“Nintendo has weathered the economic downturn relatively well thanks to the popularity of the Wii and its DS handheld player, which have catapulted it to the top of the global game market ahead of Sony Corp. and Microsoft Corp.,” Layne reports. “But Nintendo expects its profit to fall for the first time in four years in the current year to March 2010 as the Wii’s momentum slows and the company faces increased competition in the handheld business from Apple Inc’s iPhone.”
Layne reports, “The company said on Thursday its operating profit came to 40.4 billion yen ($426 million) in April-June, against a 119.2 billion yen profit in the same quarter a year earlier and a consensus estimate of 74.5 billion yen from the average forecast of three analysts polled by Thomson Reuters.”
“Nintendo reiterated its forecast for operating profit to fall to 490 billion yen in the full year to next March, against the market consensus for 514 billion yen,” Layne reports. “Nintendo reiterated its full-year forecast for Wii console sales of 26 million and the DS of 30 million.”
Full article here.
I wish they would release all of the original NES games on iPhone. Id pay for them …
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Note to Nintendo:
Release all of your old games for the iPhone/iPod touch!
er ….
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Just mention iPhone and it’s mac news. That’s silly. They just mention that Apple’s mobile platform lures some would be dsiware and wiiware developers. Most iPhone game makers aren’t making Wii or DSi games. Some devs but not many. Not really MDN material this is a gaming news story. Check 1up.com and Gamespot.com that’s where it was first reported an that’s where it belongs. Oh they said iPhone. Let me salivate as I cut and paste the article at MDN. At least it’s not days late like most news here. Why don’t you put up a column that has 1up.com news on it right above the Macworld UK news.
The iTablet will be a smashing gaming device.
That’s a huge drop. I guess a pure game platform is more likely to be put in the ‘buy later’ column than a multi-function device like an iPhone or iMac.
But dropping demand for the Wii? You still can’t get one in the shops around here. Lots of XBoxes and PlayStations on the shelves, though.
Nintendo is one of the few companies that I wish Apple would buy.
If I had kids, I would NEVER buy them a dopey one-trick-pony handheld gaming toy. It’s just too limited and makes little sense.
An iPod touch makes so much more sense:
it plays games
it plays music
it has all the functions of a traditional PDA
it can be used for email
it can be used or internet research
with the App Store, there are tons of great legitimate tools that can help with schoolwork
it can use instant messaging (save me money on cell phone SMS service)
with a headset it can be used for Skype or to record classes or lectures
it has a rechargeable battery!
I’d retain some control over what gets loaded on it!
It’s win win win all the way!
I don’t see how Nintendo can even HOPE to compete against the iPhone/iPod touch platform.
It seems as though every day there are stories about how the iPhone is negatively effecting other products. It’s scary how far ahead the iPhone/iPod touch platform in comparison!
This is at least partly due to the ridiculously strong Japanese yen.
More specifically, the yen is like 20 percent stronger than it was at this time last year.
Hey I just wanted MDN to know the is a story on 1up.com where a developer said the “iPhone” was more powerful than the Wii. Hint, hint, time to cut and paste!
@TowerTone you just can’t buy companies because you have money. Look it up, Nintendo is loaded with cash. Mostly because the Wii cost dirt to build.
@Mr. Reee we all know the iPhone is great. Hell I love mine. But the games are a temporary fix and most real games NEED a real D pad. There are no Killer apps that make you say damn I need a iPod touch or iPhone just so I can play that game. Plus the one thing the iPhone could really do we RPGs are MIA on the large scale. If it’s as power as they say it is then where is final fantasy 7 instead you get garbage from square/enix. How about a real RPG developer make a decent game, I mean Konami, Squaresoft, XSeed, ignition, someone.
Whatever (if that’s your real name…)
I wasn’t saying Apple could write a check and get the title.
Owning, merging, or a partnership with Nintendo would give Apple instant access to their library.
The Wii could be replaced by the TV, and the DS by the iPhone/Touch.
Not to oversimplify, but Apple would have a great family offering from games to movies.
They would be a perfect fit.
I’m pretty sure the NES emulator was one of the first hacks tried on an iPhone before the SDK was released.
“More specifically, the yen is like 20 percent stronger than it was at this time last year”
Compared to the USD? Heh, you know everything is stronger than the Greenback right?
@Whatever: “But the games are a temporary fix and most real games NEED a real D pad”
So what’s to stop someone from making a D-Pad for the iPhone?
@TowerTone How could whatever be my real name? My parents would not name me Whatever. Or would they?
@Micheal I dont think the iPhone would ever have a physical D-pad. Which in some cases proves necessary. Just as the Wii allows for Gamecube controllers, Classic controller and other peripherals. For a large number of users a D pad may be necessary. I just think it is silly for people to assume that the iPhone is really a full gaming platform. I could name at least 20 must have DSi games. Out of those only one is on the iPhone: Cooking Mama.
@Whatever who said:
@TowerTone you just can’t buy companies because you have money. Look it up, Nintendo is loaded with cash. Mostly because the Wii cost dirt to build.
“Whatever” needs to send that note to Micro$oft.
Time for Nintendo to talk to Apple about releasing some of their classic titles for iPhone and perhaps create a peripheral controller for enhancing game control. That would be the smart move, rather than attempting to compete with them head-on with the DS series.
Well, I don’t have a Nintendo Wii; but, since I bought an iPhone (and loaded it up with video games) I have not spent more than a couple of hours total playing my PS3.
I could see a D-pad add on that plugs into the dock connector. Why not?
Acquiring a company is admittedly a lot more complicated that just writing a check based on the current market value. Corporations are typically owned by many different institutions and individuals and the price of acquisition would be at a significant premium to the market value. But TowerTone has a point – Nintendo’s Mario games are tremendously popular and have been for many years. I wouldn’t mind having that gaming legacy owned by Apple and available only on Apple hardware in the future.