Nintendo CEO Shouldn't Have His Job, Pachter Says

Sean951

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Falterfire said:
Sean951 said:
The Wii-U comes bundled with at least 1 game, either Mario, NintendoLand, or WindWaker.
Although this mitigates the problem, it does not solve it. $325 is still quite a bit to play for a single game, and the upwards scaling math just gets adjusted by a little bit. Still need several games to even hit the $100/game mark.

I can't speak for sure about perceived value, but I'm willing to bet part of the reason fewer people are on board with buying a Wii U than are interested in the XBone/PS4 is a combination of the stereotype (Correct or not) that all Nintendo games are basically the same old thing as last gen and the competitive fanboyism encouraged by marketing that lead people to feel a strong brand loyalty to the XBone/PS4.
The $325 price was a Black Friday bundle we sold at Best Buy that included the Mario game Wii-U with the Luigi version as well (2 games), Nintendo Land, and a Mario or Luigi Wii-Mote. If I wasn't a huge Zelda fan who already bought that version, I would have bought that deal. As it is, $300 is the standard price, at least in America.
 

Gizen

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Falterfire said:
Gizen said:
EDIT: On a bit of a tangent, I don't understand WHY the Wii U is selling so poorly. Every single person I ask why they're not buying it gives me the same reason. "I'm not going to buy it because it has no games I care about. Oh, except for..." and then they proceed to list off a whole bunch of games for it, or that are soon coming out for it, that they want.
Well, let's say you grab a Wii U from Amazon right now for $325. Now you need a game, which is approximately $60. At that point, you're down $385 and you have exactly one game you can play, which means effectively that game cost you $385. If you buy a second game then you've spent $445 (or $222.50 per game). You have to buy nine games at $60 before the effective cost per game drops below $100.

That's a lot of money for a game. If your friends are like mine, they just can't bring themselves to spend that much on any one or two games and there are nowhere near enough games (And they don't have enough money to spare) to make the effective cost/game worth it.
While all that is true (mostly, as other people have said the system does already come bundled with at least one game), the same holds true for the PS4 and the Xbone, both of which are more expensive than the Wii U, do not come with any bundled games at all. And those two are both selling gangbusters. And most people I ask can currently name more current/announced Wii U games that they want than PS4/Xbone games that they want, but still they're more looking forward to picking up the latter consoles than the former.

I do feel that a horribly mishandled advertising campaign that started right with the initial announcement and even the name of the Wii U is partially at fault, but I still feel there's more than that at play. To me, the tone of the conversation often seems to almost be spite, that they were so dissapointed with the Wii that they won't even give the Wii U a chance. Which, as somebody who's really enjoying it and would like it to at least not turn out as a dismal failure, makes me really sad.
 

captainballsack

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MaximumTheHormone said:
GBA suggestion is pretty valid actually, specifically their pokemon games would be an absolute smash.
As long as if Nintendo were reasonable about price they would make a killing repackaging gens 1-3 on mobile platforms.
People have already created full GBA emulators for iPhone and android, so its easily technically possible.
Sell Pokemon Red and Blue for $15 and they'll make a killing.

I'm not saying it's ethical to do so, as $15 is incredibly steep for R/B, but I am saying it would be profitable as tits.
 

Pink Gregory

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Maybe we could have this conversation if Pachter wasn't the one to start it.

EyeReaper said:
I'm not going to lie, while this guy seems like an idiot, he does have (almost) a point. Why doesn't nintendo have DS classic games available for download onto like, a 3ds? that would be soooooo amazing. Seriously. they probably wouldn't be as cheap as 3-5 (that would be to good to be true) but I'd drop ten bucks to download Mario and Luigi: Partners in Time or something
Much as I like Nintendo, and am really only recently waking up to the library the Wii actually had - small as it is - planning on getting a WiiU etc; the virtual console and Eshop have been nothing but a disappointment. Now, if they added a Gamecube library to the virtual console, and basically had the same library between the WiiU and the 3DS...

Then I would change my mind
 

Karadalis

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ohnoitsabear said:
Can we please stop reporting on when this guy says something? His purpose is to give investment advice to people that don't know anything about video games, and has minimal relevance to anything that directly affects gamers in any way.

.....

You should read your own post again.

He advices investors, you know.. the people with the actual money? But ofcourse he has no relevance and doesnt really effect gamers. Something doesnt add up here.

And dont come out with "i said directly"

How much more direct can it be if a guy advices investors where to put their money in the gaming industry? Money doesnt grow on trees and these people that dont know gaming are usually those investing the most into the industry.

Now his predictions are open to debate but please think twice before destroying your own argument in the same paragraph.

Now.. it would be futile from nintendo to release their GBA or DS games on mobile devices, simply due to the fact that everyone who wants to play nintendo games on their mobiles allready does so with the help of well established and highly functional emulators. And with these emulators comes the ENTIRE libraries of both GBA and DS. Thats the problem with most handhelds.. heck the PSP has gotten its own Emulator now that works very well on PC and mobile devices. (To a certain degree its still unfinished but its amazing what that thing can do)

Where nintendo went wrong was to assume that the "casual" market would stick with them instead of adopting tablet gaming. They totaly and completely tossed asside their core gamer audience and loyal fans in order to build up this image of being THE family gaming plattform that everyone from littly timmy to old man sawyer can enjoy.

To bad that those people switched vehicles so to speak. And their core audience is not comming back either because theres almost no one left with a big name attached to themselves that actually could bring some quality games to the Wii U. I highly doubt that even the likes of smash brothers will change anything in the long term run.

The wii U wont magically outsell the ps4 or xbone suddenly because of smash brothers... that wasnt the reason the Wii outsold both its competitiors in the first place. It was a mixture of being the cheapest of the "new" consoles, having a gimmick that seemed really great in commercials (but really was not more then an annoyance in most games) and getting marketed to mums and dads across the globe as THE device to gain access to their childs hobby without making themselves look like they try to hard.

All these things simply dont exist with the Wii U anymore.
 

Strazdas

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Ah, Patcher, resorted to stating the obviuos now? Nintendo didnt do well in capturing mobile audience? You dont say?


Agente L said:
Why do we still pay any attention to pachter?

Has any of his "analysis" or "foresights" been correct? Ever?
statistically he has been around 50% correct. To keep in mind is that this includes such things as "GTA 4 will sell well" to be correct predictions.
Why do we pay attention to him? Becuase he is the only seriuos financial analyst that talks about gaming openly.

Weaver said:
How the hell are you going to play GBA games on a phone?
With my fingers?....

RaikuFA said:
I keep hearing people say they're buying one for Mario 3D World and Wind Waker HD. Plus I sold a bunch when I worked on Black Friday.
Thats the problem really. People keep saying they are buying on for Mario 3D World, but when it comes to it, they dont actually buy the thing...


Bleidd Whitefalcon said:
So he can predict the PAST? That's kind of a useless trait in a analyst :/
Not true depending on type of analyses. Here at auditing we would love to have people who can correctly predict past though. Figuring out what actually happened versus what papers show is very hard business. Failure to do so has lead to main causes of financial crysis getting AAA ratings.

Vivi22 said:
Pot meet kettle.
paketep said:
Pachter talking about how other person doesn't deserve his job. Talk about irony.
Vyress said:
Look who's talking!
No. Patcher is very good at his job. So good he has a 6 number paycheck. His job is NOT related to gaming though and his opinion about gaming is not part of his dayjob. he gives them because he likes gaming, not because he is a gaming analyst (he is not).
Him getting it right or wrong about gaming has absolutely no bearing on how good he does his job. Nintendos CEO however does have direct bearing.


BiH-Kira said:
Does he honestly believe Nintendo would earn more money if they went for the smartphone market and ruin their handheld market?
very likely so. Reason for this being: smartphone market earns so much profit it makes all 3 consoles put together like childs play.
It has overshadowed console market years ago in terms of income.
And the most important question, why the fuck does Pachter still have his job? He is even worse than a broken clock. A broken clock is at least twice a day right.
Patcher has a job because he is very good at it. His job is not related to gaming but to security trading. Games is a hobby for him, which does not affect his dayjob. ALso his predictions are statistically around 50% correct.

Full Metal Bolshevik said:
gamernerdtg2 said:
I don't know this dude, but I think he's right about this being the last gen for consoles.
He predicted the same last gen and he failed miserably.
Not necessarely true. Technically we could say he was correct. The current gen, with exception of WiiU, is just underpowered and limited PCs with locked hardware and software. They arent consoles in a sense of why people were buying consoles. They are not cheaper, they are not easier to use and they are no longer plug and play. The only thing they got going for it is exclusives and thats the worst thing they can have going for it.

Karadalis said:
You should read your own post again.

He advices investors, you know.. the people with the actual money? But ofcourse he has no relevance and doesnt really effect gamers. Something doesnt add up here.
No. You should read Patchers position title. Patcher gives investment advice about securities trading. Nothing to do with videogames. Patchers dayjob does not affect games in any way.
 

Vylox

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Weaver said:
Iwata is maybe not the best, but I hold nothing but scorn for the American version of business where the goal is to ensure next quarters profits are up to make fat cat shareholders some money even if it involves firing 40% of your workforce and ruins the company in 2 years.

Iwata, like most Japanese businessmen, is much more concerned about the longevity of the Company and creating a great working environment for his employees rather than than turning a quick buck for greedy shareholders who don't give a single fuck about anything beyond the size of their wallets. Yes, the WiiU is doing poorly. Yes, Nintendo is in a bit of a slump. But the 3Ds is really starting to take off, and when Bayonetta II and Smash Brothers are out I speculate LOTS of WiiU's are going to start moving.

Pachter can fuck right off quite frankly. How the hell are you going to play GBA games on a phone?
They more or less require actual buttons that are responsive instead of flaky touchscreen controls. Beyond Advanced Wars I would LOVE to see anyone play Minish Cap, Metroid Fusion, Super Mario Advance 2, (or really any game that requires reflexes) on a phone.
This. This right here.
Plus
Nintendo donates millions to community projects and local schools, not some random fricking charity cause.


BTW, who is this idiot Patcher ?
Does he not know anything ? Has he not bothered to go into the e-shop on the 3DS ?
 

J Tyran

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Gizen said:
Falterfire said:
Gizen said:
EDIT: On a bit of a tangent, I don't understand WHY the Wii U is selling so poorly. Every single person I ask why they're not buying it gives me the same reason. "I'm not going to buy it because it has no games I care about. Oh, except for..." and then they proceed to list off a whole bunch of games for it, or that are soon coming out for it, that they want.
Well, let's say you grab a Wii U from Amazon right now for $325. Now you need a game, which is approximately $60. At that point, you're down $385 and you have exactly one game you can play, which means effectively that game cost you $385. If you buy a second game then you've spent $445 (or $222.50 per game). You have to buy nine games at $60 before the effective cost per game drops below $100.

That's a lot of money for a game. If your friends are like mine, they just can't bring themselves to spend that much on any one or two games and there are nowhere near enough games (And they don't have enough money to spare) to make the effective cost/game worth it.
While all that is true (mostly, as other people have said the system does already come bundled with at least one game), the same holds true for the PS4 and the Xbone, both of which are more expensive than the Wii U, do not come with any bundled games at all. And those two are both selling gangbusters. And most people I ask can currently name more current/announced Wii U games that they want than PS4/Xbone games that they want, but still they're more looking forward to picking up the latter consoles than the former.
You can count on great 3rd party support with the Xbone and Lamestation 4 though, the Wii Poo only has its (albeit great) first party titles and 3rd party games that are also on last gens consoles. If someone owns a 7th gen console they are left in the position of getting a Wii U only for a handful of games, if they want the 3rd party current gen games they will have to get either an XBox One or PS4.
 

OldNewNewOld

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Strazdas said:
Are you trying to tell me that being correct for 50% of the times, when the correct predictions are something that only C. Obvious would say without shame and the incorrect are the important things is a good thing?

Even the man himself had to defend himself from attacks by saying that his predictions are close to 50% but that he just didn't state many of his correct predictions openly and that's why his accuracy seems to be below 50% while it isn't. That sounds like something a immature kid would say.
"I-I knew that! I just didn't to say it!"

I've read many non-name analyst's predictions and many of them are much more accurate than Pachter. The only reason this man has a job is because he was lucky to get famous and now he's famous and everyone listens to famous analysts.
 

Strazdas

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BiH-Kira said:
Strazdas said:
Are you trying to tell me that being correct for 50% of the times, when the correct predictions are something that only C. Obvious would say without shame and the incorrect are the important things is a good thing?

Even the man himself had to defend himself from attacks by saying that his predictions are close to 50% but that he just didn't state many of his correct predictions openly and that's why his accuracy seems to be below 50% while it isn't. That sounds like something a immature kid would say.
"I-I knew that! I just didn't to say it!"

I've read many non-name analyst's predictions and many of them are much more accurate than Pachter. The only reason this man has a job is because he was lucky to get famous and now he's famous and everyone listens to famous analysts.
No, im just saying that broken clock comparison is unfounded. Also he did make some hard predictions that were correct. http://nintendoenthusiast.com/forums/discussion/1110/michael-pachter-prediction-accuracy-thread/p1

Patchers job has nothing to do with gaming, so thats not why he got a job.
 

Stavros Dimou

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Iwata. The opinions about this man have been mixed.
He is the man that took a company that was leading the "omg look at these graphics" philosophy on making consoles that Nintendo had with the NES,SNES,N64 and Gamecube,and turned it to "lets keep graphics old but try something nobody would expect" philosophy that Wii and WiiU were designed on.
Iwata's strategy worked well with the Wii,as it sold quite good. But now it didn't work with the WiiU.
Perhaps if the gimmick / special feature of WiiU was more catchy,it would have sold way better.
But as it is now,having an extra sceen on the gamepad didn't turned to be that attractive.
The problem with Nintendo has been that they always needed to be first on sales to not consider their consoles failures.
Even if a console would bring in profit,if it was not the one that would sell most,they wouldn't feel good with it.
Take Gamecube for example. A great console.
While it finished third on the race of sales between PS2 and Xbox,Nintendo was getting profit from each console did while the others was loosing money and expected to get them back from software sales.
That brought Nintendo much more capital profits than the others did from hardware sales actually:



Yet Nintendo wasn't pleased,and Iwata decided that not only each console should bring profit,but also that the number of console sales should be the highest than the others,so he made Wii,which skyrocketed Nintendo's income.
From a business perspective Iwata's movement have been more than successful: He doubled Nintendo's profits.

Yet while with the Wii Nintendo got richer than ever,quite a number of people who were buying Nintendo consoles were displeased,because Nintendo catered to a different audience.
The problem with WiiU is that it is a product that doesn't seem attractive neither to the 'core' gaming audience,neither to the 'other' audience.
And while practically WiiU is a failure for that reason,what Iwata has already offered to the Investors (double the earnings) is quite a good job.

If action is to be taken,then I don't think it will be Iwata loosing his job.
It's much more plausible to stop the production of WiiU next year and come up with another console and Iwata in his position,than firing Iwata.
Because while Iwata did a mistake with WiiU,he did a great right with Wii,at least in the Investor's eyes.
How Iwata manages WiiU's bad sales is remaining to be seen,and remember: This is the second console Nintendo releases with Iwata in his position,and the first to fail.
I'm sure they will give that guy another opportunity.

Now while as an Investor I would personally give Iwata a second chance,as a gamer I preferred the old Nintendo philosophy,the one of leading the hardware race as it did in the NES-SNES-N64 era.
 

WeepingAngels

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RaikuFA said:
Weaver said:
Iwata is maybe not the best, but I hold nothing but scorn for the American version of business where the goal is to ensure next quarters profits are up to make fat cat shareholders some money even if it involves firing 40% of your workforce and ruins the company in 2 years.

Iwata, like most Japanese businessmen, is much more concerned about the longevity of the Company and creating a great working environment for his employees rather than than turning a quick buck for greedy shareholders who don't give a single fuck about anything beyond the size of their wallets. Yes, the WiiU is doing poorly. Yes, Nintendo is in a bit of a slump. But the 3Ds is really starting to take off, and when Bayonetta II and Smash Brothers are out I speculate LOTS of WiiU's are going to start moving.

Pachter can fuck right off quite frankly. How the hell are you going to play GBA games on a phone?
They more or less require actual buttons that are responsive instead of flaky touchscreen controls. Beyond Advanced Wars I would LOVE to see anyone play Minish Cap, Metroid Fusion, Super Mario Advance 2, (or really any game that requires reflexes) on a phone.
I keep hearing WiiU isn't selling but... I keep hearing people say they're buying one for Mario 3D World and Wind Waker HD. Plus I sold a bunch when I worked on Black Friday.
Wind Waker HD has created a great love for the Gamepad for me. I can't imagine going back to the Gamecube version anymore. I am not even looking forward to going back to the 360 and PS3 controller. Even the Wii U Pro Controller sucks compared to the Gamepad. I think the Wii U is pretty fantastic.

I do think Nintendo of America kinda sucks though, VC output has always been too slow.

I also think the 3DS is great too. I have never played a game on a phone or tablet though so I have no basis for comparison.
 

Roxas1359

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Iwata is a good CEO and he can stay. If anything I say direct some of the stuff to the CEO of Nintendo of Europe since Europe pretty much gets screwed over in localization and advertising it seems. Reggie and Iwata can stay, get Satoru Shibata to start trying to do better with localizations for Europe or get someone else I say.

That being said, Patcher is really just an idiot with his predictions most of the time, but I do love him being around for comedy.
 

Ed130 The Vanguard

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I don't know about firing Iwata, but Nintendo really needs to step up its game with the WiiU. And when I say 'step up' I don't mean releasing the new Mario game in Europe as the same day as the friggin PS4 release.

As for its back catalogue, a transition from a hardware based system to an account version for their E-shop would help.
 

weirdee

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Stavros Dimou said:
I kinda doubt Nintendo's gonna be leading any hardware races since the scaling up in development costs due to that race has reached the point where only the hype generated by mindless money churning companies is getting the investor dollars for that kind of thing, and that philosophy is also why the console scene has been bare of anything memorable of late besides large piles of disappointment, or the same damn thing from before. Anything necessitating slash and burn is not going to create a real legacy.

I think Sony All-Stars sort of underlined the issue with that.

Considering what we've seen so far, the talk about the hardware and the graphics (so next gen, very polygons, look at that ram) amounted to...roughly last gen endgame speeds and graphical results that are difficult to perceive as higher quality. Nothing got magically better! The "REAL next gen" games are the same damn pieces of drivel, and even the indie offerings are somewhat middling, when they're not ports anyway. Oh boy, I'm looking forward to this new box thing! It's got that new box smell, but it doesn't scare me at all like that other thing that I bought into cause it was also popular but then was disappointed because it was all hype. This time, it'll be different!

Sure, they can do all these things, and then it'll look like they're successful, but at the end of the day, it's all a lie, and everybody's living with that stupid lie right now, but some day we'll look back and have nothing to show for it.
 

Dragonbums

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Neronium said:
Iwata is a good CEO and he can stay. If anything I say direct some of the stuff to the CEO of Nintendo of Europe since Europe pretty much gets screwed over in localization and advertising it seems. Reggie and Iwata can stay, get Satoru Shibata to start trying to do better with localizations for Europe or get someone else I say.

That being said, Patcher is really just an idiot with his predictions most of the time, but I do love him being around for comedy.
I figured the US was bad with localizations. Honestly, some of the Nintendo branches overseas could do with a bit of inspection on the effectiveness side.

Especially marketing.
 

Dragonbums

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Ed130 said:
I don't know about firing Iwata, but Nintendo really needs to step up its game with the WiiU. And when I say 'step up' I don't mean releasing the new Mario game in Europe as the same day as the friggin PS4 release.

As for its back catalogue, a transition from a hardware based system to an account version for their E-shop would help.
They've already done that.

It's called a Nintendo Network ID. While it's not revolving around games just yet it does involve unifying your Wii U and 3DS eshop currencies (note that currencies tied to your hardware are still available for your use). They said that they will be adding more features later, so I'm pretty sure game purchases will be tied to this single account system soon enough.
 

Roxas1359

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Dragonbums said:
I figured the US was bad with localizations. Honestly, some of the Nintendo branches overseas could do with a bit of inspection on the effectiveness side.

Especially marketing.
Europe has always had the worst localization times for Nintendo products and they usually get the short end of the stick or entirely screwed over by Nintendo in general. Hell they still haven't gotten Shin Megami Tensei IV because Atlus doesn't have a European department, but since it's exclusive for the 3DS Nintendo should have stepped in to localize it. Combine that with region locking and you get very unhappy customers for Nintendo products in Europe and Australia, since they share a region. Heck the only thing they have going for them is that the Club Nintendo prizes in Europe are a million times better than the ones in the US.

The really sad part is that it's been that way ever since the NES days in which Nintendo rarely ever localized anything there, and then there are the rare times that they localize something there first. Sega had it's strongest support in Europe because Nintendo always would screw them over, and when Sega dropped out of the console race Sony picked up from them. It wasn't until last gen that the biggest market in European gaming, the UK, switched to the 360. However this gen they went more with the PS4 it seems. It's why Nintendo getting their ads pulled is their fault because they should know how Europe works by now, but it always seems like Europe is an after thought to them which is really sad.
 

Ed130 The Vanguard

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Dragonbums said:
Ed130 said:
I don't know about firing Iwata, but Nintendo really needs to step up its game with the WiiU. And when I say 'step up' I don't mean releasing the new Mario game in Europe as the same day as the friggin PS4 release.

As for its back catalogue, a transition from a hardware based system to an account version for their E-shop would help.
They've already done that.

It's called a Nintendo Network ID. While it's not revolving around games just yet it does involve unifying your Wii U and 3DS eshop currencies (note that currencies tied to your hardware are still available for your use). They said that they will be adding more features later, so I'm pretty sure game purchases will be tied to this single account system soon enough.
I think you mean they've started heading towards an account system, because phrases like 'I'm pretty sure' and 'soon enough' isn't what I would associate with the past tense you used in the beginning of your post.

A better phase would be 'they've started on that.'

And even then the currency merger is a rather incremental step.