Nintendo cuts profit outlook...

[Freak of Kane]

"TOKYO (Reuters) - Hurt by a strong yen and weak demand for its GameCube console and Game Boy Advance hand-held game machine, Japanese video game maker Nintendo Co. Ltd. cut its full year profit estimate by 10 percent on Thursday.

Only weeks after making bullish statements about demand during the holiday shopping season, the Kyoto-based company said it may fall short of its full-year sales targets for both its home console and portable game machine.

Nintendo's warning that it might fall short of selling six million GameCubes in the business year ending March 31 came one day after rival Sony Corp maintained its target to ship 20 million PlayStation 2 game consoles during the same period.

"We are not changing our GameCube sales target, but there is a definite possibility that we might fall short by around one million units," Nintendo Senior Managing Director Yoshihiro Mori told a news conference in Osaka.

Nintendo, known for its legendary software titles featuring Mario, Donkey Kong and Pokemon, cut its net profit estimate for the year to March to 54 billion yen ($509 million) from a November forecast of 60 billion.

Read the rest at http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=4237103

What happened? Only a couple of weeks ago Nintendo were saying they would definitely meet the 6 million GC target. Oh well. I think they delibrately released news of the DS to keep a low tab on this news. It's forecast that GBA will miss the target by approximately 2 million. GBA needs to be the strongest it can possibly be, ahead of the PSP launch.

Waiting patiently for the analysts to predict doom...

[prime_timer]

theres a full year left. plenty of time to get that last million out there. all they need to do is make some killer bundles, and six million will be reached.

[Linque]

"selling six million GameCubes in the business year ending March 31"

ummm, there's only 2 months left, Nin needs to sell a million, fast!

[blablamax]

It'll be hard .. but maybe FF:CC and MGS will do something .. but I doubt on it .....

[Wh|tE gUy]

See Nintendo? Japan has no love for you other than for your faddy (root: fad) software IE pokemon. Start focusing on America, we love you and we buy your crap

[Cooolcorey]

Nintendo isn't the only company posting lower profits:

http://www.gamespot.com/all/news/news_6087125.html

http://www.gamespot.com/all/news/news_6087115.html

[Lovebird]

hmm...interseting indeed

[Spartacus]

CNN: "Nintendo to leave the home console scene"
BBC: "Because of losing lots and lots of money, Nintendo will soon announce that it’s merging with Microsoft."
Some other stupid news thingy: "Nintendo to sell Mario to Sony just so they can keep making games for Xbox."


Ok, so this is a bit exaggerated, but like Kane said, people will soon start to predict Nintendo’s doom….again. :(

[Freak of Kane]

Not trying to do a cheap plug or anything, but be sure to read this story on http://www.gamesindustry.biz - they give a true reflection of the company forecast and actually detail what the real reasons for the lower forecast etc. ie the $ vs the Yen. No doom and gloom to be found there. Other than that, most other companies will be following the trend saying Nintendo's going third party. And you know what? I'll start to panic next generation.

[blablamax]

Originally posted by Spartacus
CNN: "Nintendo to leave the home console scene"
BBC: "Because of losing lots and lots of money, Nintendo will soon announce that it’s merging with Microsoft."
Some other stupid news thingy: "Nintendo to sell Mario to Sony just so they can keep making games for Xbox."


:(

That sound's ridiculous!!:eek:

[CronoEdge]

Originally posted by Spartacus
CNN: "Nintendo to leave the home console scene"
BBC: "Because of losing lots and lots of money, Nintendo will soon announce that it’s merging with Microsoft."
Some other stupid news thingy: "Nintendo to sell Mario to Sony just so they can keep making games for Xbox."


Ok, so this is a bit exaggerated, but like Kane said, people will soon start to predict Nintendo’s doom….again. :(

lol

The real sad thing is that those are "respectable" News agency's.

[indivi]

Weak demand for the GBA? Yeah, it's only the best-selling piece of game hardware in the world. ¬¬

Anyway, demand for the Gamecube has been a lot higher in the past few months than it was before that. It will only increase from here with the release of big titles like FF:CC, MGS:TTS, RE4, etc.