Nintendo reported a loss after 6 years today.

After 6 years? What happend in 2004?

That WAS 6 years ago.

Lol.

I asking why Nintendo reported a loss in 2004.

The PSP was introduced? I'm not sure tho...

I could see it happening. Or have happening.

PSP was realised in North America in 2005....

So that rules that out then.

I don't know what article you guys where reading but it sounds more like they meant it's the first time in 6 years Nintendo has had a drop in profits, not negative profit. Which would make sense since the DS was released in 2004 and Wii in 2006 boosting profits for a few years after each launch. There have also not been many 1st partly Wii or DS games lately so software sales would logically be down as well.

If the DS came out in 2004, then why did they report a loss?

The DS sucked and everyone stopped buying Nintendo products to show how much they fail.

*facepalm*

I agree with Insectoid (maybe because I just like the PSP better). And the PSP was released in Japan in 2004 (since both Sony and Nintendo are based there, thy would have gotten high sales).

December 12th 2004, Nintendo ends there fiscal year at the end of March. Also I am prity sure you misunderstood the latest news about Nintendo's profits being down, but this should be a topic and not in the shout box.....

Here is why you are wrong (did not see this topic when i posted the shout):

I made this using the data from http://www.nintendo.co.jp/ir/en (publicly avalible as nintendo is publicly traded).
As you can see they are not reporting losses, they are reporting less net income. Also it is clear that the PSP did not make them lose magor profit in 2004-2005 when compraed to the income generated by the DS.

But then why is the PSP always referred to as the best and most popular portable gaming console on game review sites/shows etc...

Some people are simply morons.

I can also see that you are a major fan of Nintendo.
But then why is the PSP always referred to as the best and most popular portable gaming console on game review sites/shows etc...

But can you show us colourful graphs about the 2004 year? And why net profits went down?

During the fiscal year ended March 31, 2004, the Japanese economy began to show indications of an upturn.
Steady exports to the United States and China contributed to the improvement in corporate revenue and increase
in capital investments. As for consumer spending, despite an overall lack of momentum, there was strong demand
for digital home electric appliances. Relating to overseas economies, in the wake of the conflict in Iraq, the U.S.
economy continued to expand steadily due to major tax cuts, low interest rates, and steady consumer spending
resulting in part from the recovery of stock prices. In Europe, the appreciated Euro and record high temperatures
throughout the continent last summer caused a temporary economic downward trend. Although, since the
beginning of 2004, the economy gradually started to turnaround as production began to pick up in response to
worldwide economic recovery.

As for which system is better or more popular, i never addressed this. However since you borught it up....

Our products didn't generate much hype this year, so sales are lower than usual. What do we do?

Blame the economy!

Because Nintendo is too focused on making brain games and other stupid games and not enough games that cater to gamers. Casual gamers that Nintendo's newer games appeal to don't exactly continue to play games for very long. These people, in my experience, are more likely to start playing a game at one point and then eventually let their game/system sit there and gather dust. Gamers who do buy a Wii/DS eventually end up selling theirs and buying an Xbox or PS3 (and/or PSP).

Assuming that's a reply to CodeMonkey2000:


You think Nintendo marketing the Wii and DS to casual gamers in 2005 to 2010 caused a decrease in profit in 2004?




If that's a reply to the original post:


Or it may have something to do with Nintendo lowering the cost of the Wii and releasing few quality first party titles this year which they hinted at in the earnings report for 2010.