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Nintendo added to “Companies Where Employees Are Losing Hope” list

Wednesday, 21st September 2011 20:17 GMT By Stephany Nunneley

Investor and financial site 247WallSt has produced a list of the top eight companies where employees are presumably “losing hope.”

According to the site, the reason for the loss of good cheer has something to do the firm’s flailing lead “in the video console sector,” as it falls behind Microsoft and Sony in an age where more and more handhled gaming is done on smartphones.

“The rise of the Google Android operating system has also encouraged video game publishers to make more products that run on that platform,” said the site. “The 2010 market share of Nintendo DS fell from 70 percent in 2009 to 57 percent. Nintendo’s growth has also been damaged by the rise of the iPad and iPhone.

“The future is even grimmer [as] iSuppli predicts Nintendo will sell 70 million 3DS gaming systems by 2015, a figure that is 21 million less than the 91 million in sales racked up by the original DS at the same point in its sales cycle.”

Also noted was Nintendo’s quarterly loss announced in July, which was followed by shares in the firm falling 20 percent, and stock is down once more after a 52-week high of 26,780 yen to 11,850 yen.

During the later part of 2007, share in the firm reached 80,000 yen.

Thanks, D’toid.

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6 Comments

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  1. The_Deleted

    70 million isn’t bad considering how different the market is these days.
    I’m sure SONY won’t sniff at 70 million Vitas.

    #1 3 years ago
  2. Razor

    How is Sony not on that list??

    Pretty much every product bar the PS2 in the past ten years have been total flops, and Vita ain’t gonna change that either.

    #2 3 years ago
  3. Lightmanone

    Yeah, my thoughts exactly. If Nintendo was only going to sell a mere 10 million of 3DS’s in total worldwide, then yes, that would be bad. but 70 mil. isn’t a bad figure. It’s not Top-notch, but loosing hope? Come on, this is a bit VERY grim.
    Okay, if I would look at the WiiU, ninty needs to come up with something ground braking (something with holo-technic) that would make people wanna buy it, else they can simply name it something else then “Wii” in it.. >.> (stupid stupid name: WiiU >.< )

    #3 3 years ago
  4. VieS

    never understood, how nintendo sold so many consoles…
    now things are becoming logical =)

    #4 3 years ago
  5. Christopher Jack

    @2, Clearly you have no idea just how large Sony is. Maybe if you were simply referring to just SCE but the PS3 is far from a failure, also the PSP was a success but really only in terms of hardware sales, PSN sales aren’t listed so it’s hard to judge it’s success.

    I think Nintendo’s biggest problem is how similar some of their largest franchises are to some cheap mobile phone game, one thing’s for sure is that we don’t see any decent 50cent Uncharted or Gears of War clones, although that will probably change when smartphones/tablets get a standardized controller given the strength of these upcoming processors, I reckon the soon-to-be-released Nvidia Tegra 3 chip will be similar in performance to the Vita, in the same way that Tegra 2 is similar to the iPad 2′s processor.

    #5 3 years ago
  6. Hybridpsycho

    The thing with this I believe is that everything will start selling less unless someone don’t come up with something that EVERYONE wants…

    The same thing happens to everything…There’s a reason basically no artist has been as famous as The Beatles. It’s ’cause there are more genres etc to choose from now. The same will happen to gaming and consoles.

    #6 3 years ago