13th November 2003, 12:25 PM
From N-Philes:
Hmm, I wonder what it could be.
Quote:Nintendo said at a press conference in Japan that they will debut a new video-game machine in Japan next year and start console sales in China (with the IQue) to spur revenue after posting its loss. Notice they didn't say console specifically, only game machine, it could be handheld or console. Reuters has a key piece of information about this product, which we assume is the game machine. Its reported that the system will be revealed at E3 2004 and will be released by the end of 2004 in Japan.
"We want to launch the product worldwide simultaneously, but we don't know if that will be possible because of the issue of production capacity," Senior Managing Director Yoshihiro Mori told a news conference.
"GameCube is selling well after the price reduction, and Nintendo is in a better position than Microsoft, because the GameCube is more popular with younger kids,'' said Kota Nakako, an analyst at JP Morgan Securities Ltd. in Tokyo. "The price reductions should have been factored into the company's full-year forecast, and should not affect earnings."
Nintendo's group net loss totaled 2.89 billion yen ($26.6 million) in the six months ended Sept. 30. The Kyoto-based company generated profit of 19 billion yen a year ago. First-half sales rose 1.6 percent to 211.4 billion yen, the company said in a statement released through the Osaka Securities Exchange. For more on this, head to the previous news article.
We'll keep you up to date.
Posted by Ethan Pearson, Founder, Director
Source: Bloomberg
Hmm, I wonder what it could be.