UPDATED: Final numbers put Yamauchi's total loss at something closer to $300 million. Still big!

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"We plan to show something new at next year’s E3, though typical gamers are not demanding high specs. The people who speak about the “next generation” are people who don’t know games."

"If the DS succeeds, we will rise to heaven, but if it fails we will sink to hell."

"Gamers don’t just want beautiful graphics, sounds and epic stories."

"We cannot guarantee interesting and fun games just by using better technology and increasing the functions of the machines."

I'm not sure how many of you remember former Nintendo president Hiroshi Yamauchi, the hard ass who used run operations at Nintendo, and the man responsible for all of the above quotes, but he's having a bad day.

How come? Well, Bloomberg estimates Yamauchi, Nintendo's largest individual shareholder, lost more than $500 million.

Nintendo stock fell as much as 21% in response to Nintendo's first quarterly loss ever, a combined storm of plunging Wii sales and sluggish adoption of 3DS, resulting in Yamauchi's financial dip.

$500 million isn't a drop in the bucket for Yamauchi, but as a man thought to be worth roughly $4.6 billion, it's not the end of the world. Such a sharp drop represents lost confidence in Nintendo.

Nintendo's initial response has been to drop the price of 3DS from $249.99 to $169.99, starting August 12.

UPDATED: Final numbers put Yamauchi's total loss at something closer to $300 million. Still big!

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"We plan to show something new at next year’s E3, though typical gamers are not demanding high specs. The people who speak about the “next generation” are people who don’t know games."

"If the DS succeeds, we will rise to heaven, but if it fails we will sink to hell."

"Gamers don’t just want beautiful graphics, sounds and epic stories."

"We cannot guarantee interesting and fun games just by using better technology and increasing the functions of the machines."

I'm not sure how many of you remember former Nintendo president Hiroshi Yamauchi, the hard ass who used run operations at Nintendo, and the man responsible for all of the above quotes, but he's having a bad day.

How come? Well, Bloomberg estimates Yamauchi, Nintendo's largest individual shareholder, lost more than $500 million.

Nintendo stock fell as much as 21% in response to Nintendo's first quarterly loss ever, a combined storm of plunging Wii sales and sluggish adoption of 3DS, resulting in Yamauchi's financial dip.

$500 million isn't a drop in the bucket for Yamauchi, but as a man thought to be worth roughly $4.6 billion, it's not the end of the world. Such a sharp drop represents lost confidence in Nintendo.

Nintendo's initial response has been to drop the price of 3DS from $249.99 to $169.99, starting August 12.

!!! I wish I had $500 Million to lose.

man that is a crazy drop...

stock holders must be mad

Yikes, Nintendo needs to rethink their plans. Hardware alone is not cutting it right now.

The collapse is coming.... soon enough...

Damn. I would be a little ticked and I lost $500mil.

Damn, that is crazy but in all honesty I see the same thing happening with the Wii U.

@Wraith1 said:

stock holders must be mad

I'm sure their stock went up so much during the DS and Wii boom that they made massive profit even with this drop.

Dont see the WiiU turning things round for them either.

3DS will shift more units as  better games come out, and also with the price drop.  They'll bounce back

I'm not worried.

3DS will shift more units as  better games come out, and also with the price drop.  They'll bounce back

Kill that man! He used run operations at Nintendo!

Unlucky for that dude, but I'm sure he'll be just fine.

Still sucks for Nintendo, hopefully they can blow us out of the water this financial year.

How is he a hard-ass?

Talk about a roller coaster ride. The Nintendo 64 did great, but the game cube pretty much tanked. Then they came back strong with the Wii, and now they're plummeting again.

Iwata probably needs to go back to making games and let someone else run the company.

He lost $500 million but he gained the knowledge that true wealth is friendship.

@FourWude said:

The collapse is coming.... soon enough...

So you're looking forward to the collapse of a corporation and the loss of jobs?

@Redbullet685 said:

@dillinger said:

3DS will shift more units as better games come out, and also with the price drop. They'll bounce back

This.

I'm sure he isn't going to go hungry anytime soon.

@TooWalrus said:

@Wraith1 said:

stock holders must be mad

I'm sure their stock went up so much during the DS and Wii boom that they made massive profit even with this drop.

Don't they only make a profit if they sell their stock? If they haven't sold any yet, then they lost a ton of potential money today.

Nintendo is in a weird spot. Their current systems aren't selling too hot and with the WiiU being a half step next gen-wise, I don't see it solving their problems.

@FourWude said:

The collapse is coming.... soon enough...

So you're looking forward to the collapse of a corporation and the loss of jobs?

THAT'S EXACTLY WHAT I'M INSINUATING IN MY POST.

Fucking retard.

Or maybe, just maybe.... I'm just stating that there is an imminent collapse of the videogame industry. Something which I've posted on numerous times, to the point which I find it tedious to even talk about it.

But you're absolutely right, I'm gonna dance butt fucking naked in the streets when Nintendo has to lay off thousands of jobs, because that's how I get my kicks.

Patrick isn't trolling Nintendo and Fox News doesn't have a right wing bias.

Talk about a roller coaster ride. The Nintendo 64 did great, but the game cube pretty much tanked. Then they came back strong with the Wii, and now they're plummeting again.

Well.. sounds like its a good time for McShank to start investing in nintendo stock as I doubt nintendo will die.. but rather bounce back to where they were before at least.. And if im wrong o well, cant be worse then buying lottery tickets and waiting till they draw the numbers and see you didn't win for the 101th time.. People think this is the end of nintendo, HA.. just look where sony was when the ps3 launched or the psp launched.. they have been in the slump for a while in major profits but yet they still live on to make new stuff.

Patrick isn't trolling Nintendo and Fox News doesn't have a right wing bias.

Well.. sounds like its a good time for McShank to start investing in nintendo stock as I doubt nintendo will die.. but rather bounce back to where they were before at least.. And if im wrong o well, cant be worse then buying lottery tickets and waiting till they draw the numbers and see you didn't win for the 101th time..

@mech4399 said:

!!! I wish I had $500 Million to lose.

I wish I had $500 million and didn't lose it... that would be better.

@dillinger:

http://moneycentral.msn.com/investor/charts/chartdl.aspx?symbol=NTDOY&CP=0&PT=11

They've been on a steady downward drop for a few years now. It'll take more than a bounce.

Man... a 21% drop sounds like quite a bit. How much is the company worth overall though?

@FourWude said:

@Hailinel said:

@FourWude said:

The collapse is coming.... soon enough...

So you're looking forward to the collapse of a corporation and the loss of jobs?

THAT'S EXACTLY WHAT I'M INSINUATING IN MY POST.

Fucking retard.

Or maybe, just maybe.... I'm just stating that there is an imminent collapse of the videogame industry. Something which I've posted on numerous times, to the point which I find it tedious to even talk about it.

But you're absolutely right, I'm gonna dance butt fucking naked in the streets when Nintendo has to lay off thousands of jobs, because that's how I get my kicks.

ZOMG ME TOO! *dancing naked in the streets*. I am guessing this is why my buddy over at nintendo (Redmon) has yet to call me about getting a job there anytime soon : /

As Matt Kessler would say, "The winds they are a-changin'."

ZOMG ME TOO! *dancing naked in the streets*. I am guessing this is why my buddy over at nintendo (Redmon) has yet to call me about getting a job there anytime soon : /

Broaden your horizons beyond the videogame industry. Unless the companies headhunt you, or you're extremely talented in your profession, this isn't the time to be joining the industry. Developers and studios are already being let go and shut down all over the world. Costs are being cut, IP's being binned, Publishers less willing to take risks etc. The real scary part is that this is just the beginning.

Nintendo is one of the most profitable, professional and least risk companies in the Industry. They've been raking in money hand over fist the past 5 years. And yet a small downturn in fortunes has wiped out 1/5th of their stock, equivalent to $5 Billion. If it can happen to Nintendo, the Apple of the VG industry, it can happen to anyone else, on a much grander scale. 

It's just the wrong time. That's how it rolls sometimes. But you never know you may get lucky.

@FourWude said:

@Hailinel said:

@FourWude said:

The collapse is coming.... soon enough...

So you're looking forward to the collapse of a corporation and the loss of jobs?

THAT'S EXACTLY WHAT I'M INSINUATING IN MY POST.

Fucking retard.

Or maybe, just maybe.... I'm just stating that there is an imminent collapse of the videogame industry. Something which I've posted on numerous times, to the point which I find it tedious to even talk about it.

But you're absolutely right, I'm gonna dance butt fucking naked in the streets when Nintendo has to lay off thousands of jobs, because that's how I get my kicks.

It's not my fault your original post had all the apparent clarity of a kaleidoscopic acid trip.

Not surprised. They already made all the money with the Wii, it had no where to go but down.

It's not confirmed since the transcript hasn't been put up yet, but Iwata said at a shareholder meeting today that because of this stuff, the lowered earnings projection, and Nintendo taking a loss on each post-price drop 3DS, he'd be cutting his own salary in half and cutting the top round of exec's salaries by 30%.

hmm, great time to buy a nintendo stock option...

"If the DS succeeds, we will rise to heaven, but if it fails we will sink to hell."

Seems Nintendo are destined to go back to their usual position in the market, no longer dominating but not failing completely, neither satisfying the hardcore nor taking complete advantage of the casuals.  I get the feeling next gen MS and Sony are going to get a very large portion of the once Wii-only crowd moving over to their new machines.

Nintendo has really gotten itself backed into a corner. The WiiU is going to be graphically inferior to the other next gen consoles, and the DS's casual market is being stolen by smartphone games. Just about the only 2 things Nintendo has going for it are its 1st party games and low console prices.

It's gonna take a lot of cheesey marketing for them to keep people loyal to them.

Nothing grows forever.

I'm not sure how many of you remember former Nintendo president Hiroshi Yamauchi, the hard ass who used to run operations at Nintendo, and the man responsible for all of the above quotes, but he's having a bad day.

Quote 1 = arrogance. Quotes 2 and 4 = wisdom.
 
Quote 3 would have to read "Gamers don’t just want beautiful graphics, sounds and epic stories" and have some sort of follow up to that statement, to make it an acceptable point of view - but it's impossible to know where to put the emphasis in that sentence or if there was a further point to be made. 
 
Also, if it's in quotes, you don't need to italicise.

@FourWude said:

@Hailinel said:

@FourWude said:

The collapse is coming.... soon enough...

So you're looking forward to the collapse of a corporation and the loss of jobs?

THAT'S EXACTLY WHAT I'M INSINUATING IN MY POST.

Fucking retard.

Or maybe, just maybe.... I'm just stating that there is an imminent collapse of the videogame industry. Something which I've posted on numerous times, to the point which I find it tedious to even talk about it.

But you're absolutely right, I'm gonna dance butt fucking naked in the streets when Nintendo has to lay off thousands of jobs, because that's how I get my kicks.

Your crystal ball skill are pretty shit. Companies like Nintendo often have swings and roundabouts. Nvidia lost almost 30% five years ago and now they lead ATI and the GPU market is still kicking. PC gaming isn't dead either. Oh and 2012 won't be the end of the world, just in case you were worried.

You get your kicks being an egotistical windbag who knows nothing from nothing and rants about everything. You also started out talking about Guidos and you thought it was hilarious, remember that? Yeah, I do and nobody thought it was even remotely funny.

The only imminent collapse is that of your skull due to the lack of brain holding it up.

I just noticed, Amazon has completely ceased sales of 3DS until August 12th when the price drop officially kicks in. Wow. That's kind of nuts.

Bad day, Schmad day. If Mr. Yamauchi is Nintendo's largest shareholder, than HE'S the guy whose been swimming around in his money vault daily since about 2006. It's real hard to sympathize for a guy who profited from Nintendo's ill-gotten success with the Wii. Stupid disposable audience that made the Wii - and now the Kinect, because they don't harbor any company loyalty or care about games - pumped so much money into Nintendo, and in turn, Yamauchi, it's not even funny. He could stand to have a few more "bad days" and still be richer than God, I bet.
 
Nintendo needs to worry less about pure hardware and start focusing on getting some 3DS Software out there. Y'know, that stuff that third parties produce that you never support or advertise, Nintendo? But that's insanely important to a game console's health, regardless of what you think? Yeah, you should get some of THOSE on the 3DS.

Look at the art.  Nintendo is making their own systems, and catering to every demographic with a high quality game to suit every need, all within the first year of a systems launch.  Look at the art, it is better than it has ever been.  The people that appreciate it are still here, the sheep are just being herded into different directions but think of it this way.  
 
The last time idiots tried to take over the game industry, they almost killed it.  Then Nintendo came along and made QUALITY, and brought the once dead console market into the abomination Microsoft turned it into.