The truth behind Nintendo's numbers

[robometal cowboy]

The truth behind Nintendo's numbers
Click Here to View Story

Is Nintendo doomed after their latest financial quarter? Seriously, how many times over the years have we heard that Nintendo isn't going to survive? It happens all the time, and has been around since the days of the SNES. Thankfully this article actually dives into Nintendo's numbers to show that despite some rough waters, Nintendo knows what they're doing.

Article here

[LegendofSantiago]

"Nintendo knows what they're doing"
agreed

[LegendofSantiago]

Although it might not seem like it, Nintendo's peculiar way of doing business works. It shouldn't work, but it does which is why analyst proclaim doom and gloom since Nintendo does things their own way (in a way analysts don't understand) and come out on top. They have done some stupid things (just like the other 2 of the big 3) because they got cocky, but they are trying to fix it.

[AnoukiAgentYellow]

Nintendo
Doomed since 1989

[led-naruto]

@AnoukiAgentYellow

Pretty much sums it up. XD

[Zug Zug]

Nintendo has 7 billion cash on hand and ZERO debt.
Sony has like 8 billion debt?
Nintendo will be the last of the three to bow out.

[Mike_Intellivision]

From the beginning of the second webpage of the article --

Here's the thing: investors are idiots.

Best quote ever.

Mike from Morgantown

[Krawz]

Good article, my favorite quote was "Buried in reams of financial data is the revelation that Nintendo have 812.8 billion (£6.7 billion) in the bank - enough for it to take a 20 billion loss every year until 2052."

[varoennauraa]

But doomed is doomed.

[TUMF]

That's really all investors are - professional gamblers. Screw 'em.

[zyxion1]

If $800+ billion is doomed..COUNT ME IN!

[kdognumba1]

It's true there wasn't much going on for Nintendo most of last year. The 3DS didn't have the big games falling in till the end of the year and there were only a handful of games on Wii and DS worth noting that dropped in 2011. However, although sales were down, Nintendo switched strategy. They opened up about what the future holds, they started working to help 3rd parties more, the 3DS eShop started greatly advertising what's hot and what's new, big titles got pushed out the door, and sales went through the roof.

Seriously though, because they switched the way they did business, 3DS week by week selling more then any other system globally. Sure they're losing money on 3DS sales, but the eShop is now turning a pretty good profit, giving both Nintendo and developers a good income. Not to mention the eShop is advertising games which in term also helps retail software sales. Plain and simple, selling the hardware at a profit is NOT a problem, just ask Microsoft and Sony.