Nintendo’s profits drop 30% year-on-year

first_img 5 years ago MonoGame isn’t on any Nintendo platform yet? I think the MonoGameTeam gave up. 5 years ago They mentioned VR because it came up as the new thing. And of course they’re looking at itThey do not have the engineers to implement it, their console cannot handle it. What is awesome tech, but will questionably even attain “fad” status with the public will be long gone before they’d be ready for it. The man talked about it because it needed to be addressed, but Mario VR is coming out the twelfth of never barring The very unlikely event they are acquired by someone. Nintendo’s profits drop 30% year-on-yearSplatoon sells 4 million, but no news on company’s first smartphone game [UPDATE: Nintendo looking at VR]Dan PearsonTuesday 2nd February 2016Share this article Recommend Tweet ShareCompanies in this articleNintendoNintendo’s finances took a dip in the company’s third quarter report for FY 2015 – sales stayed relatively stable with just 3.9 per cent shrinkage to 427.7 billion Yen ($3.5bn), but profits dropped by 32 per cent year-on-year to 40.5 billion Yen ($336m). Although the bottom line failed to excite, plenty of familiar faces performed well for the publisher’s software arm, as well as a few new names. Top seller was Child friendly Wii U shooter Splatoon, shifting over four million units. Super Mario maker wasn’t far behind on 3.34 million, whilst Animal Crossing Happy Home Designer reached 2.93 million. Collectively the 3DS family sold 5.88 million units of hardware and 38.87 million games. The Wii U totalled 3.06 million consoles and 22.62 million pieces of software. 20.50 million Amiibo figures were sold, and approximately 21.50 million Amiibo cards. Those eagerly awaiting news of either the new NX system or the company’s first smartphone game will be disappointed – neither was mentioned in the company’s forward looking statements. Instead, the publisher focused on relatively known quantities.”For Nintendo 3DS, we will globally release a special edition hardware pre-installed with Pokémon title(s) from the originalPokémon series on February 27 which marks the 20th year since the original Pokémon series release,2 read the accompanying statement. Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games “Furthermore, Mario & Sonic at the Rio 2016 Olympic Games and key titles from third-party publishers are scheduled for release. For Wii U, we will strive to maintain the attention level of Splatoon and Super Mario Maker, which are continuing to show steady sales, while introducing new titles such as The Legend of Zelda: Twilight Princess HD. Meanwhile, for Amiibo, we will continue to expand the product lineup in order to maintain momentum. At the same time, we will aim to further expand sales by offering new gaming experiences with the use of Amiibo. In addition, the first application for smart devices, Miitomo, is scheduled for release.”The company has maintained its full year target of 35 billion Yen in profit.Update: According to Dr. Serkan Toto, Nintendo said it’s also “looking at VR,” but no further details were given. It shouldn’t be a surprise that Mario and company are at least examining the possibility of getting into VR, but that doesn’t mean a platform will come from Nintendo any time soon. There no doubt will be years of R&D and executives will undoubtedly want to see how the market for VR shakes out before diving in headfirst.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Daily Update and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesNintendo appointing Despicable Me studio head to board of directorsAnimation studio behind Mario movie gains influence as Illumination Entertainment CEO Chris Meledandri expected to join board next monthBy Brendan Sinclair 6 days agoNintendo reports record full-year profits as Switch nears 85m units soldAnd, despite forecasting decline, the platform holder expects console to beat Wii’s 101 million lifetime sales this yearBy James Batchelor 6 days agoLatest comments (2)Jeff Kleist Writer, Marketing, Licensing 0Sign inorRegisterto rate and replySign in to contributeEmail addressPasswordSign in Need an account? Register now. 0Sign inorRegisterto rate and replyCurtis Turner Game Developer – Monsters of Warlast_img read more

Insurance to cover fees and costs?

first_img Insurance to cover fees and costs? Senior EditorIt is not an ethical violation for an attorney to buy an insurance policy that would cover his or her client from fees and costs imposed as a result of rejecting an offer under Florida’s unique offer of judgment statute, according to the Professional Ethics Committee.The committee was approached by Rick Kolodinsky who asked if it was ethical for him as an attorney to advance the cost of the premium on a policy that would indemnify the client if ordered to pay fees and costs under Florida’s offer of judgment law.The statute provides that if the plaintiff makes a settlement offer which is rejected and then fails to get 75 percent of that amount in a final award, then the plaintiff is liable for the defense attorneys’ fees and costs. Likewise if the award exceeds the offer by 25 percent, then the defendant is liable for the plaintiff’s attorneys’ fees and costs. The same principle applies if the defense makes a settlement offer.The law requires that the plaintiff or defendant — not their attorney — must pay those levies.Stephen Van Wert, an insurance broker who appeared at the meeting, said he sas in the initial stages of exploring whether it would be profitable to offer such insurance policies and wanted to make sure there were no ethical hitches before he went further.Kolodinsky and Van Wert noted that Florida’s offer-of-judgment law is unique in the nation, and any insurance policy would be offered only in Florida.“This product does not exist. This would be classified as an exotic insurance product, if the product is even viable,” Van Wert said. “If the attorney is not allowed to advance the [premium payment as a] litigation cost, pretty much the product is DOA. If it is allowed, then we have a product.”While policies would be offered to both plaintiffs and defendants, it would probably be used mostly by plaintiffs, since many defendants are insurance companies who can practically provide their own insurance, he added.Van Wert said the policy would be levied early in the case so “that the result is not predetermined.” He projected the policies would be offered for $10,000, $25,000, and $50,000 of coverage, with premiums running about 1 percent of the covered amount.Kolodinsky also argued that the policies would level the playing field, since poorer plaintiffs now are tempted to take a low settlement offer to avoid the prospect of being forced to pay the defense’s attorneys’ fees and costs.The proposal produced a lively debate among committee members.Committee member Pamela Seay said, “Looking at the statute, what it says is the imposition of costs, and attorneys’ fees are costs and sanctions. You cannot insure against a sanction. By allowing this to proceed and trying to allow this through an ethical rule, we are bypassing the purpose of the statute and we are creating a law of our own. I think we are wrong in doing that.”But committee Vice Chair Marti Chumbler disagreed.“The question of whether this is an allowable type of insurance is beyond the purview of this body. The only question is if there were this product, if this were an allowable product and the plaintiff elects to pursue it, can the attorney pay the premium. But for the litigation, you wouldn’t have that expense,” Chumbler said.Committee member Linda Brehmer-Lanosa saw a different problem.“I don’t think that which cannot be done directly should be allowed to be done indirectly,” she said. “The attorney can’t pay directly [the fees and costs] and this is indirectly paying them.”The committee voted 22-12 to modify a staff opinion, which said an attorney could not advance the cost of the premium on such an insurance policy. Instead the opinion will say the attorney can advance the cost of the premium and make the repayment of that cost contingent on the outcome of the matter, but that the Bar offers no opinion on whether the policies themselves are legal or comply with the Rules Regulating The Florida Bar. Insurance to cover fees and costs? October 1, 2009 Gary Blankenship Senior Editor Regular Newslast_img read more

Big names key

first_imgBy Mark Gullick DEVON Meadows produced a strong four-quarter effort to overrun Keysborough by 44 points at Glover Reserve on…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.last_img

Swans restore lost pride

first_imgBy JARROD POTTER VICTORIAN PREMIER CRICKET – ROUND 15 (Day 2) THE all-round efforts of Casey-South Melbourne (249) finally paid…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.last_img

Trafalgar and CostSaver launch new Weekly Specials

first_imgTags: CostSaver, Trafalgar Thursday, July 21, 2016 TORONTO — Another week, another travel deal, courtesy of Trafalgar and sister company CostSaver. The two companies have announced the launch of Weekly Specials, which include value-added travel deals every week.Recognizing the trend towards last-minute vacation bookings, Trafalgar and CostSaver have introduced Weekly Specials to encourage a sense of urgency and spontaneity amongst clients. Each special will last six days, 23 hours and 59 minutes.“We are always listening to our consumers and feedback from our supportive agents and our Weekly Specials were created out of inspiration from the purchasing habits of Canadians,” said Wolf Paunic, president of Trafalgar Canada. “Trafalgar’s Weekly Specials are great opportunities for agents to book clients on their dream vacations with fantastic prices.”The websites of both companies will be updated every Wednesday morning with a selection of 10-15 Weekly Specials, each offer savings of 10-15%. Specials will be themed to make it easier for agents to quickly assess if they’re relevant for their clients, with a focus on destinations such as Iberia Specials, USA & Canada Specials, or events like Christmas Market Specials.More news:  Flights cancelled as British Airways hit by computer problemFor the latest Weekly Specials visit trafalgar.com/offers/weeklyspecials or costsaver.trafalgar.com/deals/weeklyspecials where a live countdown timer will show how long there is left to snap up the hottest travel deals of the moment. Posted by Travelweek Group center_img Trafalgar and CostSaver launch new Weekly Specials Share << Previous PostNext Post >>last_img read more