Tag: Business - Page 12
News Full Extent of Nintendo of Europe Job Cuts Becomes Clear
Around 320 roles are lost overall
Earlier this year we reported on a reshuffle at Nintendo of Europe that was bringing the loss of 130 permanent jobs, with the Großostheim office in Germany being the largest affected area due to its closure. It's emerged, however, that the total number of roles that will be lost as of 31st August is nearer 320. As...
News Nintendo Stock Value Climbs to Highest Point Since Late February
Moving up
Nintendo's stock value has had a funny year, with a rapid spike and equally sudden decline showing how temperamental the markets can be. Since late January the big N's stock has fluctuated, but the general trend has been upwards. We reported on this in some detail in late May, with the value heading back to stable levels seen throughout...
News Wii U Purchasing Intent Increases By Half In The Wake Of Strong E3 Showing
Another spin on the "Nintendo wins E3" debate
A recent survey commissioned by IHS in partnership with Gamer Network has revealed that Nintendo's strong showing at E3 caused a massive spike in purchasing intent for the Wii U. Around a thousand core gamers were quizzed on various purchase intentions before and after the event. The Wii U began E3 as...
News Sony: PS4 Is "Welcoming Back" Wii Owners Who Skipped PS3 And 360 Last Gen
Remastered PS3 classics are tempting Wii owners, says Sony's Andrew House
Wii owners who decided against buying a PS3 or 360 are flocking to the PS4 in droves, according to Sony Computer Entertainment boss Andrew House. Speaking to Eurogamer at the recent Develop conference in the UK, House echoed recent statements made by Sony Worldwide Studios...
News Iwata's Approval Rating Rises While Miyamoto's Drops Slightly
Small shifts across the board
The results from Nintendo's AGM are in, and as we already know, Nintendo president Satoru Iwata isn't going anywhere — his approval rating has actually risen over the past year by 3 percent. Last year, his rating was 77.26 percent, but this year's figure is a slightly better 80.64 percent. However, this rise was...
News Mario Kart 8 Speeds Past The Two Million Copies Sold Barrier In Less Than A Month
Wii U hardware sales are up, too
During Nintendo's 74th Annual General Meeting of Shareholders it has been revealed that Mario Kart 8 has shifted an impressive two million copies in the month it has been on sale. In addition to this welcome news, it has also been stated that Wii U hardware sales are on the rise too — although this presumably...
News Veteran Publisher THQ To Rise From The Dead, In Name At Least
Nordic Games looking to revive the brand, more Darksiders coming
Publisher THQ went bust last year, bringing to an end a story which dates right back to the days of the NES and Game Boy. The company's assets were sold off at auction and Nordic Games came away with plenty — including the rights to franchises such as Red Faction and Darksiders...
News Sony Overtakes Nintendo In Global Hardware Sales For The First Time In Eight Years
Sony shifted 18.7 million consoles, Nintendo 16.3 million
It has been revealed that in the financial year that has just concluded, Sony has sold more consoles worldwide than its rivals Nintendo and Microsoft. For the first time since 2006, Sony has beaten its Japanese competitor in terms of hardware units retailed. Sony sold 18.7 million PS4, PS3,...
News 130 Jobs To Go In Nintendo Of Europe Reshuffle
Nintendo's Großostheim office closes
Nintendo of Europe is closing its Großostheim office in Germany and axing a smaller number of roles at its HQ in Frankfurt. The move comes as part of a streamlining process which will allow the company to perform better in the European market in the future. Nintendo of Europe has released a statement...
News Download Sales On Nintendo Formats Have Trebled In The Last Two Years
$235 million in digital sales gained in the past 12 months
Nintendo has confirmed that digital revenue across its consoles has tripled in the past two years. Nintendo President Satoru Iwata revealed the statistic at the recent investor's briefing, explaining that during the financial period between April 2013 and March 2014, around 24 billion Yen...
News Nintendo Looking To "Harvest" 3DS Success To Avoid An "Unacceptable" Fourth Year Of Losses
"We would like to retrieve 'Nintendo-like' profits as soon as possible"
In its recently-posted investor's briefing, Nintendo has revealed its plans for the near future and how it aims to turn around three years of consecutive operating losses. We've already heard about the proposed
News Satoru Iwata Speaks Of The Need To "Redefine" Nintendo's Position In The Entertainment Industry
"Nintendo is a company that can do whatever they want"
Nintendo president Satoru Iwata may be under the cosh at the moment thanks to the growing discontent of the company's shareholders, but he has revealed to Japanese site Diamond Online that he feels he is carrying on the will of the late Hiroshi Yamauchi by ensuring that the firm is always...
News Report Suggests That June Could Be Crucial For Iwata's Future At The Head Of Nintendo
CEO's internal approval rating has dropped to 77.26 percent
A report by Japanese business publication Nikkei suggests that Satoru Iwata is facing his sternest test yet as Nintendo CEO. It has been revealed that Iwata's internal approval rating has dropped from from 92.89 percent in 2011 to 77.26 percent in 2013. This has led to speculation that he...
News Dedicated Video Game Platforms To Remain Nintendo's Core Focus, Says Iwata
Next 10 years will see Nintendo "redefine" entertainment
Nintendo president Satoru Iwata has updated his personal message on Nintendo's site to reflect the company's recently-announced plans for its "Quality of Life" platform. Iwata reiterates his stance that Nintendo needs to maintain its focus on having its own dedicated hardware and software...
News Investor Wants Nintendo To Create Mobile Titles With Game-Altering In-App Purchases
"Just think of paying 99 cents just to get Mario to jump a little higher"
Please understand, Nintendo isn't keen on bringing its library of games to mobile right now — company president Satoru Iwata has been pretty firm on that point. However, Nintendo is an organisation which has shareholders, and that means it constantly faces pressure from...
Could this be the birth of Nintendo Austria?
As we all know, Nintendo has offices all over the world which handle the marketing and distribution of the company's products in different regions — we've got Nintendo of America, Nintendo UK and Nintendo of Europe, for example. We could now be seeing the formation of an Austrian office, as Nintendo...
News Yamauchi's Heirs Have "Desire To Sell" Shares In Nintendo, Claims Report
Nintendo willing to splash $1.1 billion in buyback deal
It was previously reported that Nintendo was looking to buy back as many as 10 million of its own shares in a buyback deal, and today more details regarding that arrangement have been revealed. Bloomberg is reporting that the heirs of
News Iwata And Miyamoto Both Take Pay Cuts In Response To Nintendo's Poor Financial Results
Iwata halves his salary, Miyamoto takes a 30 percent cut
It has been revealed that Nintendo president Satoru Iwata will be taking a 50 percent pay reduction following Nintendo's recent financial results. He's not the only one taking a cut; legendary game designer Shigeru Miyamoto will see his wage slashed by 30 percent, as will fellow Nintendo...
News $1.2 Billion Wiped Off Nintendo's Market Value As Share Prices Plummet
Biggest decline since September
The recent news that Nintendo expects to sell less Wii U and 3DS consoles — as well as make a loss — has caused the company's share prices to drop dramatically. Friday's announcement that Nintendo expects to make an operating loss of 35 billion Yen ($335 million / £205 million) this financial year — after...
News 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...
"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
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'
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
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. Yamauchi's...
News 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
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
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 GamerPrint Gets Festive With Video Game Christmas Cards
Ho Ho Bros
It's almost that time of year, when everyone is merry, bright, and decking the halls with boughs of holly. Whether we like it or not, it's creeping up fast. Buying cards for this festive time, meanwhile, can often be a little bit dull, but GamerPrint has something to offer gamers for the upcoming holiday season. The gaming enthusiast's...
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...
