Nintendo has enough money to be safe for a long...long time

by **robometal cowboy** » 13 Mar 2012 01:54

Nintendo has enough money to be safe for a long...long time
Click Here to View Story

Wondering just how much bank Nintendo has? Here's a snippet from Nintendo-Gamer that shows that the Big N is going to be just fine for many years to come.

"Buried in reams of financial data is the revelation that Nintendo have 812.8 billion Yen (£6.7/$10.5 billion) in the bank - enough for it to take a 20 billion Yen loss (£163/$257 million) every year until 2052. Then there's almost 469 billion Yen (£3.8/$6.0 billion) held in premises, equipment and investments. When that runs out - we're in the year 2075 by this point - they've got some of the most valuable intellectual property in gaming to sell off before the company goes out of business."

If there were ever a single paragraph and image that you could share with Nintendo haters out there, this would be it. Hard to say the company would be doomed with this kind of cash backing them up.

Link

by **MoldyClay** » 13 Mar 2012 02:00

Yeah. I said this somewhere else, but if Nintendo didn't make the Wii U future proof and if, for some ungodly reason it were to bomb, Nintendo could and would probably just fund and pump out a 2nd 8th Gen console to compete with other consoles.

They have the cash to burn and with DS, Pokemon and 3DS sales still going strong and a bunch of supplementary Wii titles floating around, I think they're going to be better than fine this year especially.

by **kirbykiller** » 13 Mar 2012 02:01

nah there

by **KingBroly** » 13 Mar 2012 02:01

Still Doomed. Forever.

by **led-naruto** » 13 Mar 2012 02:02

@KingBroly

XD Pretty much the story of the company's life.

by **ryan82** » 13 Mar 2012 02:09

I hope Michael Pachter sees this so he can STFU.

by **LOLhahaDEAD** » 13 Mar 2012 02:10

Pachter can eat it. With this kind of money, Nintendo can afford to take risks/innovate.

by **gtt** » 13 Mar 2012 02:12

and they'll still cut corners on hardware and network infrastructure.

but yea, nintendo is sooooo doomed. totally like sega in 2001 here.

by **V3N0M** » 13 Mar 2012 02:21

Stop posting this garbage RMC its making too much sense and is causing a red substance to run from my ears. How can we have baseless hate and opinions on nintendos doom and gloom when something like this exists on the internet making us all look stupid when ever we try to convince people we are all knowing and that Nintendo r teh doom3d

by **tellis429** » 13 Mar 2012 02:24

gtt wrote:and they'll still cut corners on hardware and network infrastructure.

but yea, nintendo is sooooo doomed. totally like sega in 2001 here.

Seems like they've learned their lesson this time around (thank to wii and 3ds), so there is a lot to look forward to. Rather than using all that money in their bank to fund some form of retaliation console to the 720 and ps4, let's hope Nintendo gives the Wii U a little staying power.

by **Orian** » 13 Mar 2012 02:29

I've known this for a while now, there's a reason the actual industry never really says that Nintendo is doomed. It's a well known, but somewhat secret, fact that Nintendo has socked away billions.

by **kernal** » 13 Mar 2012 02:32

can someone form this article into a suppository and then shove that into the lower "mouth" michael pachter spews his garbage from?

by **V3N0M** » 13 Mar 2012 02:34

kernal wrote:can someone form this article into a suppository and then shove that into the lower "mouth" michael pachter spews his garbage from?

Amen. Can I get an Amen?

by **ChozoBoy** » 13 Mar 2012 02:38

Doomed I tells ya!

by **Jack_Atlas** » 13 Mar 2012 02:47

V3N0M wrote:
kernal wrote:can someone form this article into a suppository and then shove that into the lower "mouth" michael pachter spews his garbage from?

Amen. Can I get an Amen?

Amen and with that we now need the Rock's #BootsToAsses posted here

by **FrenchFryGuy** » 13 Mar 2012 02:52

But...but...Nintendo is supposed to be DOOOOOOMED!!!

by **mock turtle** » 13 Mar 2012 03:18

...The only thing I got from this is that someday I will die and will no longer be able to play games. So now I'm sad.

by **kdognumba1** » 13 Mar 2012 03:30

And somehow Michael Pachter missed this key financial fact.

by **GazerOfStars5** » 13 Mar 2012 03:42

Good to hear! I don't know how I'd go on without the big n.

by **supadude5000** » 13 Mar 2012 03:47

Though, if they take another $800 million loss, then they might be in worry mode. A lot is riding on the success of the WiiU. They've got to get it right. Just show HD Zelda, Wii Sports, Wii Fit, and a competitive download market and things should be great. (Seriously, I hope Nintendo is looking at what Steam is doing.)

by **zyxion1** » 13 Mar 2012 03:47

@LOLhahaDEAD absolutely and hopefully forever!!

by **Orbulon** » 13 Mar 2012 04:36

hmmm... missed this in your FINANCIAL analysis didnt you pachter?!

by **Hamr** » 13 Mar 2012 05:44

This is old news. I definitely remember seeing that 'in the bank' number amid some financial analysis a few weeks back and thinking 'Oh, so if they have made an aggregate of 30 billion USD equivalent over the years, that means that about 2/3 of what they make gets re-invested into R&D or paid out as dividends.'

Fairly sure the number got lost in the scuffle because we were whining about Pachter and company being dolts then, too.

by **Chosenoneknuckles** » 13 Mar 2012 06:00

@led-naruto This.

by **Swedish_Otaku** » 13 Mar 2012 06:16

Most people knew this, that Nintendo does what they want because they have so much money, and will not be out of the industry for a very very long time. We just didn't know the figures and it's nice to have proof.