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I don't think this is true. From what I know, even during the GameCube years, they were turning healthy profits.
you're right. even when Nintendo was a dismal 3rd in the last console war with Gamecube, they were still making very healthy profits with the console. still dominating the handheld market helps too. Before Wii, I could wrong, but I think they had about 3 billion in cash reserves.
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that's what I thought too but you can buy it easily in the US market if you look for OTC:NTDOY
Its not doing very well this year. Is that just because of the market downturn?
Maybe now, but just before the DS (and Wii), they weren't looking very healthy financially.
This is in part due to the unexpected roaring success of the Wii. Such a feat will be difficult to pull off in the future (although Nintendo is remarkably left-field thinking and might surprise us).
So before the Wii and DS, I bet that the profit-per-employee was probably less than that of a Goldman employee.
I would be really interested in a 10 or 20 year profit-per-employee comparison between Goldman and Nintendo.
Key takeaway: "Nintendo is able to make so much money with so few people because it relies on outsourcing." I met a fellow who once employed over 30 people for his building construction company. Then he became one person, with the rest outsourced. Maybe he is doing better than Nintendo if one measures success as the article does.
Yes, and here's another great example of outsourcing: Vizio, the flat panel TV manufacturer had revenues of $1.9b with only 85 employees. That's $22.4m/employee in revenues. I don't know what their profit margin is though. ( http://www.inc.com/inc5000/2008/company-profile.html?id=2008... )
Maybe the guys from Zoho can explain to us why that means they're never going to really care about portable gaming or something.
Actually, it would explain very well why Nintendo would never get into, say, DVD players, HDTVs and such. And Nintendo's per-capita profitability also explains why Microsoft is so desperate to break into video games, except that they just haven't been able to replicate the magic so far.
Their performance might not seem as impressive as it is because they have other multi-billion dollar products, but the Xbox has been a gangbuster success for Microsoft.
Look at it this way. If you think Microsoft knew, when they started their foray into the video gaming world, that they'd be exactly where they are today that they still would have done it?
My guess it they're REALLY happy with the way it worked out.
Nintendo are nuts. The guys at Nintendo in charge of a project I worked on never seemed to stop working, despite their night time falling into our time zone's work hours. It's pretty sad to hear that for their extended 7-day work week they're getting $90k on average.
it's not really crazy in East Asia (China, Japan, South Korea). it's more or less the norm. sacrifice everything for big corporation X and yet not expect a sizable reward within a relatively short time frame (well at least by Western standards) I take it no one has heard of Samsung's dormitories? For the 1st 2 years of employment there as an engineer, you have to live in the company dorm with your team (sharing a roo…
Earlier quoted context omitted.
that's what I thought too but you can buy it easily in the US market if you look for OTC:NTDOY
Its not doing very well this year. Is that just because of the market downturn?