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Nintendo report huge profit rise

Discussion in 'Nintendo Forums' started by RL123, Aug 2, 2004.

  1. RL123

    RL123
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  2. CAS FAN

    CAS FAN
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    It's good to see Ninty doing well although it's really the GBA that makes them the money. They still sell strongly at £85 where as the GC was given away free every time you bought some chewing gum (well £40 but you get point).

    Microsoft as a company are doing better and better each year as their annual reports show. Their net income in 2003 was a little under $10 billion and they now have total assets of around $90 billion! To contrast Ninty's income was $202 million in Q2 of this year (95% up on last year) so even if they continued at these great levels for the year it would only mean an income of around $800 million. Also in contrast Ninty finished Q2 with $6.49 billion on the balance sheet compared to M$'s $90 billion.

    It's the strength of of M$ as a whole that allowed it to make losses of $1.2 billion in the area of home entertainment (mainly the X-Box) last year.

    Ninty are doing very well as they are solely a games company where as M$ are primarily a software company. If M$ didn't have such a successful and dominant business already, it would not be able to compete with the likes of Nintendo when it comes to games consoles.
     
  3. Irons

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    I don't care if the GBA is making all the money to be honest, this just means Nintendo can afford to make fantastic games for the cube like the new Zelda and Prime 2 :D .

    If people don't want to play Nintendo games because they think they are for kids thats their own loss.
     
  4. John C

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    To be fair, the £40 GC was one store only, and stock ran out damnably quick (as I can testify :) ).

    Competition in the console market is a god thing, in any case, as it keeps companies and retailers offering better bundles, and lower prices. Healthy profits at Nintendo is good for everyone, I think.
     
  5. CAS FAN

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    Nintendo games are fantastic and it looks like their handheld domination will continue with the DS. As a games only firm they do very well and I hope they continue producing great games for a long time to come.

    Unfortunately money talks and just as in every other industry it's the really big players that come out on top - eventually. The likes of Microsoft can litterally just chuck as much money as required at their console and buy their success. Sony have taken the console world by storm and pushed aside companies such as Sega, SNK & Nintendo and M$ are looking like they will join them!

    Long term (as much as I hate to admit it) I see the console market being run by the two giants that are the Sony Corporation and Microsoft :( . I feel privilaged to have grown up during the age of the NES, Master System, Megadrive, SNES, Saturn & N64 - a time when gaming was fun & exciting! Witnessing the birth of Sonic, Mario, Zelda, Metroid, Alex Kidd & Bomberman and playing games that seemed to have been created with one goal in mind - fun! Don't get me wrong, I still love gaming and there are still some fantastic games developers out there. The big organisations getting involved is really due to the success of gaming as a media format and at the end of the day a successful (if highly comercialised) gaming market is better than no market at all.
     

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