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#1
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Gamecube production halted!
http://www.msnbc.com/news/949543.asp?0dm=C21BT&cp1=1
GameCube production halted Nintendo clears console inventory, hints at new product By Michiyo Nakamoto FINANCIAL TIMES TOKYO, Aug. 7 ? Nintendo is to press the pause button on production of its Game Cube consoles while it clears inventory of unsold machines, the company?s president said on Thursday. But Satoru Iwata promised the struggling games company was developing a radical new product to be announced next year ? however he gave few details save to say it would be a departure from mainstream gaming consoles ?that will have a big impact on the world?. THE HALT IN PRODUCTION will last until autumn as Nintendo struggles against competition from Sony?s PlayStation 2, the leading console in the global market, and Microsoft?s XBox. PlayStation 2 has shipped more than 51m units since its launch in 2000 compared with under 10m for Nintendos competing Game Cube, which was launched in 2001. Mr Iwata, who gave no figures on how much inventory was left to clear, acknowledged that the group had stumbled with the Game Cube console and conceded that it had made a strategic mistake by not ensuring that it had a consistent flow of attractive software for the Game Cube. But he cast doubt on the ability of Nintendo?s competitors to continue attracting users with games that are becoming more and more graphically sophisticated and difficult to play. ?Games that are sophisticated require a lot of time and energy,? he said. As games became more complicated, players were given up playing and this was leading to the gradual shrinkage of the market, he warned. ?We are thinking of launching a completely different kind of game. We are confident that we can develop a product that anyone can enjoy and that will provide people with a new kind of excitement,? he said. Advertisement Mr Iwata declined to provide any more details about what kind of new product Nintendo is working on, saying only that the company would make a further announcement with details next spring. He did, however, suggest that the new console would aim to return the games industry to its roots of providing fresh excitement through games that can be enjoyed by anyone, including those who do not normally play video games. Investors are concerned that Nintendo has not risen to the challenge provided by competitors, such as Sony and Microsoft, by targeting the casual user, which is where most of the growth in games demand has been coming from. Earlier this year, Nintendo?s share price plunged on news that Sony would launch a handheld game, challenging Nintendo in a market that it has dominated. It was hit again when Sony announced a new multi-function machine that would combine a DVD recorder with the PlayStation. Nintendo?s share price, which closed at Y9,690 on Thursday, is 19 per cent below this year?s high of Y11,890. Nintendo?s mission is to develop simple games that anyone can enjoy, and by doing so bring back those people who have given up playing games into the market. If Nintendo succeeds in doing that, it might even achieve sales of Y1,000bn, Mr Iwata said. That compares with sales last year of Y504bn. |
#2
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"Radeon350" wrote in message om... http://www.msnbc.com/news/949543.asp?0dm=C21BT&cp1=1 GameCube production halted Nintendo clears console inventory, hints at new product By Michiyo Nakamoto FINANCIAL TIMES TOKYO, Aug. 7 ? Nintendo is to press the pause button on production of its Game Cube consoles while it clears inventory of unsold machines, the company?s president said on Thursday. But Satoru Iwata promised the struggling games company was developing a radical new product to be announced next year ? however he gave few details save to say it would be a departure from mainstream gaming consoles ?that will have a big impact on the world?. THE HALT IN PRODUCTION will last until autumn as Nintendo struggles against competition from Sony?s PlayStation 2, the leading console in the global market, and Microsoft?s XBox. PlayStation 2 has shipped more than 51m units since its launch in 2000 compared with under 10m for Nintendos competing Game Cube, which was launched in 2001. Hmm, take this lightly folks, remember, the NY Times said Nintendo was going to buy Sega while Sega was still producing Dreamcasts too. Mr Iwata, who gave no figures on how much inventory was left to clear, acknowledged that the group had stumbled with the Game Cube console and conceded that it had made a strategic mistake by not ensuring that it had a consistent flow of attractive software for the Game Cube. But he cast doubt on the ability of Nintendo?s competitors to continue attracting users with games that are becoming more and more graphically sophisticated and difficult to play. ?Games that are sophisticated require a lot of time and energy,? he said. As games became more complicated, players were given up playing and this was leading to the gradual shrinkage of the market, he warned. ?We are thinking of launching a completely different kind of game. We are confident that we can develop a product that anyone can enjoy and that will provide people with a new kind of excitement,? he said. Advertisement Mr Iwata declined to provide any more details about what kind of new product Nintendo is working on, saying only that the company would make a further announcement with details next spring. He did, however, suggest that the new console would aim to return the games industry to its roots of providing fresh excitement through games that can be enjoyed by anyone, including those who do not normally play video games. Investors are concerned that Nintendo has not risen to the challenge provided by competitors, such as Sony and Microsoft, by targeting the casual user, which is where most of the growth in games demand has been coming from. Earlier this year, Nintendo?s share price plunged on news that Sony would launch a handheld game, challenging Nintendo in a market that it has dominated. It was hit again when Sony announced a new multi-function machine that would combine a DVD recorder with the PlayStation. Nintendo?s share price, which closed at Y9,690 on Thursday, is 19 per cent below this year?s high of Y11,890. Nintendo?s mission is to develop simple games that anyone can enjoy, and by doing so bring back those people who have given up playing games into the market. If Nintendo succeeds in doing that, it might even achieve sales of Y1,000bn, Mr Iwata said. That compares with sales last year of Y504bn. |
#3
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doen't that mean that the console is like ..... dead..... ?
Radeon350 schreef: http://www.msnbc.com/news/949543.asp?0dm=C21BT&cp1=1 GameCube production halted Nintendo clears console inventory, hints at new product By Michiyo Nakamoto FINANCIAL TIMES TOKYO, Aug. 7 ? Nintendo is to press the pause button on production of its Game Cube consoles while it clears inventory of unsold machines, the company?s president said on Thursday. But Satoru Iwata promised the struggling games company was developing a radical new product to be announced next year ? however he gave few details save to say it would be a departure from mainstream gaming consoles ?that will have a big impact on the world?. THE HALT IN PRODUCTION will last until autumn as Nintendo struggles against competition from Sony?s PlayStation 2, the leading console in the global market, and Microsoft?s XBox. PlayStation 2 has shipped more than 51m units since its launch in 2000 compared with under 10m for Nintendos competing Game Cube, which was launched in 2001. Mr Iwata, who gave no figures on how much inventory was left to clear, acknowledged that the group had stumbled with the Game Cube console and conceded that it had made a strategic mistake by not ensuring that it had a consistent flow of attractive software for the Game Cube. But he cast doubt on the ability of Nintendo?s competitors to continue attracting users with games that are becoming more and more graphically sophisticated and difficult to play. ?Games that are sophisticated require a lot of time and energy,? he said. As games became more complicated, players were given up playing and this was leading to the gradual shrinkage of the market, he warned. ?We are thinking of launching a completely different kind of game. We are confident that we can develop a product that anyone can enjoy and that will provide people with a new kind of excitement,? he said. Advertisement Mr Iwata declined to provide any more details about what kind of new product Nintendo is working on, saying only that the company would make a further announcement with details next spring. He did, however, suggest that the new console would aim to return the games industry to its roots of providing fresh excitement through games that can be enjoyed by anyone, including those who do not normally play video games. Investors are concerned that Nintendo has not risen to the challenge provided by competitors, such as Sony and Microsoft, by targeting the casual user, which is where most of the growth in games demand has been coming from. Earlier this year, Nintendo?s share price plunged on news that Sony would launch a handheld game, challenging Nintendo in a market that it has dominated. It was hit again when Sony announced a new multi-function machine that would combine a DVD recorder with the PlayStation. Nintendo?s share price, which closed at Y9,690 on Thursday, is 19 per cent below this year?s high of Y11,890. Nintendo?s mission is to develop simple games that anyone can enjoy, and by doing so bring back those people who have given up playing games into the market. If Nintendo succeeds in doing that, it might even achieve sales of Y1,000bn, Mr Iwata said. That compares with sales last year of Y504bn. |
#4
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Radeon350 wrote in message
om... http://www.msnbc.com/news/949543.asp?0dm=C21BT&cp1=1 Jeez, what a load of propaganda from...oh, the *MICROSOFT*-NBC network. Man... First of all, the production halt in the headline is only until Autumn acording to the article, that's...uh, six weeks away. This is totally standard procedure for Microsoft and Sony as well as Nintendo (or any other electronics manufacturer, for that matter) to make a large production run at a time andf then sit on them until the stock runs low. What, like the companies are supposed to make a single new system every time someone orders one? As for the rest of the article, it seems to be imaginitively cobbled togther from this Reuters wire article: http://www.reuters.com/newsArticle.j...4CRBAE0CF EY? type=topNews&storyID=3236829 I'm not even a Nintendo fanboy (thanks for crossposting this into the Sega group for no apparent reason, by the way), but come on, it doesn't take a genius to see the **** oozing out between the seems of this article you posted. I mean, I guess I can't blame a little troll for trying to do his job by posting it and really I can't even blame Microsoft for being the shady corporate scum everybody knows they are and managing to exploit their media ownership to put such crap into the "news," but I just hope the readers of these newsgroups will be bright enough to not sweat over it and so not spawn a 200 post thread that I have to wade through for the next month and half (coincidentally, just when Nintendo produces the next batch of Gamecubes, apparently). ....word is bondage... |
#5
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wrote in message ... doen't that mean that the console is like ..... dead..... ? No. It means they have too many units in storage and need to sell off the excess. |
#6
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On Fri, 08 Aug 2003 08:10:50 GMT, Impmon wrote:
Not necessarily. It could be just too many unsold GC sitting around and they'd resume production after a few months. And you believe that do you? Andrew. |
#7
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Not necessarily. It could be just too many unsold GC sitting around and
they'd resume production after a few months. That's what it means, according to the article. I think that, unfortunately, the CG is on it's way out. From the overtones of the article and other ariticles that I have read, it sounds like Nintendo realizes that they really have hosed up the GameCube. I didn't buy a GameCube because I didn't think that the N64 had enough support for it and it didn't look like the GC was having any better of a run. I think people will stay away once they perceive a product (or line of products) to be in the non-popular / unsupported category. Unfortunately, this is what Nintendo has done to themselves. It's a shame because it seemed like it had (still has, but it is dying) great potential. As much as others have complained about the kiddie games, I liked the look of their games (I suppose that it seems odd that I didn't buy it, then). It looked like playing a cartoon - fun. Enjoy! Brad |
#8
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"SewerFiss" wrote in message ... Radeon350 wrote in message om... http://www.msnbc.com/news/949543.asp?0dm=C21BT&cp1=1 Jeez, what a load of propaganda from...oh, the *MICROSOFT*-NBC network. Man... First of all, the production halt in the headline is only until Autumn acording to the article, that's...uh, six weeks away. This is totally standard procedure for Microsoft and Sony as well as Nintendo (or any other electronics manufacturer, for that matter) to make a large production run at a time andf then sit on them until the stock runs low. What, like the companies are supposed to make a single new system every time someone orders one? As for the rest of the article, it seems to be imaginitively cobbled togther from this Reuters wire article: http://www.reuters.com/newsArticle.j...4CRBAE0CF EY? type=topNews&storyID=3236829 I'm not even a Nintendo fanboy (thanks for crossposting this into the Sega group for no apparent reason, by the way), but come on, it doesn't take a genius to see the **** oozing out between the seems of this article you posted. I mean, I guess I can't blame a little troll for trying to do his job by posting it and really I can't even blame Microsoft for being the shady corporate scum everybody knows they are and managing to exploit their media ownership to put such crap into the "news," but I just hope the readers of these newsgroups will be bright enough to not sweat over it and so not spawn a 200 post thread that I have to wade through for the next month and half (coincidentally, just when Nintendo produces the next batch of Gamecubes, apparently). Agreed, if anything can be gleened from this article, it's that Nintendo *might* be redesigning the Gamecube a little bit and re-releasing it. Possibly something with DVD playback or maybe even something better. Hell, if Sony can remake the PS2 into something with TIVO and make new regular PS2 with progressive scan and get away with it, surely nobody will feel "ripped off" if Nintendo remakes the Gamecube right? ...word is bondage... |
#9
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"Shadow" wrote in message
... wrote in message ... doen't that mean that the console is like ..... dead..... ? No. It means they have too many units in storage and need to sell off the excess. BECAUSE the system is selling like garbage. -- GoodCow =) http://www.goodcowfilms.com/ ... coming eventually ... |
#10
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On Fri, 08 Aug 2003 08:10:50 GMT, Impmon wrote:
Not necessarily. It could be just too many unsold GC sitting around and they'd resume production after a few months. Um, it's August. This is not a month typical of unsold-inventory-after-the-holiday-buying-spree. let's face it: The thing was always an "also ran" compared to both the X-Box and PS2. -- Roj "To strive, to seek, to find, and not to yield." - Ulysses |
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