Nintendo Posts Biggest Q1 Loss In Five Years

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Things just keep getting worse for Nintendo. After that bizarre Pokemon Go stock spike and the subsequent decline earlier this week, the company just turned in the biggest first quarter losses in five years. :(

Nintendo made a net loss of ‎¥24.5 billion ($232m/£177.3m/€211m) in the first quarter of the fiscal year, its largest Q1 loss since 2011. The company made a ‎¥8.3 billion ($78.7m/£60m/€73m) profit in the same quarter last year, but collapsing sales revenue from its current hardware and software - and, it's reasonable to assume, rising costs associated with its forthcoming NX console - drove a swing in a negative direction. Nintendo earned ‎¥61.7 billion ($585 million) in revenue during the quarter, down 31% from the previous year.
 
But I thought Pokémon Go was Nintendo! Hold on while I go to my online stock account. SELL! SELL! SELL!

It's stuff like this which is why you need to take great care in investing. Stock prices aren't always an indicator of company health, and the market often doesn't make sense when looking at the fundamentals.
 
I can't say that I'm terribly surprised, Wii U (even the 3ds) haven't had many huge releases yet this year.

Feeling pretty pumped about the NX rumors though.
 
You hear that? That's investors saying, "make games of other platforms you idiots".
 
DukenukemX said:
You hear that? That's investors saying, "make games of other platforms you idiots".
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They could release the original mario games on my xbone and I would buy them lol. They could easily sell their pride for a fortune on other platforms.
 
"it's reasonable to assume, rising costs associated with its forthcoming NX console - drove a swing in a negative direction. "

Reasonable to assume if you don't understand accrual-based accounting. :p
 
Does this mean that they simply made less money than previous, or that they actually had less than zero income after bills are paid?
The way these things are presented confuses me. I'm not an accounting guy, and I pay people to make my investments.
 
Azphira said:
They need to do like Sega, dump the hardware, sell the content.
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This.

Imagine how much they could make by making an exclusive deal with either Microsoft or Sony.


Imaging what it would do to sales if all new Nintendo games where released on the Xbox or Windows Phone/tablets.
 
NeoNemesis said:
This might be the first Nintendo I buy since the GC.
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The Wii and now the Wii U are pretty rockin systems since you can put homebrew on them and install the emulators for all the old Nintendo systems as well as emulators for other old systems.

Break out a couple (or 4) classic controllers and you have a great all-in-one Nintendo console.
 
SeymourGore said:
I can't say that I'm terribly surprised, Wii U (even the 3ds) haven't had many huge releases yet this year.

Feeling pretty pumped about the NX rumors though.
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The NX sounds crappy. From what i read the controller is a tablet? The tablet controller was a fail on the Wii u so they think they should try it again. I was hoping the NX would be a gamecube successor but it looks like its another kid product like the Wii.
 
cyclone3d said:
The Wii and now the Wii U are pretty rockin systems since you can put homebrew on them and install the emulators for all the old Nintendo systems as well as emulators for other old systems.

Break out a couple (or 4) classic controllers and you have a great all-in-one Nintendo console.
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I didn't know about this! Might give me a reason to get a WiiU. What about N64 games?
 
nvgrim said:
The NX sounds crappy. From what i read the controller is a tablet? The tablet controller was a fail on the Wii u so they think they should try it again. I was hoping the NX would be a gamecube successor but it looks like its another kid product like the Wii.
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I believe that tablet thing was debunked, IIRC
 
Azphira said:
They need to do like Sega, dump the hardware, sell the content.
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Yes. I mean look at all of those amazing Sega games that have come out since then. I mean Sega has do so much with their IPs like Sonic and uhh....Sonic. Oh there was Panzer Dragoon and Jet Set Radio...On the original Xbox. Oh and don't forgot how wonderful it was when Sega were straight up bought by a Pachinko company and that improved their games so much.

Let's not use Sega as an example of what Nintendo should do, okay?
 
nvgrim said:
The NX sounds crappy. From what i read the controller is a tablet? The tablet controller was a fail on the Wii u so they think they should try it again. I was hoping the NX would be a gamecube successor but it looks like its another kid product like the Wii.
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From what I understand, the whole console is a tablet with two detachable controllers.
 
Yeah, I'm a little disappointed with the NX. On the one hand, it would be the most powerful portable jump Nintendo has ever shipped. But as a standalone console (assuming clocked higher because of cooling), it would be only a little more powerful than a Wii U. At least this would mute the wide complains about the new 3DS insanely low resolution screen, as Tegra X1 is aimed at 720p (down-clocked portable) /1080p (docked) gaming.

But having the wider audience of a single console could bring back more 3rd-party developers, since Nintendo already has a bevy of 3rd-parties developing on the 3DS. The people who want to use it at home can use it at home without the added development costs of two releases. And Nintendo saves the cost of developing two consoles.

I will miss the second screen for games like Etrian Odyssey, but for nearly every other game it was wasted real estate. So a single screen is a good move. And 3ds multi-screen support could work the same way it does on the single-screen 2ds, so backward-compatibility is easy.
 
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3DS aside, the last Nintendo console I bought was the Wii. And that's because it was sitting in the thrift store for 40 bucks and included 2 wii controllers and some gamecube controllers and some other stuff. Works well too. I haven't actually played anything on it, either...

To me the 3DS is a piece of crap, too, though. Like every time I compare it to my Vita, I cannot help but shake my head. The Vita is a far, far superior handheld to me in literally every way possible, yet 3DS sells better and has not been abandoned by its creator. Like it's obvious Sony just really screwed up with the Vita marketing and planning. That being said, at least new localized titles are being released for Vita regularly. Being a fan of that type of stuff, I'm still quite happy with it. The 3DS on the other hand has been quite a waste of money, aside from me playing Pokemon Y and a handful of other titles on it (Rune Factory 4, some MP Zelda title). And then Nintendo decided to further piss me off by releasing a "New" version of the 3DS that doesn't suck quite as bad as the current 3DS but is still overall worse than the Vita, and then add a few extra buttons to it so that any new titles released specifically with its functionality will NOT work with the old one. It's crap like that, along with clunky as hell user interfaces and such, that really make gamers lose faith in a company. Or at least it makes me lose faith in it.

I suppose none of that would matter if Nintendo actually had extremely fun content, but the problem is that I can't really think of many ways my experience has been enhanced by all of their gimmicks. It's like they're just trying to be novel, in a silly, juvenile way. There hasn't really been anything ground breaking.

... But I suppose that last statement goes for Sony, Xbox, AND Nintendo. I think Nintendo just needs better software and hardware engineers, though. My experience with my 3DS has been nothing short of clunky.
 
gamerk2 said:
I honestly don't get why people are getting pumped for yet another Tegra based Tablet design.
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It's a Tegra-based system but with Nintendo backing it. Think of a 3DS but with a Tegra in it, and you might be more excited. Also by pooling their development teams to focus on one console, the software drought should be remedied.

I'd be more excited if this system did run Android, and also had access to the Nvidia Shield library out of the gate.

The one thing that bothers me is how Nintendo states the uniqueness of the NX - c'mon guys, it's basically the evolutionary idea of the Wii U and its Gamepad.

StoleMyOwnCar said:
To me the 3DS is a piece of crap, too, though. Like every time I compare it to my Vita, I cannot help but shake my head. The Vita is a far, far superior handheld to me in literally every way possible, yet 3DS sells better and has not been abandoned by its creator. Like it's obvious Sony just really screwed up with the Vita marketing and planning.
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Yar, while I think the 3DS is a quality piece of hardware (especially the New 3DS XL), the Vita feels much more premium, and it's terrible how Sony has treated the platform. PSTV is even worse, because it had so much potential as a streaming/media unit, but it was basically abandoned out of the gate as well.
 
alxlwson said:
I didn't know about this! Might give me a reason to get a WiiU. What about N64 games?
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There is an N64 emulator, but it hasn't been worked on in a while.
Wii64 - WiiBrew

If you look here, it looks like some emulators work better on the Wii, and some work better on vwii of the Wii U.

The Wii supports 240p so the emulated games will look more accurate, while the Wii U does not.. just depends on your preference.

Buying Wii U for emulators?
https://gbatemp.net/threads/buying-wii-u-for-emulators.371570/
I don't have a Wii U, so I can't comment on personal experience, but I do have a Wii. There are a few different ways to do the homebrew hack depending on the version of the Wii. You definitely want one with the GC controller ports for playing GC games though.. if you want to do so.
 
Nintendo sales should go back up with their classic NES sales. Beside, Nintendo are not really in the gaming competition, their audience is mainly for young children.
 
zomby said:
Nintendo sales should go back up with their classic NES sales. Beside, Nintendo are not really in the gaming competition, their audience is mainly for young children.
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Kids, some casual gamers, and the people that buy the systems for a the handful of 1st party games they release. At least for the consoles.
 
Derangel said:
Kids, some casual gamers, and the people that buy the systems for a the handful of 1st party games they release. At least for the consoles.
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I love Nintendo. Their first party titles are excellent. I do wish that they would release a system with some better graphics capability. That is my only concern/issue with them.
 
zomby said:
Nintendo sales should go back up with their classic NES sales. Beside, Nintendo are not really in the gaming competition, their audience is mainly for young children.
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And oddly enough, their console, UI, controllers are by far the most difficult and confusing for young children.
 
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I'm sure with the release of Animal Crossing for phones the numbers will go up... All joking aside that will be a day 1 download for me. lol
 
I will say one thing about the NX: I sure hope this "transformer" form-factor is the only bullshit part of this rumor. Not only will these unbalanced controllers lead to fights over who has the cross, it will also inevitably make the portable version bulkier and will feel less solidly built.

nxconcept2-640x335.jpg


Just add an HDMI port, and sell wireless standard controllers like any other console.
 
defaultluser said:
I will say one thing about the NX: I sure hope this "transformer" form-factor is the only bullshit part of this rumor. Not only will these unbalanced controllers lead to fights over who has the cross, it will also inevitably make the portable version bulkier and will feel less solidly built.

nxconcept2-640x335.jpg


Just add an HDMI port, and sell wireless standard controllers like any other console.
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Yar, while that mockup is by no means official (eurogamer editorial sketched this out, iirc) the transforming aspect of it does have me concerned. I'd be worried about a 'wobble' to the handheld if things are detachable. I'd prefer something solid with a clamshell (to protect that screen, especially when docked).

Nice, solid wireless controller could be sold separately for use in 'TV' mode.
 
Yeah, I could even live without the clamshell if Nintendo wants to go 1 big single screen like the 2ds. Just give me a SOLID UNIT that is built like a tank, and Ill deal with adding a screen protector to the thing.
 
Darunion said:
They could release the original mario games on my xbone and I would buy them lol. They could easily sell their pride for a fortune on other platforms.
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Pride doesnt put food on the table, kill or be killed. They should make games for all platforms and make a killing, should have done that after Wii.

Glad To not own a Wii or Wii U. Don't care about the NX either.
 
Ninty will sink themselves in the ground once again w/ the disappointment known as NX... Guess they'll never learn
 
I would love to see a new handheld with:

-Dual analog sticks - not the fucking C nub, please...it works but only barely and only for certain things
-Higher-res screen - they should be able to do this, and don't just increase the pixel size with an XL version
-Move away from carts entirely and just have a microSD slot
-Games that actually USE increased CPU power - the New 3DS has what, ONE fucking game designed for it, and it's been out for over a year? Come on.

I've gotten a lot of use out of my N3DS and still enjoy it, but it could be SO much better.
 
I'll get an NX for my kids i it supports the 78 controllers I have for the Wii U. They love the Nintendo brand games.
 
SeymourGore said:
I can't say that I'm terribly surprised, Wii U (even the 3ds) haven't had many huge releases yet this year.

Feeling pretty pumped about the NX rumors though.
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Im the opposite, feeling pretty deflated about about a tablet 'console'.
I was pumped to think it was going to be cartrige-based powerful console..
Im not too against less-poweful consoles to be honest, but I'm not too sure a gaming tablet makes any sense... they are better off releasing their games in apple/android/amazon.
I like my Wii, and I like my wii motes.. I like it for point and shoot better than a PS3 control.
I was thinking they would do a poweful wii, with traditional controls, much improved wii-motes, and maybe VR-compatible (That I would think it far-fetched).
 
nvgrim said:
The NX sounds crappy. From what i read the controller is a tablet? The tablet controller was a fail on the Wii u so they think they should try it again. I was hoping the NX would be a gamecube successor but it looks like its another kid product like the Wii.
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I'm thinking along these lines too. The NES, SNES, N64, even NGC were about good hardware and great games. The Wii was a successful gimmick, the Wii U is a failed gimmick. Nintendo COULD pull a rabbit out of its hat and make the NX amazing and way out of the box in a good way. BUT its sofar looking like another gimmick. If NX suffers a fate similar to Wii U, then I only see them going the Sega route.

(Microsoft should have saved their $26B from buying LinkedIn to buy Nintendo if NX flops)
 
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