how’s that possible when Nintendo hasn’t done jack with the plain old Wii?

Never-mind JRPGs, when was the last time something came out for the Virtual Console? People who will inevitably point their fingers towards Apple will only be party correct; Nintendo has been, for all intents and purposes, lazy as hell and is basically sowing what they reap.

Hence why Nintendo is having it’s first loss in over 30 years. But hey, nothing lasts forever, right?

In far less exciting news, but something that’s important nonetheless, is how Sony has just bought out its partner with whom they make cell phones with. Basically, Sony Ericsson will be no more come January 2012.

So what does this mean? Hard to say, but there have been rumblings that Sony really wants to take their portable PlayStation brand to the next level. The Xperia Play has done okay, but there are a number of issues that might benefit from Sony starting from scratch and having a far more unified, focused effort as it pertains to a PSPhone.

Nintendo is at a very vulnerable position, and this might be the time for Sony to shine with the Vita, which looks far more attractive than it did just a few months ago. But them changing things up on the phone side might be a sign of a more concerted effort against Apple, and… good luck with that.

BTW, remember the Play’s spokeswoman? Well there’s a contest going on, involving Kristen Schaal and the recently released Minecraft for Android devices…



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Matt Hawkins Matt Hawkins is an NYC based video game journalist, designer, consultant, and cultralist. He's been published in EGM and GameSetWatch amongst others. Matt also makes comics and zines, is obsessed with cable access, gets into arguments with homeless people all the time, and once had his nipple bitten off during a one night stand. But that's neither here nor there.

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