Business News

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...

News: Profits Down 46% As Nintendo Makes $1.3 Billion

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 billion / £814m, compared with $2.31 billion / £1.4..

News: Konami to Take Over Hudson in April

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 new arrangement will switch this to a 100% stake,..

News: Nintendo and American Heart Association Team Up to Promote Healthy Living

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 "active" games, including Wii Fit Plus and Wii..

News: Former Nintendo Executive Lands Marketing Role at 38 Studios

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 position at Reebok for 16 years. With all of this..

News: Nintendo Relicenses SC Texture Technology

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 today's hardware accelerated gaming titles. This..

News: It's Official: Nintendo is the Best

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 world when it comes to 2008 sales and international..