Iwata seemed confident that the recession would not have a negative effect on the sales of Nintendo products. "When the economy is strong, people tend to buy three things from the top of their wish list. But when things are bad, people often buy only the first thing on their list," he commented. "Fortunately for us a lot of shoppers put our products at the top of their list."
While it seems likely that Nintendo will surpass the 981,000 Wii consoles they sold last November, it won't be confirmed until the NPD Group releases their video game sales numbers on Thursday, December 11th.
Nintendo is happy now but the casual gamers will dry up sooner or later. Just wait, and all software sales will dry up and hardware sales will drop like a rock. They will come begging for support from hardcore gamers who are willing to buy games in bad economic times. I wonder how many Wii's have already been sold to pawn shops to get money to pay the bills. This is all to similar to the crash of Atari , because it got so popular that so many horrible games were released.
I love Nintendo still, but I don't like how they are becoming so damn arrogant again. Sin and Punishment 2, Punch Out Wii are great but I need more than 2 games a year to make me happy.
I wonder how many Wii's have already been sold to pawn shops to get money to pay the bills.
I wonder how many Wii's have already been sold to pawn shops to get money to pay the bills.
I miss the Rat :(
I wonder how many Wii's have already been sold to pawn shops to get money to pay the bills.
I miss the Rat :(
I bet they sell their Wii's to pawn shops and then go out and buy another Wii, a sign of their enslavementr to Nintendo. That is the only logical way to explain the huge sales numbers.
Nintendo should still hold back their arrogance - that's what f*cked them up in 1996 and will f*ck them up again at some point in the future. They learned nothing and history will repeat itself. But when? I don't know.
So, 3 thinner soccer moms in a few months from now. This is great news.
A cheap console sells in tough economic times. Shocker.
A cheap console sells in tough economic times. Shocker.
As proven by Xbox 360 Arcade. Oh wait!
A cheap console sells in tough economic times. Shocker.
As proven by Xbox 360 Arcade. Oh wait!
Actually, I suspect that the XBox 360 at $200 is what's buoying XBox 360 sales at the moment. MS dodged a bullet there, and their multi-SKU strategy worked out for them in this instance.
Ignoring the angst, it IS impressive that despite a recession videogames sold EXTREMELY well. Then again, its been confirmed that entertaintment venues see great profit during tough economic times. People seek to escape the grim times.
Time and time again, I see the word "family" popping up on these sales stories. I think the Wii is in a good place with its focus on gamers from 5 to 95. I also wonder where people get this argument that "casuals will be the first to abandon videogames in a recession." It sounds very convincing, but I've yet to see proof.
Heck the board game industry is still sticking around. That has always been a more casual (and expensive) hobby (I still love board games).
Jesus Christ...
First off, I don't see a lick of arrogance anywhere. I've seen WORSE. Iwata is just pleased that despite tough economic times people are still buying games. What did just expect in a POSITIVE PR statement?
Jesus Christ...
First off, I don't see a lick of arrogance anywhere. I've seen WORSE. Iwata is just pleased that despite tough economic times people are still buying games. What did just expect in a POSITIVE PR statement?
QTF
This is a statement made to Reuters, not to EGM. They're not being arrogant, they're trying to increase the value of their stock.
A CEO's job is to make money for the company's owners.
When the economy is strong, people tend to buy three things from the top of their wish list. But when things are bad, people often buy only the first thing on their list... Fortunately for us a lot of shoppers put our products at the top of their list.
Time and time again, I see the word "family" popping up on these sales stories. I think the Wii is in a good place with its focus on gamers from 5 to 95. I also wonder where people get this argument that "casuals will be the first to abandon videogames in a recession." It sounds very convincing, but I've yet to see proof.
Time and time again, I see the word "family" popping up on these sales stories. I think the Wii is in a good place with its focus on gamers from 5 to 95. I also wonder where people get this argument that "casuals will be the first to abandon videogames in a recession." It sounds very convincing, but I've yet to see proof.
DSi is proof. DS Lites stopped selling because guess what everyone had one. Sooner or later everyone who wants a Wii will have one. After DS Lite sales fell DSi was born as a cheap gimmick to get out more sales.
I wonder about software sales, I think that might take a huge dip.
I just find it hard to believe this is a long term sustainable business model.
Time and time again, I see the word "family" popping up on these sales stories. I think the Wii is in a good place with its focus on gamers from 5 to 95. I also wonder where people get this argument that "casuals will be the first to abandon videogames in a recession." It sounds very convincing, but I've yet to see proof.
DSi is proof. DS Lites stopped selling because guess what everyone had one. Sooner or later everyone who wants a Wii will have one. After DS Lite sales fell DSi was born as a cheap gimmick to get out more sales.
I wonder about software sales, I think that might take a huge dip.
I just find it hard to believe this is a long term sustainable business model.
How do those two things relate?
Time and time again, I see the word "family" popping up on these sales stories. I think the Wii is in a good place with its focus on gamers from 5 to 95. I also wonder where people get this argument that "casuals will be the first to abandon videogames in a recession." It sounds very convincing, but I've yet to see proof.
DSi is proof. DS Lites stopped selling because guess what everyone had one. Sooner or later everyone who wants a Wii will have one. After DS Lite sales fell DSi was born as a cheap gimmick to get out more sales.
I wonder about software sales, I think that might take a huge dip.
I just find it hard to believe this is a long term sustainable business model.
Time and time again, I see the word "family" popping up on these sales stories. I think the Wii is in a good place with its focus on gamers from 5 to 95. I also wonder where people get this argument that "casuals will be the first to abandon videogames in a recession." It sounds very convincing, but I've yet to see proof.
DSi is proof. DS Lites stopped selling because guess what everyone had one. Sooner or later everyone who wants a Wii will have one. After DS Lite sales fell DSi was born as a cheap gimmick to get out more sales.
I wonder about software sales, I think that might take a huge dip.
I just find it hard to believe this is a long term sustainable business model.
I've often thought that those who crucify Nintendo for failing its fans have forgotten how little such fans rewarded Nintendo during the GameCube era.
