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Furukawa: confident in 100m software goal, but 20m hardware goal "not easy."
- Thread starter NintendoMariah
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They're probably waiting till January to adjust the forecast since they were waiting to see how Pokemon and smash were doing.
After they have the December numbers it should be easier to forecast
After they have the December numbers it should be easier to forecast
To me they will be real close over or under on hardware. But if they confident they will hit software that tells me they are selling switches like gang busters or people with switches buy way more games then most gamers.
No 'popular' games launching next year will have been green-lit this year; at best maybe ports or small eShop titles green-lit this year might make it.
I am buying 3 Switches for christmas, 2 copies of smash and 1 of Splatoon for my daughter. So thats my part done Nintendo :)
They released software almost every month this year. What releases is a matter of what's ready to release, which goes back to what is green lit, when, and how development goes.
That was very unusual for Nintendo for sure, maybe Furukawa is learning.
Yep, I'm not sure they know if they are going to hit it or not, I do think they will be very close if they miss it and might not want to down grade it, as long as they did 10M+ for this quarter, they should hit 19M+ for the year and they did about 7.5M last year with this year being up heavily in america and looks like it will be up half a million minimum in Japan as well, it's going to be close.
isn't Yuji Nakamura one of the ones who're expecting Nintendo to not hit estimates? I've seen his name come up multiple times with similar comments.
in any case, this isn't a new statement. they always said it was gonna be a harder push, but they think they can make it
in any case, this isn't a new statement. they always said it was gonna be a harder push, but they think they can make it
Saying it then versus saying it now, after December numbers are clear, are two different things with two different implications.
He went from 8M this summer to 16/17 last month.
Switch will probably ends up at 18.5M minimum, remember that it's shipped not sold.
Yes but given 2017 we have actual reason to believe them (as well as the lineup for 2019 already looking fairly stacked).
Remember, 20 million hardware sales = do or die. If they dare to be 5-10% short, they are failing. Now if they're 50% above on software sales prediction, who cares
Because having an above expectation healthy purchase happy install base doesn't matter :P
Because having an above expectation healthy purchase happy install base doesn't matter :P
No one cares about games, gimme those console sales
Saying "it's not easy," doesn't mean they won't hit it. It means that...it's not an easy thing to do. Crazy, I know
Because what is there to talk about there? They were going to smash that software goal no matter what.
Nintendo has claimed this every year. They used to claim there wouldn't be new deck droughts in the 1800s.
Pretty much what they said last time, and they will not change what they're saying until the next financials or they hit their goal before their next financials. The holiday season isn't even over. They're not going to mention their targets next year either until their next financials too.
The comment about the forecasts is nothing new. He said the same thing back in the Q&A at the last financial briefing...
https://www.resetera.com/threads/nintendo-q-a-for-2nd-quarter-fy3-2019.79930/
https://www.resetera.com/threads/nintendo-q-a-for-2nd-quarter-fy3-2019.79930/
Would December numbers be clear yet? I mean based on what happened with November, and in the past, they seem to play their press coverage quite conservative in relation to sales statements.
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Definitely they are conservative, but we are three weeks into December. One way or the other they know what the sales trend is at this point.
No, he isn't going to disclose how the Switch is doing before earnings releases because of how investors would react.
Well nothing is going to change in what they're saying though. Even if the outlook is absolutely golden, Nintendo is always going to keep their lips sealed extremely tight.
But he may start lowering expectations to avoid a bloodbath in January, wouldn't he?
The sales trend has always been that it was going to be close anyway you split it.
I read the Japanese article and in terms of understanding the correct nuance, what Furukawa is saying is that hitting the 20 million goal is no walk in the park.
That's it.
There's no indication either way as to whether they're in danger of missing the goal. Gleaning anything else from the quote is pure conjecture.
If Furukawa said the goal would be "hard," then that would be a completely different story. But that's not what he said.
That's it.
There's no indication either way as to whether they're in danger of missing the goal. Gleaning anything else from the quote is pure conjecture.
If Furukawa said the goal would be "hard," then that would be a completely different story. But that's not what he said.
It's selling more like the PS4, they thought it would sell like the Wii probably because their logic was "well if you add in Labo and Pokemon Go audience that must mean 20 mill!". This is just Nintendo not quite understanding the Switch early on, but they'll learn now, and its not a negative, either way they've got a red hot piece of hardware.
Oh.
Maybe we should get the title changed before some site grabs it and reports on it with a click bait headline lol
If that were the case I think they would have lowered the forecast, which Nintendo hasn't done so far.
Well, they wouldn't lower the forecast until after the Holiday season regardless, but if they were going to, they would start lowering expectations now.
That said apparently the quote is a mistranslation (of sorts).
The Switch isn't the Wii U or 3DS... What situation are you trying to imagine that Furukawa had to revise forecasts during December and announce it to investors?
Because the Switch right now is nothing like the Wii U or 3DS when they had to revise down forecasts or announce the severe price cut.
I'm not saying he is making any announcement now. I am saying if he anticipates the forecast being lowered, he would start some expectation management preemptively now.
The whole discussion is moot anyway.
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