Tag: Business - Page 10
News Business Insider: Wii U Is The Most Fun I've Had With A Game Console, Ever
Glowing praise from an unlikely source
As the Nintendo-loving world waits with bated breath for the Wii U to launch and various skeptics pour scorn over its chances, it would appear that the new format has unequivocal support from one sector of the market, at least. Business Insider's Dylan Love got some hands-on time with the new console at a...
News Nintendo Responds To Foxconn's Admission Of Guilt In Child Labour Scandal
"We take our responsibilities as a global company very seriously"
Yesterday, allegations surfaced online that Chinese manufacturer Foxconn - which counts Nintendo, Sony and Apple as some of its clients - was employing children in its factories. Foxconn has since admitted guilt, issuing the following statement: We recognize that full...
News Pressure Group Makes Fresh Calls For Nintendo To Embrace Mobile Phones
Upwardly mobile?
Are you sick of hearing people saying that Nintendo should start making games for smartphones? Yes? Well prepare yourself for more nausea, because a new pressure group - with the snappy title of Nintendo Go Mobile - has been created to achieve just that goal. Here's what they have to say, spelling errors and all: Nintendo go...
News Analyst Calls for Mario on Non-Nintendo Platforms
Is that a flying pig?
After today's financial reports confirmed major losses for Nintendo, there are once again calls for the company to take its greatest IP treasures onto other platforms, such as smartphones and tablets. We've heard this all before, with investors saying similar things when Nintendo dropped the 3DS retail price. It's as likely now...
Talking Point A Big Year for Nintendo
Time for a transition
Today Nintendo announced its annual financial results, and the big headline is that it made a loss of 43 billion Yen, roughly $529m USD or £327m GBP. While we don't need to fear for the future of the company at this stage due to its significant stockpiles of cash and assets, it’s nevertheless a blow for the big N. The loss...
Feature Nintendo Banks on Its Old Money Makers
If in doubt…
Nintendo is set to announce its latest financial results that will cover the past year, and it’s anticipated that, for the first time in its history, the company will record a yearly loss. It’s an obvious blow for Nintendo, particularly as the past five to six years have brought staggering success. Even the results for 2010-2011...
News Iwata: We Want 3DS Sales to Show Consoles are Here to Stay
President comes out swinging
One of the most anticipated 3DS games is nearly here: Super Mario 3D Land releases in Japan next week, and Nintendo president Satoru Iwata expects it to ignite 3DS hardware sales. Speaking to investors after the company's quarterly results, Iwata revealed that since the price drop the 3DS is selling at a better pace than...
News 3DS Hardware Sales Show Big Improvements
Not all doom and gloom
Nintendo just posted a 70 billion Yen loss: even the least economically minded of us can tell you that's not good. Every cloud has a silver lining though, and in this case it's the dramatically increased upswing in sales of the 3DS. In the period between April and June 2011, Nintendo shifted just 710,000 consoles around the...
News Nintendo Posts 70 Billion Yen Net Loss in Past Quarter
The results are in
Nintendo's quarterly financial results just appeared on the company's Japanese site and, as expected, the company is still struggling in the market. Nintendo failed to meet its sales targets set in July 2011, with DS software and the 3DS still dropping short of expectations, missing its ¥240 billion income target by 10%. This in...
News Nintendo Social Responsibility Report Makes Fascinating Reading
"Putting smiles on faces" paramount
Nintendo is all about creating games, but it's also a huge company with all the business stuff that entails: shareholders, finance sheets and stacks of paperwork. Business documents can be exceedingly boring, but when Nintendo's Corporate Social Responsibility (CSR) report starts with a message of "Bringing...
News Profits Down 46% As Nintendo Makes $1.3 Billion
Cuts sales projections for Wii and DS
The accounting period just before launching a new console is always a tough one: who's likely to shell out for a machine when a newer, shinier model is on the horizon? Perhaps that's partly to blame for a sharp decrease in Nintendo's third-quarter profits which saw the company's operating profit drop to $1.3...
News Konami to Take Over Hudson in April
Studio to be absorbed like one of Bomberman's explosions
Hudson, well known for its Bomberman and Deca Sports series, is to be fully absorbed by Konami on April 1 of this year. Konami, the studio behind Castlevania, Dance Dance Revolution, Silent Hill and many other titles has been Hudson's parent company since April 2005, holding a 54% stake. The...
News Nintendo and American Heart Association Team Up to Promote Healthy Living
Collaboration intends to get more people active through physical play
Nintendo and the American Heart Association have announced a new partnership to help people become more physically active through play. The collaboration aims to get people "motivated, empowered and active." What this means on a surface level is that Nintendo's...
News Miyamoto: Nintendo May Need to Rethink its Online Approach
Says a pay service isn't out of the question
Compared to Xbox Live and PlayStation Network, the Wii's online service is...somewhat lacking. While functional when put to use by capable hands, the Wii's free online is undoubtedly in last place when it comes to services, ease of use and capabilities offered. But hey, it's free, right? For now it is, at...
News Former Nintendo Executive Lands Marketing Role at 38 Studios
Could she be a Red Sox fan?
Denise Kaigler, former vice president of corporate affairs at Nintendo of America, has reintegrated herself into the video game industry after giving up her position last November due to the strain commuting had put on her family life. Prior to her two years of service at Nintendo, Kaigler held a marketing executive...
News Nintendo Relicenses SC Texture Technology
Unwilling to let GameCube compression tech go
Nintendo recently renewed their license with S3 Graphics to continue using their S3 Texture Compression technology. They explain the tech as follows: S3TC texture compression uses an advanced compression algorithm that achieves up to six-fold compression of complex textures and images that are used in...
News It's Official: Nintendo is the Best
Are you going to argue with the experts at A.T. Kearney, punk?
As hardcore Nintendo fans we're all aware that the company is pretty freakin' special. However, it's always nice to have this kind of thing confirmed semi-officially, so the fact that highly respected consulting firm A.T. Kearney has decided that Nintendo is the number one firm in the...
