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Wii Hardware \ Nintendo downgrade profit forecast ?!!?

Skidmark
Kudos: 760
Mates: 20
Just read on PC World that Nintendo have downgraded their profit forecast by 33% for the next year. That's a pretty big potential drop. I wonder what they know that we don't?

I've tried to add the link below (hopefully it worked)

www.pcworld.com/

business.timesonline.co.uk/

edit - yay link worked
10 hours ago
Mario Kart Wii
Adelaide, South Australia
victory1
Kudos: 532
Mates: 9
why is this information in a pc website
10 hours ago
FIFA 09 All Play
melbourne
Skidmark
Kudos: 760
Mates: 20

victory1 said: why is this information in a pc website



It was in the Tech news section. They have all sorts of stuff..phones, gadgets, gizmos etc etc.
10 hours ago
Mario Kart Wii
Adelaide, South Australia
victory1
Kudos: 532
Mates: 9

Skidmark said:

victory1 said: why is this information in a pc website



It was in the Tech news section. They have all sorts of stuff..phones, gadgets, gizmos etc etc.


ok
10 hours ago
FIFA 09 All Play
melbourne
BBking
Kudos: 3,161
Mates: 49
Just because people have gotten over their Wii doesn't mean Ninty can't reduce their forecast, especially in the recent (and current) economic collapse...
10 hours ago
Mega Man 9
Sydney, NSW. Hills District
MugaHay
Kudos: 11,329
Mates: 391
I'd go with the economic crisis. This (and the forecast) giving them a great excuse to slash jobs.
10 hours ago
Resident Evil 4
Canberra
dossaer
Kudos: 5,392
Mates: 157
The point is that they are still projecting a forecast... That's pretty awesome, and considering where the rest of the financial world is at the moment 33% ain't that bad.


10 hours ago
World of Goo
Final dungeon - Ocarina of Clank
Skidmark
Kudos: 760
Mates: 20
Gotta love this quote.
"...the company said that it likely would close the current financial year ending March 31 with net income of about Y230 billion (£1.8 billion), not the Y345 billion that it had been predicting"

ONLY 1.8 billion pounds? Thats a s**t load of Aussie dollars.
10 hours ago
Mario Kart Wii
Adelaide, South Australia
sjt333
Kudos: 28,617
Mates: 180
economic downturn
10 hours ago
Altered Beast
I feel like I'm surrounded by people who are just barely intelligent enough to be sentient. Funniest member of the year: 08
BBking
Kudos: 3,161
Mates: 49

sjt333 said: economic downturn



Nah! Nintendo know something we don't!!

And I want to know it.
10 hours ago
Mega Man 9
Sydney, NSW. Hills District
sjt333
Kudos: 28,617
Mates: 180
Sony went down 32% last quarter
9 hours ago
Altered Beast
I feel like I'm surrounded by people who are just barely intelligent enough to be sentient. Funniest member of the year: 08
dossaer
Kudos: 5,392
Mates: 157
UPDATE

Nintendo have figured how to turn this around! By releasing a new product call PRO-FIT (a semi sequel to Wii-Fit) Nintendo has been able to revise their economic outlook.

In true 'what goes around comes around' fashion Nintendo hopes that consumers buying PRO-FIT will net them more profit...

/end bad joke
8 hours ago
World of Goo
Final dungeon - Ocarina of Clank
sjt333
Kudos: 28,617
Mates: 180
Took me a sec to get that doss
8 hours ago
Altered Beast
I feel like I'm surrounded by people who are just barely intelligent enough to be sentient. Funniest member of the year: 08
BBking
Kudos: 3,161
Mates: 49

dossaer said:/end bad joke



Do two ends make a start??

Maybe the plastic contoller holders for Music and Sports will help out too...?
8 hours ago
Mega Man 9
Sydney, NSW. Hills District
dossaer
Kudos: 5,392
Mates: 157

BBking said:
Do two ends make a start??



Shhhh... Awww now people will think I'm stoopid

/embarrassment

note how I got it right this time!

But seriously, I think the fact that they are still forecasting a profit is great. The other thing to consider is that Ninty nearly always serve a conservative forecast and deliver a surprise.


8 hours ago
World of Goo
Final dungeon - Ocarina of Clank
BBking
Kudos: 3,161
Mates: 49
Ha! You're a champ dossa!
8 hours ago
Mega Man 9
Sydney, NSW. Hills District
sharpie92
Kudos: 1,759
Mates: 140
Nintendo has actually increased its product sales dramatically but due to the fact the Yen has severely fallen they did not meet the profit forecast and as a result they have downgraded their future forecast.

So don't worry Wii's are still selling like hot cakes(in fact quicker) it is just due to the economic crisis that Nintendo's profit has fallen.

Not exactly an issue at all it was to be expected.

Also expect to eventually see a Wii sales drop in the future in Japan due to the fact the country has been saturated already with Wii's. (Pretty much everyone there owns one) so don't go and have a cry when that happens. That is also to be expected.

With all this news we could see a new revision much like the DS had with the Lite and DSi to the Wii to encourage previous owners to invest in another WIi. I am only speculating.

All the other markets (U.S, UK, AUS etc.) still have plenty of room for growth and sales will continue to soar there/here.






7 hours ago
Shaun White Snowboarding - Roadtrip
Sharpiethegamer.co.nr (my gaming blog)
 
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