Nintendo shares in Japan drop 18%

(Reuters) - Shares in Nintendo Co Ltd tumbled by nearly a fifth on Monday after it warned of a third straight year of operating losses, heaping pressure on the creator of "Super Mario" to abandon its policy of not licensing its software to rivals.
After the market close on Friday, the Kyoto-based company slashed its global Wii U sales forecast for the year to March 31 by almost 70 percent to 2.8 million units."Its console-based business model spells doom for stakeholders. It has no choice but to accept the change," Jefferies analysts wrote in a note. "We believe Mario on mobile is coming."

They raised their price target on Nintendo to 29,000 yen from 26,550 yen, with a 'buy' rating on expectations of a change in strategy. Nintendo has so far refused to allow its games to be played on consoles built by competitors or on tablets or other mobile devices that are increasingly used by gamers. At one stage, the shares fell as much as 18.5 percent. By 0104 GMT, the stock was down 11.9 percent at 12,900 yen. It was the most traded stock on the main board. If it were to finish the day at that last traded price, it would mark its worst one-day decline since July 2011, wiping off about $2.3 billion from Nintendo's market capitalization.

Nintendo now expects an operating loss of 35 billion yen ($335.7 million), compared with an initial forecast for a 100 billion yen profit. The weak Wii U sales stand in sharp contrast to those of its predecessor, Wii, which propelled Nintendo shares to a record high of 73,200 yen in November 2007. The stock has lost more than 80 percent since then.

The latest warning comes just three months after Nintendo reiterated its sales projections for the Wii U, counting on the console to revive its fortunes as Microsoft Corp released its new XBox One and Sony Corp launched its PlayStation 4. Nintendo also cut its sales forecast for its handheld 3DS to 13.5 million units from 18 million. It now forecast a full-year dividend of 100 yen, down from a previous estimate of 260 yen.

The Japanese game maker is to hold a management strategy presentation on January 30.

Nintendo might have lost $2.3 billion in one day. Holy shit.I wonder what will happen on this management meeting.

EDIT: It ended at -6.15%, much better than expected.

13GB patch for Dead Rising 3, WTF!

Seriously WTF, 13G PATCH?!?!?!

amazing LOL

travo said:

There's got to be something that you are missing.  I remover that boss battle being tough but not broken.

But did you have your augmentations disabled? It would be fine with augmentations, easy even.

travo said:

From what I've read online, you're just gonna have to shoot and run.  Throw an emp, attack then run

That's what I've been trying but he throws 3 grenades of 3 different variations each time.

Dvader said:

EDIT: It ended at -6.15%, much better than expected.

Also, remember the stock hit a 3 month high in mid-November, the stock had been steadily rising up to around a 15% overall increase IIRC so a similar loss would leave them pretty even overall. And of course stock valuation doesn't affect profits/loss/equity. Unless the company was thinking of selling stocks to raise money.

EDIT: Also if $2.3 billion was lost from Nintendo's market capitalization (which it wasn't) Nintendos pre-drop market capitalization was  $18.4 billion, compared to Sonys' $17.7 billion market capitalization, as Sony also had a bad earnings report in November.

"The reasons for Sony’s fall and Nintendo’s rise are typical opaque, but most recently the under-performance of several Sony movies (including Will Smith’s After Earth) and problems at the company’s music and laptop divisions have been the main problem.

Sony’s PlayStation business has been doing extremely well, but it’s offset by the company’s other struggling businesses.

The reasons Nintendo is back in favour is partially due to the relative success of the 3DS but also investor rumours that the company will shortly announce significant changes to its business model. "

travo said:

GG, do you stick against the wall and wait on him?

I think the best thing is to unlock the laser rifle, sneak about and shoot him through the glass. But I'll need to find some more ammo. This guy can insta-death you.

Namco Bandai has emerged as Japan’s most powerful games company in this year’s edition of Toyo Keizai’s Corporate Power Ranking list.

The business publication posted its list here, as spotted by DualShockers. Here’s a shortlist of where the key game companies appeared among the list, which spans all industries:

• 126th – Namco Bandai – Last year’s position: 442nd
• 157th – Broccoli – Last year’s position: not ranked
• 173rd – Nihon Falcom – Last year’s position: 215th
• 292nd – Sony – Last year’s position: 163rd
• 318th – Capcom – Last year’s position: 701st
• 363rd – Sega – Last year’s position: 133rd
• 363rd – Marvelous AQL – Last year’s position: not ranked
• 390th – Tecmo Koei – Last year’s position: 451st
• 567th – Konami – Last year’s position: 355th
• 1647th – Nintendo – Last year’s position: 219th

Positions are determined by a company’s growth, profitability, safety and scale, with a score of between 500 and 1000 determined for each category. The sum then decides a company’s final ranking. The list features 2,000 companies in total.

Seems legit.

I found this article hilarious, but I couldn't decide whether it was fun or offensive. Or offensively fun.

Basically this writer has been accused of trolling Microsoft so instead of backing off he tries ever harder as a running joke.

PS4 Leads In Total Sales While Xbox One Wins Over America In NPD Report

If you like wearing cowboy hats and shooting guns, drinking oil and drilling for gold, then you're American. If you're American then you like American products. If you like American products then you like the Xbox One. If you like the Xbox One then America likes you. If America likes you then that means you support American justice. And we all know justice is a seven letter word for a Chuck Norris roundhouse kick. So if you love justice then Chuck Norris loves you... and Chuck Norris is America. That's not supposition, that's fact.


The Xbox One was the best selling console in 'Murica, where the cowboy-hat, gun-totting, flag-waving, McDonald-eating, reality-TV-watching, Duck Dynasty-obsessed, Honey Boo Boo-loving Yanks showed a lot of patriotism by buying from the company that supports the red, white and great American blue.


Basically, Americans have spoken: they like watching TV on their TV.


The NPD Group rolled out some numbers that caused a number of reactions lately, especially from Microsoft's head honchos, who all felt like chiming in on the data.


According to Joystiq, the retail industry was up by only 2%, moving from $3.21 billion in 2012 to $3.28 billion in 2013. The percentage gain was so small that investors on Wall Street are likely to have to pull a few more Madoff scams earlier than they originally planned.


But no one cares about the money (except for [inside] traders), gamers only care about the e-peen quality they can bring to the system wars threads by quoting numbers. So what were the numbers? Well, Microsoft wasn't shy to roll them out, as Chief of Staff for Devices and Studios Group at Microsoft, Aaron Greenberg, hopped off to Twitter faster than Kim Kardashian posting a selfie of a scarf she managed to turn into a thong, writing...

That passing comment about the 360 selling well is like when a step parent mentions that their spouse's kid managed to get an 'A' in their advanced calculus theory class, but their own kid managed to get through high school without requiring an abortion.


The official statement from the Xbox news wire reads...

"December NPD Group figures released today revealed Xbox One was the number one selling console in the market in the U.S., selling 908,000 units in December. Additionally, Xbox 360 continued to see strong momentum with 643,000 units sold in December, putting it in the number three spot overall, and lead for last generation hardware,"

908k SKUs? That's actually pretty impressive. Despite being the fattest, most expensive and paywall-heavy console on the market at the moment, the Xbox One nearly sold a million units in America alone. I am impressed. If I didn't have to sell blood, give to the sperm bank and donate an organ I'm pretty sure I'll need sometime in the future in order to pay to use Xbox One apps that I can use for free on my PC, then I might have given Microsoft a standing ovation.


Of course, Sony still came out the winner by selling more units globally and they're still dealing with supply shortages, not because they manufactured fake supply constraints but because people actually like a console where they don't have to pay an arm and a leg just do something as simple as save and upload a video clip.


Sony has yet to update where they stand as far as the install base goes, but VGChartz is showing that the PS4 is nearing 4 and half million units, which easily trumps the Xbox One's 3 million SKUs sold.

And then the comments are hilarious too:

Johnny said:

Fuck you William! There is nothing wrong with being an American and support American company's you piece of shit! Fact is you and your fanboy bull shit is showing how Fucked up you really are. My god you have to be the biggest looser on the Internet. Why is it you don't bitch about how racist and closed minded the Japanese people are for not buying anything not made by them huh? I know why because you some fucked up tech nerd looser who can't stand the fact a company that you cling to didn't win. @ cinema blend I will never visit this site again unless you fire or are no longer the employer of William Usher. What he wrote in this article is utterly offensive, un sensitive and uncalled for. If this isn't what you're company is about you will immediately apologies and fire William Usher. I will be calling your office in the morning and try and talk to someone about how offensive this article is to American and former soldier this is. I honestly hope they fire your ass.

William Usher Mod Johnny

Sounds like you need a hug, bro.

Come on... bring it on in.

http://24.media.tumblr.com/tum...

Lonewolf said:

Several Points Usher:

1.

Cowboy hats are synonymous with the US south,

which only accounts for about 1/3rd the population, perhaps baseball

caps would be more in line with this argument.

2.

You can’t drink oil, as you would likely become very

sick and die. If however, you are referring to our vehicles’ fuel consumption,

it beats the prices here in Europe, which I bet you wish you could visit, but

can’t afford, due to…you know, working for a rag sheet.

3.

Drilling for Gold? You mean panning? Or mining?

Well unless you were referring to the gold rush, the most productive areas aren’t

even in North America, which is more of a matter of geology.

4.

Duck Dynasty only draws on Average 8 million

viewers, which isn’t even 3 % of the American population. Additionally, Honey

Boo Boo attracts even less at 3.5 million fans, roughly 1% of the American population.

5.

McDonald’s domestic sales account for only 34%

of its business, while international demand draws a staggering 66% or roughly

$17 billion annually.

gamingeek said:

Sonys new PS Move

Looks Awesome!

I sort've agree but I was thinking that you have to build them your self what happens if you lose a part of the controller and it can't go into that form.

Nintyfan17 said:

I sort've agree but I was thinking that you have to build them your self what happens if you lose a part of the controller and it can't go into that form.

I was joking.

SteelAttack said:

This one cracks me up.

The PS Move Bat controller already exists.

When are we going to hook up on Animal Crossing?

gamingeek said:

The PS Move Bat controller already exists.

When are we going to hook up on Animal Crossing?

What is that bat shaped aberration?

Saturday morning sounds good for you? When I get back home at night on weeknights you're probably asleep.