Nintendo is Japan's richest video game company. Sony not on list due to debt. Also Nintendo stocks Sink after game makers say Switch 2 Pushed to 2025

[Gamernyc78]

Nintendo is Currently Japan's Richest video game Company. Sony not on List due to Debt​

Nintendo is currently Japan's richest company

Pretty good for being doomed

www.gonintendo.com

Nintendo is now Japan's richest company at $11bn

Nintendo, Japan's richest company per its latest report, exceeds $11bn in cash, driven by the Switch and "The Super Mario Bros. Movie."

readwrite.com

Nintendo is currently Japan's richest company
Pretty good for being doomed
18 February 2024
by rawmeatcowboy 3

If there’s one thing Nintendo fans know, it’s that company is always doomed. No matter what is going on with Nintendo, someone out there is predicting their demise. Things have been that way ever since the late SNES days, with the statement becoming an undying meme for Nintendo fans the world over. You’d think with so much evidence to the contrary the “Nintendo is doomed” sentiment would die out, but we have no doubt it’ll live on even in the face of today’s revelation.
According to Toyo Keizai, a book and magazine publisher specializing in economics and business, Nintendo is currently the richest company in Japan. Toyo Keizai puts Nintendo at having over $11 billion in cash, a number that has been boosted quite significantly in recent years due to the Switch’s long-running success and the Super Mario Bros. Movie’s box office domination.

One thing that makes Nintendo’s war chest even more impressive is the fact that the company has zero debt. This is practically unheard of in the entertainment sector in general, and even more rare in the game industry specifically. Nintendo may have had hits and misses over the years, but they’ve more than proven their business savvy in keeping the ship afloat no matter what lies ahead.

Stock situation....

*Par the course with any negative news. Sony and Nintendo will ride that wave out and stocks will go up again and stabilize eventually.

Source: https://www.bloomberg.com/news/arti...after-game-makers-say-switch-2-pushed-to-2025

Nintendo Co. shares tumbled by as much as 8.8% after game-makers were told the company was pushing back the launch of its Switch successor to the beginning of next year.

The Kyoto-based company informed its game publishing partners that the release of the next-generation video game console will be delayed to the early months of 2025 from the last quarter of this year, Bloomberg News reported. Some of Nintendo’s partners were advised not to expect the still-unannounced console until March 2025 at the earliest.

 

[Gamernyc78]

Nintendo is currently Japan's richest company

Nintendo is currently Japan's richest company

Pretty good for being doomed

www.gonintendo.com

 

[JAHGamer]

Lol source: "GoNintendo" Debt isn't a bad thing at all in business, these dudes just desperate to make Nintendo look good.

 

[Gamernyc78]

Lol source: "GoNintendo" Debt isn't a bad thing at all in business, these dudes just desperate to make Nintendo look good.

I mean liability/debt is a standard line item in budgets and yes doesn't mean a company is doing bad but it needs to be accounted for and ppls profits/assets aren't necessarily what they show if your not taking into account debt/liability. I work in housing and work on budgets alot and "accounts payable" for example are highlighted because a company can be seen to be doing well but if this is too high thts a red flag. This of course is short term and Sony's liabilities are long term but you get the gist of what I'm saying.

Nintendo is doing good though, we all know that. Sony is too.

 

[Nhomnhom]

Lol source: "GoNintendo" Debt isn't a bad thing at all in business, these dudes just desperate to make Nintendo look good.

How could Nintendo business not look good? Ancient overpriced hardware about to sell 145m+, low cost games selling 20m+, 30m+, 40m+ or even 60m+, charging for online and an roms they downloaded from the internet.

PlayStation is in a much tougher line of business, in great part due to MS burning money to try and take them out with their race to the bottom business model.

 

[JAHGamer]

How could Nintendo business not look good? Ancient overpriced hardware about to sell 145m+, low cost games selling 20m+, 30m+, 40m+ or even 60m+, charging for online and an roms they downloaded from the internet.

PlayStation is in a much tougher line of business, in great part due to MS burning money to try and take them out with their race to the bottom business model.

Sony makes smart watches more powerful than the Switch I wonder what it costs Nintendo to make those these days, probably $50 max... and still full price 7 years later, and somehow outselling the Xbox

 

[Nhomnhom]

Sony makes smart watches more powerful than the Switch I wonder what it costs Nintendo to make those these days, probably $50 max... and still full price 7 years later, and somehow outselling the Xbox

Outselling everybody, they even make a premium versions of their console that is the best selling with the OLED screen. I respect the hustle.

 

[Snes nes]

I mean its not surprising. Lot of time you think of stuff like automobiles or a real electronics company would be at the top but gaming just seems to be a more profitable industry overall. In all honesty though I do think sony should've been more valuable but I'd imagine they've lost a lot of what would've made them become that valuable to begin with like producing semiconductors and such.

 

[BroodCorp]

Will be Disney level in our lifetime.

 

[Danja]

And Sony about to sell off their finance sector... Oof

 

[Entropi]

Nintendo is a master at making games and keeping costs under control. Maybe too good at keeping costs under control.

 

[Johnic]

And Sony about to sell off their finance sector... Oof

Sony has been preparing to sell off their finance sector for years now. It's what fueled acquisition rumors for the last 2 years.

 

[Kx11]

Makes sense for gaming overall, i thought this meant Toyota is smaller than Nintendo

 

[Johnic]

And just like that, shills crawl out of the woodwork to comment, before crawling back to their 3rd party misery holes. Back inside with you.

 

[Danja]

Sony has been preparing to sell off their finance sector for years now. It's what fueled acquisition rumors for the last 2 years.

I mean I'm aware of all that

 

[Darth Vader]

Imagine how much more money Nintendo could have if they released PC ports. Then imagine if they did them day and date!

Yes, it's sarcasm.

 

[Johnic]

Imagine how much more money Nintendo could have if they released PC ports. Then imagine if they did them day and date!

Yes, it's sarcasm.

Oh, that narrative already happened. Wasn't pushed as much as Sony doing it, though. MS astroturfers will claim anything.

 

[Kokoloko]

Imagine how much more money Nintendo could have if they released PC ports. Then imagine if they did them day and date!

Yes, it's sarcasm.

Lol. They know there worth. And it means staying far away from what strategies Xbox does.
PS should learn

 

[Kokoloko]

They cant be richer than Sony. Pretty sure PS still has more revenue and profits than Nintendo

 

[Darth Vader]

They cant be richer than Sony. Pretty sure PS still has more revenue and profits than Nintendo

And yet...

There's a more updated version in this very forum somewhere, and the story is the same: Nintendo is more profitable than Playstation, and it's not a small margin.