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Post by Super Orbus on Jul 28, 2011 9:30:59 GMT -5
I agree it is a pretty big drop relatively quickly. They're not meeting sales targets and the Vita's on the horizon. 250 was simply too expensive for what you get. It really probably should have launched at 200.
But hey, lots of people apparently bought it anyway. Just not as many as Nintendo was hoping.
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Post by Ike on Jul 28, 2011 9:41:30 GMT -5
No, I think exactly as many bought it as Nintendo was hoping. The 250 dollar price point struck me as totally ridiculous the minute I actually used one at the display kiosk in GameStop. That thing was never worth $250. Not when the Vita can launch at the same price and still be profitable. Nintendo's starting lineup was so weak that I doubt they could've sold many 3DSes even at the $170 price point, so why not bump it up an extra 80 dollars til some actual games start coming out so we can recoup costs while we're waiting.
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Post by Deleted on Jul 28, 2011 9:49:15 GMT -5
No, I think exactly as many bought it as Nintendo was hoping. The 250 dollar price point struck me as totally ridiculous the minute I actually used one at the display kiosk in GameStop. That thing was never worth $250. Not when the Vita can launch at the same price and still be profitable. Nintendo's starting lineup was so weak that I doubt they could've sold many 3DSes even at the $170 price point, so why not bump it up an extra 80 dollars til some actual games start coming out so we can recoup costs while we're waiting. Did Sony say they'll be manufacturing the Vita at a price that generates a profit from day one? That would be almost as big of a news item as this price drop. |
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Post by kitten on Jul 28, 2011 9:57:41 GMT -5
Killing myself brb
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Post by Super Orbus on Jul 28, 2011 10:02:31 GMT -5
No, I think exactly as many bought it as Nintendo was hoping. The 250 dollar price point struck me as totally ridiculous the minute I actually used one at the display kiosk in GameStop. That thing was never worth $250. Not when the Vita can launch at the same price and still be profitable. Nintendo's starting lineup was so weak that I doubt they could've sold many 3DSes even at the $170 price point, so why not bump it up an extra 80 dollars til some actual games start coming out so we can recoup costs while we're waiting. That's a believable scenario. I think the games are coming, but they completely failed to have any compelling launch titles ready, and it's taking entirely too long for more stuff to trickle out. They should have at least ported Smash Bros. or something. Four player portable Smash Bros. sounds like a system seller to me. |
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Post by alan01987 on Jul 28, 2011 10:04:15 GMT -5
 <- My reaction to most of these reactions. This was likely the plan all along. At least once the Vita was announced. The only surprising thing is that some of you felt the need to run out and buy it day one. The silly thing doesn't even have any good games yet. And so far, relatively few on the horizon. Nintendo's not hurting. This is precisely why they design cheap hardware they don't have to sell at a loss. If dropping the price 30% doubles sales, they'll still come out ahead. And they already got the early adopter money. What the 3DS needs right now is a killer app to help it gain traction. The price drop will help too. All this moaning and groaning is entirely premature. The 3DS may not be a runaway success like the DS or the Wii was, but I still expect it to have a nice long life with plenty of solid titles. The DS didn't really take off either until the Lite came out. Don't be shocked if there's a hardware refresh down the road 12 to 18 months. This is Nintendo after all. Nope, According to Nintendo's financial reports, the 3DS has sold 710,000 units in the last three months and they had a loss this quarter. |
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Post by Super Orbus on Jul 28, 2011 10:10:31 GMT -5
Just checked and Nintendo's stock is down 10% today, and 30% over the last 3 months. So market sentiment is definitely against them. And they posted their first quarterly loss, apparently ever. Okay, so they are hurting. |
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Post by kitten on Jul 28, 2011 10:15:13 GMT -5
It is like I am in topsy-turvy world.
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Post by acidonia on Jul 28, 2011 10:35:29 GMT -5
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Post by Super Orbus on Jul 28, 2011 10:42:18 GMT -5
Nope, According to Nintendo's financial reports, the 3DS has sold 710,000 units in the last three months and they had a loss this quarter. Have they said what their sales targets where though? I mean, I agree that seems pretty low, but what kind of numbers was the DS doing at this point in its life? EDIT: I'll have to go back and look at previous reports to see what their previous targets were, but their target for 3DS sales for Apr11-Mar12 is 16 million. If they only sold 710000 for Apr11-Jun11, that's not looking too good. If I were in their shoes, along with the price drop, I would start phasing out the DS hardware. The 3DS can play DS games, but DS hardware still sold twice what the 3DS did last quarter. That seems like it should be unacceptable to them. They already seem to be quietly phasing out the DS Lite. The probably should have done that ages ago. I'd start phasing out the DSi too. Maybe leave the XL on the market just so retailers don't totally start unloading DS software. If the choice is between a pocket sized 3DS that plays DS and 3DS games, or a giant sized XL that only plays DS games, the value proposition will shift significantly in the 3DS's favor. Here's the link to their financial reports, for anyone who wants to look. Latest earnings report is at the top. |
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Post by retr0gamer on Jul 28, 2011 10:53:53 GMT -5
Not sure if the loss is down to 3DS sales considering it's not exactly selling badly. I'd say it's more down to the disasterous sales of Wii and DS software, the knock on effect of the tsunami and the strong yen. The price drop will make it more of an impulse purchase and will see it sell well come christmas.
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Post by Super Orbus on Jul 28, 2011 11:02:28 GMT -5
Not sure if the loss is down to 3DS sales considering it's not exactly selling badly. I'd say it's more down to the disasterous sales of Wii and DS software, the knock on effect of the tsunami and the strong yen. The price drop will make it more of an impulse purchase and will see it sell well come christmas. 710,000 for the quarter is not fantastic. The DS (all models) sold twice as many units in the same period. And that's down 50% from the same period last year. The drop in profits is due to a large drop in overall sales compared to last year on the DS and Wii, and the 3DS not picking up the slack. |
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Post by ReyVGM on Jul 28, 2011 11:44:21 GMT -5
I don't know why, but seeing Nintendo hurt like this is delicious news to me. It's probably because I don't like the Wii, Wii U, or 3DS at all.  |
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Post by hidetoshidecide on Jul 28, 2011 12:14:48 GMT -5
If the choice is between a pocket sized 3DS that plays DS and 3DS games, or a giant sized XL that only plays DS games, the value proposition will shift significantly in the 3DS's favor. I doubt it. The XL is a really sweet piece of hardware that has made it very easy to not buy a 3DS. The library has a long way to go before I'll think about shifting to a device with a smaller screen- especially since DS games apparently don't look nearly as good on it as they do on the XL. |
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Post by Ryusui on Jul 28, 2011 12:25:50 GMT -5
Just FYI, we still aren't getting GBA VC. The GBA games are going to be an ambassador incentive only.
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<- My reaction to most of these reactions.
