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01-27-2012, 01:10 PM
<span class="articleText">http://www.1up.com/media?id=3934154&type=lg
The digital and online spaces are two areas where Nintendo hasn't been the most forward-thinking. But after a year where the company struggled to meet expectations, despite an uptick in 3DS sales (http://www.1up.com/news/3ds-sales-surpass-4-million-us) in 2011's final months, it now seems more serious than ever about providing a more robust online experience.
President Satoru Iwata conducted a briefing (http://www.nintendo.co.jp/ir/en/library/events/120127/index.html) for investors regarding its Q3 performance in Japan on Friday. For the third quarter in a row, the company was forced to lower its guidance to reflect lower-than-expected sales of Nintendo hardware and software. Noting the initial poor sales of 3DS after its launch, the ensuing price drop (http://www.1up.com/news/3ds-price-drops-16999-august-early-adopters-get-free-games), and a lack of big games released in the first half of the fiscal year (April through September), Iwata said, "Our business performance will be the worst since we went into business in the video game industry." This was expected after Nintendo announced in October that it anticipated suffering its first annual loss (http://www.1up.com/news/nintendo-expects-first-annual-loss-thirty-years) in 30 years.
More... (http://www.1up.com/news/nintendo-network)
The digital and online spaces are two areas where Nintendo hasn't been the most forward-thinking. But after a year where the company struggled to meet expectations, despite an uptick in 3DS sales (http://www.1up.com/news/3ds-sales-surpass-4-million-us) in 2011's final months, it now seems more serious than ever about providing a more robust online experience.
President Satoru Iwata conducted a briefing (http://www.nintendo.co.jp/ir/en/library/events/120127/index.html) for investors regarding its Q3 performance in Japan on Friday. For the third quarter in a row, the company was forced to lower its guidance to reflect lower-than-expected sales of Nintendo hardware and software. Noting the initial poor sales of 3DS after its launch, the ensuing price drop (http://www.1up.com/news/3ds-price-drops-16999-august-early-adopters-get-free-games), and a lack of big games released in the first half of the fiscal year (April through September), Iwata said, "Our business performance will be the worst since we went into business in the video game industry." This was expected after Nintendo announced in October that it anticipated suffering its first annual loss (http://www.1up.com/news/nintendo-expects-first-annual-loss-thirty-years) in 30 years.
More... (http://www.1up.com/news/nintendo-network)