Post by: WindyMan on August 05, 2003, 09:48:58 AM
In a quarterly financial statement, Nintendo is reporting that it has made a profit of ¥11.5 billion ($95 million) in the April-May-June period, almost all in part to the skyrocketing sales of the Game Boy Advance. Oddly enough, this is the first time that Nintendo has disclosed its quarterly earnings report, normally waiting until the end of the year before revealing any of its financials.
In this three month span, 3.24 million GBAs and GBA SPs were sold worldwide. That's all well and good, but in comparison to the 80,000 GameCubes sold in the same period, it's causing Nintendo's investors to worry. The company is sticking to its goal of six million systems sold before the end of March 2004, but many feel that if Nintendo can't get rid of its excessive inventory of systems before Christmas, it won't get rid of them.
Analysts believe that a GameCube price drop is in Nintendo's near future if it hopes to reach its target of six million. Still, Nintendo does hold a small margin over the Xbox in worldwide sales, with 9.6 million GCs and 9.4 million Xboxes sold worldwide.
Post by: Fish on August 05, 2003, 02:03:12 PM
In a quarterly financial statement, Nintendo is reporting that it has made a profit of ¥11.5 billion ($95 million) in the April-May-June period, almost all in part to the skyrocketing sales of the Game Boy Advance. Oddly enough, this is the first time that Nintendo has disclosed its quarterly earnings report, normally waiting until the end of the year before revealing any of its financials.
In this three month span, 3.24 million GBAs and GBA SPs were sold worldwide. That's all well and good, but in comparison to the 80,000 GameCubes sold in the same period, it's causing Nintendo's investors to worry. The company is sticking to its goal of six million systems sold before the end of March 2004, but many feel that if Nintendo can't get rid of its excessive inventory of systems before Christmas, it won't get rid of them.
Analysts believe that a GameCube price drop is in Nintendo's near future if it hopes to reach its target of six million. Still, Nintendo does hold a small margin over the Xbox in worldwide sales, with 9.6 million GCs and 9.4 million Xboxes sold worldwide.
Post by: mjbd on August 05, 2003, 02:30:45 PM
In a quarterly financial statement, Nintendo is reporting that it has made a profit of ¥11.5 billion ($95 million) in the April-May-June period, almost all in part to the skyrocketing sales of the Game Boy Advance. Oddly enough, this is the first time that Nintendo has disclosed its quarterly earnings report, normally waiting until the end of the year before revealing any of its financials.
In this three month span, 3.24 million GBAs and GBA SPs were sold worldwide. That's all well and good, but in comparison to the 80,000 GameCubes sold in the same period, it's causing Nintendo's investors to worry. The company is sticking to its goal of six million systems sold before the end of March 2004, but many feel that if Nintendo can't get rid of its excessive inventory of systems before Christmas, it won't get rid of them.
Analysts believe that a GameCube price drop is in Nintendo's near future if it hopes to reach its target of six million. Still, Nintendo does hold a small margin over the Xbox in worldwide sales, with 9.6 million GCs and 9.4 million Xboxes sold worldwide.
Post by: Spyjuice10 on August 05, 2003, 02:54:19 PM
In a quarterly financial statement, Nintendo is reporting that it has made a profit of ¥11.5 billion ($95 million) in the April-May-June period, almost all in part to the skyrocketing sales of the Game Boy Advance. Oddly enough, this is the first time that Nintendo has disclosed its quarterly earnings report, normally waiting until the end of the year before revealing any of its financials.
In this three month span, 3.24 million GBAs and GBA SPs were sold worldwide. That's all well and good, but in comparison to the 80,000 GameCubes sold in the same period, it's causing Nintendo's investors to worry. The company is sticking to its goal of six million systems sold before the end of March 2004, but many feel that if Nintendo can't get rid of its excessive inventory of systems before Christmas, it won't get rid of them.
Analysts believe that a GameCube price drop is in Nintendo's near future if it hopes to reach its target of six million. Still, Nintendo does hold a small margin over the Xbox in worldwide sales, with 9.6 million GCs and 9.4 million Xboxes sold worldwide.
Post by: joshnickerson on August 05, 2003, 04:48:16 PM
In a quarterly financial statement, Nintendo is reporting that it has made a profit of ¥11.5 billion ($95 million) in the April-May-June period, almost all in part to the skyrocketing sales of the Game Boy Advance. Oddly enough, this is the first time that Nintendo has disclosed its quarterly earnings report, normally waiting until the end of the year before revealing any of its financials.
In this three month span, 3.24 million GBAs and GBA SPs were sold worldwide. That's all well and good, but in comparison to the 80,000 GameCubes sold in the same period, it's causing Nintendo's investors to worry. The company is sticking to its goal of six million systems sold before the end of March 2004, but many feel that if Nintendo can't get rid of its excessive inventory of systems before Christmas, it won't get rid of them.
Analysts believe that a GameCube price drop is in Nintendo's near future if it hopes to reach its target of six million. Still, Nintendo does hold a small margin over the Xbox in worldwide sales, with 9.6 million GCs and 9.4 million Xboxes sold worldwide.
Post by: PIAC on August 05, 2003, 11:57:56 PM
good and bad news though, good that the GBA is going so strong, not so good about the cube being over stocked :\a MMMMMMASSIVE price drop to like $50us a unit
Post by: GaimeGuy on August 06, 2003, 06:16:27 AM
Post by: GaimeGuy on August 06, 2003, 06:18:26 AM
There was a mass overstockage of GCs in retailers worldwide. Simple reason for a simple solution
Post by: RickPowers on August 06, 2003, 01:04:39 PM
Post by: LOUiE on August 06, 2003, 09:14:25 PM
Post by: RickPowers on August 07, 2003, 06:00:38 AM
Post by: Grey Ninja on August 07, 2003, 01:39:16 PM
Post by: ruby_onix on August 07, 2003, 02:38:37 PM
So apparently almost all retailers have an abundance of GameCubes on hand. In the store.
So Nintendo decided that they're essentially ahead of all the work they need to do, so they stopped making GameCubes for a quarter-year.
Then in their quarterly report (which isn't "sell through" numbers like from NPD or Famitsu) they mentioned that they shipped out 3.24 million GBAs worldwide in the last 3 months, and only 80 thousand GameCubes worldwide.
That is a really low number, so investors got worried. And sites reported on it. And assorted fanboys thought it was proof that Nintendo's turning into Sega. And other sites refused to believe that, so they figured that it had to be a typo, and started saying it must have been 800 thousand (which seems to have no basis in fact).
But it may as well have been zero GameCubes shipped, because Nintendo wasn't making any. Because they didn't need to. And that it wasn't a bad thing, but more of a way to wisely cash in on a symptom of a larger somewhat bothersome problem of of the GameCube not being grabbed up as rapidly as it obviously should be.
