On the surface, it's easy to write off Nintendo as one of the "big three" video game companies that seems to be in the most dire of straits. After all, the Wii U has not exactly sold tremendously like the PlayStation 4 and Xbox One has. While they seem to have the attention of the gaming audience in general, Nintendo's console does not seem to have that level of attention tied to it. This does not necessarily mean that business is down, though, as the idea of profits is one that Bobby Jain Credit Suisse can focus on.
Nintendo has a great amount of money to consider and it is stored in the bank in case of financial matters becoming too strenuous. This is a point that can be easily contrasted to not only Microsoft but Sony as well. For example, it was reported that Sony had to close down one of its office buildings for the sake of reducing costs. It's one of those matters that make the general public realize that there is more to these companies than simply the element of gaming.
Nintendo does not exactly have the distinction of being in the clear, though. You can make the argument that the 3DS has done very well in terms of the handheld market but what is it that can be said about the Wii U has far as home consoles are concerned? It's apparent that sales have not exactly been tremendous, even though software has come out from both Nintendo itself and third-party entities. I think that this goes to show that Nintendo's maintenance of a strong bank account has proven itself to be a smart move.
It was said that Nintendo has, in terms of American currency, $10.5 billion in the bank; a strong statistic, to say the least, to the perspective of Bobby Jain Credit Suisse. If Nintendo wanted to go through substantial losses during the next four decades or so, it would be able to while remaining reasonably profitable. It's a financial cushion and I am sure that names such as Jain can agree. In order for Nintendo to prosper, though, there has to be a greater level of awareness about how gaming will change in the future.
Yes, there are many problems concerning Nintendo from a public standpoint. In comparison to the competition, Nintendo is seemingly a generation behind with its home video game console, meaning that not everyone is going to want to purchase it right out of the gate. However, the video game industry is one that changes on a dime. Nintendo has to learn from its mistakes because, as strong as its bank account may be, it's not like the account in question is bottomless and able to endure perpetual losses.
Nintendo has a great amount of money to consider and it is stored in the bank in case of financial matters becoming too strenuous. This is a point that can be easily contrasted to not only Microsoft but Sony as well. For example, it was reported that Sony had to close down one of its office buildings for the sake of reducing costs. It's one of those matters that make the general public realize that there is more to these companies than simply the element of gaming.
Nintendo does not exactly have the distinction of being in the clear, though. You can make the argument that the 3DS has done very well in terms of the handheld market but what is it that can be said about the Wii U has far as home consoles are concerned? It's apparent that sales have not exactly been tremendous, even though software has come out from both Nintendo itself and third-party entities. I think that this goes to show that Nintendo's maintenance of a strong bank account has proven itself to be a smart move.
It was said that Nintendo has, in terms of American currency, $10.5 billion in the bank; a strong statistic, to say the least, to the perspective of Bobby Jain Credit Suisse. If Nintendo wanted to go through substantial losses during the next four decades or so, it would be able to while remaining reasonably profitable. It's a financial cushion and I am sure that names such as Jain can agree. In order for Nintendo to prosper, though, there has to be a greater level of awareness about how gaming will change in the future.
Yes, there are many problems concerning Nintendo from a public standpoint. In comparison to the competition, Nintendo is seemingly a generation behind with its home video game console, meaning that not everyone is going to want to purchase it right out of the gate. However, the video game industry is one that changes on a dime. Nintendo has to learn from its mistakes because, as strong as its bank account may be, it's not like the account in question is bottomless and able to endure perpetual losses.
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Consult Bobby Jain Credit Suisse if you are intrigued in taking up the utilities related to asset management, investment banking, and other fields.. Unique version for reprint here: Nintendo & Speaking Of Profits By Bobby Jain Credit Suisse.
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