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In a report from Bloomberg today, it was announced that shares in Nintendo Co. gained their highest value since January 1962, when the company was first listed on the stock market. In a rise of 3.2 percent, the stock rose to the price of 37 450 yen at the close of the Osaka Security Exchange.
Nintendo's annual earnings estimate went up for the fourth time this fiscal year, due mainly to sales of the DS and the Wii, which is selling 2:1 against the PS3. The "overweight" status is JPMorgan's highest ranking, and was also given as a result of the DS and Wii sales, according to JPMorgan analysts Eiji Maeda and Yuko Sekine. In their April 13 report, the analysts expected "operating profit growth to remain strong over the medium term," and forecast that Nintendo shares would gain another 15 percent by April 2008.
This rise in share price was more than double the original price over the past year, and overshadowed the 17 percent rise in Sony stock. Nintendo's sales were up 90 percent, to 966 billion yen ($8.1 billion USD) for the year finishing at the end of March, according to a preliminary earning statement released by Nintendo on April 5. A January report predicted 900 billion yen in sales, with 70 percent of that figure from overseas. The decline in the value of the yen against the euro boosted earnings by approximately 20 billion yen, with no exact number given.
According to Enterbrain Inc., as of last week Nintendo has sold 2.04 million Wii units in Japan since December 2, 2006. Sony has sold approximately 812,000 PS3s between November 11, 2006 and April 2, 2007.
Well, it's likely that if a console sells well, companies will make more games for it. So by that logic, you would want your console to do well.I have yet to get an answer to my question: "Why does it matter if a console you already bought sells more units than another? Why dissuade people from buying others?" Seems foolish because the companies don't really care after you buy the console. Most make very little money of games, but make money off selling the licensing rights, so they don't care what you like. Sell it back to EB games? They don't care because they got your money.
This was disproven last gen when the GCN, despite dismal sales still had good titles and X-Box, while a new comer, had amazing titles as well. The reason for both was their first parties are strong and third parties are mostly ports nowadays. The few "exclusive" third party titles usually end up going to another console later or not being nearly as good as first party titles. But, I can see how people can believe that, so I'll give it to you.Mediocre said:Well, it's likely that if a console sells well, companies will make more games for it. So by that logic, you would want your console to do well.
I would disagree with that. I like a cetain soda because of the way it taste not because of the brand on it. I like a system if it has games I want on it not because it is or isn't made by a certain company and branded with their logo.Mic_128 said:It's a name brand, the same reason people like Pepsi over Coke or Nike over Adidas.
I'm just saying, don't complain about how stupid and a waste of time it is, if you're going to then post. Perhaps it's just me being in a bad mood already (and last night with my other post) but the old saying of "If you don't like it, don't do it" comes to mind.I'll post if I want to and I don't see you stopping me.
Which is exactly my point, if you don't like the PS3 or 360, don't play it. If you don't play it, which I can imagine to be the mass majority of people here, you have no right to bash it. If you played a 5 minute demo in the store, you were going off first reactions which are influenced. I played the Wii and my initial reaction was it wasn't great. I reevaluated that after spending more than 5 minutes on it.Mic_128 said:but the old saying of "If you don't like it, don't do it" comes to mind.
It would be the first for this generation of consoles. The first of last gen was the Xbox, dropping to $200 a mere six months after being released due to horrible sales. As soon as it was dropped to $200 though, it picked up steam.Hey, Cashed, how great would it be if Sony dropped it to like 480 on like the 22nd.
If this price drop goes through, that would be the first of the generation right? Or has the 360 come down any. Pretty shocking as last gen, I think the first drop came about a year later.
I dont know what you mean exactly by "lose". Nintendo has a market selling to a wide area of people including cooped up senior citizens and other people who normally would never touch a video game controller. (My parents thought the Wii was fun. My parents!)That's something the 360 doesn't really aim for so I guess the Wii "wins" in that department.As a Nintendo fanboy, does anyone else think that the Wii is going to lose to t3h 360?
Just because people find it fun, doesn't mean they will buy it. I have tons of friends who don't play video games. We played the Wii at a few parties and they all want me to get one, but have no desire to put the money for one. This was in a sense what Nintendo kept exclaiming; they appeal to the non-gamer. Just the non-gamer sees no reason to pay $250 for a toy.I dont know what you mean exactly by "lose". Nintendo has a market selling to a wide area of people including cooped up senior citizens and other people who normally would never touch a video game controller. (My parents thought the Wii was fun. My parents!)That's something the 360 doesn't really aim for so I guess the Wii "wins" in that department.
This is why I hate fanboys. Last year, Sony had an atrocious press conference and as a result hundreds of YTMNDs and Youtube vids were made. Now, when Sony had an excellent show, and Nintendo dropped the ball, no one gives them the credit. MS had a good show overall, keeping only games to this year, but Sony blew the rest away.This is all I want to say so far, regarding the Press Conferences. I really think Nintendo fans, or Wii fans, are fickle. We have one so-so conference, and people are already jumping the gun that this system is heading in the wrong direction. As anyone knows, Nintendo doesn't show all their guns at one time. Take e3 06, for example. Brawl was not shown till the next day, a game that is considered the big 3. Nintendo is having another big hour tomorrow, as they are taking the main stage at 3 o'clock central time. I think there is more to be shown.
I don't think they would have Miamoto come down, just to present one game. Truth be told, some of those sony games are looking mighty fine. I think we shouldn't judge any of the companies performances, until after e3 is said and done, not after a press conference.
Twilight Princess and Resident Evil were made for the GCN and ported to the Wii with hopes that people who bought it once, would buy it again.No hardcore Nintendo games!? I beg to differ!
Twilight Princess, Super Mario Galaxy, Super Paper Mario, Matroid Prime, Fire Emblem, Resident Evil, Super Smash Bros Brawl etc.
Actually SPM was supposed to be a GC game as well. So that's 3.Twilight Princess and Resident Evil were made for the GCN and ported to the Wii with hopes that people who bought it once, would buy it again.
I think the rest, however, do classify as "hardcore" titles.
Nintendo's conference wasn't THAT bad. Sony's was better this year, but Nintendo wasn't as bad as Sony was last year.This is why I hate fanboys. Last year, Sony had an atrocious press conference and as a result hundreds of YTMNDs and Youtube vids were made. Now, when Sony had an excellent show, and Nintendo dropped the ball, no one gives them the credit. MS had a good show overall, keeping only games to this year, but Sony blew the rest away.
I wish they had more PC games because I really hate consoles when people act like that.
I respect your opinion, but I disagree. Nintendo's conference was awful to me, I don't know/remember Sony's conference last year so I can't compare.Nintendo's conference wasn't THAT bad. Sony's was better this year, but Nintendo wasn't as bad as Sony was last year.
And Sony's actually been given a lot of praise on websites that actually know what gaming is about. Heck, even I want a PS3 now.
Is this old?A new suit filed against Sony Corp. of America says the PS3’s Cell processor infringes on an existing patent, and demands the “impounding and destruction” of all of Sony’s infringing processors.