Business News - Page 2

News: Nintendo President Satoru Iwata "Has Earned The Right To Fail", Says David Jaffe

Nintendo President Satoru Iwata "Has Earned The Right To Fail", Says David Jaffe

Nintendo's "ups and downs" are what make the company great

Yesterday, Nintendo revealed that it was slashing its hardware projections for this financial year and that it expects to make a loss — not the kind of news that under-fire president Satoru Iwata will have wanted to impart to investors and shareholders, we're sure. Iwata himself has...

News: We Cannot Continue Without Winning, But It's Not As Simple As Moving Mario To Smartphones, Insists Iwata

We Cannot Continue Without Winning, But It's Not As Simple As Moving Mario To Smartphones, Insists Iwata

"We are thinking about a new business structure"

The news that Nintendo has reduced its hardware sales projections for this financial year and expects to make a loss has come as quite a blow to dedicated followers of the company, and has led some critics to repeat claims that the firm needs to move away from making its own hardware and embrace rival...

News: Iwata Accepts Responsibility For Poor Financial Results, Ignores Calls To Resign

Iwata Accepts Responsibility For Poor Financial Results, Ignores Calls To Resign

No management shake-up expected

Nintendo president Satoru Iwata has taken responsibility for the poor financial results posted earlier today but has insisted that he will remain in charge in order to steer the Japanese company through these testing times. Nintendo's latest report reveals that it expects to sell less Wii U and 3DS consoles by the...

News: EA Executive: Shigeru Miyamoto is 'Falling Down on the Job'

EA Executive: Shigeru Miyamoto is 'Falling Down on the Job'

Says consoles' demands are making consumers turn to mobile

Lately, it seems Nintendo has received its fair share of disparaging remarks from EA representatives, along with unflattering comparisons to Apple. And now today, at D.I.C.E. Europe, came the one-two combo of an EA executive unflatteringly comparing Nintendo to Apple. EA Chief Creative...

News: Howard Lincoln: Nintendo Has "No Plans" to Sell Stake in Mariners MLB Team

Howard Lincoln: Nintendo Has "No Plans" to Sell Stake in Mariners MLB Team

The late Hiroshi Yamauchi kept the team in Seattle

One of the many stories surrounding the remembrance of former Nintendo President Hiroshi Yamauchi is how he’s considered the saviour of the Seattle Mariners baseball team, taking a majority share of the organization in 1992 when its previous owner was about to sell it to a Florida group...

News: Atlus Reaches Out to Fans Regarding Acquisition by Sega

Atlus Reaches Out to Fans Regarding Acquisition by Sega

“Sega understands our drive to achieve quality”

With news that Sega Sammy has acquired Atlus’s parent company, Index still being freshly digested by many, Atlus President and CEO Naota Hiraoka has released a statement addressed to the company’s fans and customers. Hiraoka gives a brief recap of Index’s troubles and how Atlus will continue...

Rumour: Nintendo Is Shaping Up To Acquire Troubled Atlus

Nintendo Is Shaping Up To Acquire Troubled Atlus

Could the esteemed Shin Megami Tensei developer become an in-house studio?

Atlus may be riding high on the success of Shin Megami Tensei IV, but its parent company Index is in serious financial trouble and is likely to begin auctioning off its assets — Atlus included — as early as this week. Interestingly, there are rumours circulating that...

News: Former Nintendo President Hiroshi Yamauchi Slumps To 13th In Japan's Rich List

Former Nintendo President Hiroshi Yamauchi Slumps To 13th In Japan's Rich List

Nintendo's former figurehead impacted by tumbling share value

Having $2.1 billion in the bank would make us very happy indeed, but that amount of cash can only secure you 13th place in Japan's rich list, according to Forbes. Former Nintendo President Hiroshi Yamauchi used to be sitting pretty at the top of Japan's richest people, but his fortunes...

News: Business Insider: Wii U Is The Most Fun I've Had With A Game Console, Ever

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: Pressure Group Makes Fresh Calls For Nintendo To Embrace Mobile Phones

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

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

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

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

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

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 world: in the period between June and September it..

News: Nintendo Posts 70 Billion Yen Net Loss in Past Quarter

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...