Hacking Nintendo Report $762,000,000 Lost Due To Piracy

[jaxxster]

wow! Thats alot of money! I bet sony lose way more tho

"
Nintendo just released an official statement that explains how pirate copies of games affect the market & hurst the gaming companies.

In four years, 7.7 millions copies of video games have been seized in 300 chinese factories. We can understand the bitterness of Nintendo, that released its official statement to show how the United States of America is working with them to fight piracy.

With all these illegal copies seized, only one lawsuit has been filed in China for software piracy. Nintendo finds this situation scandalous.
They want this situation to stop and they want China to finally put their pirates in jail instead of giving them a small fine.

This is what pushed Nintendo to complaint to USA about this situation and request help to force China to react on this situation. Nintendo also wants to complaint to Hong Kong, Brasil, Mexico and Paraguay.

Nintendo says that this “piracy factory” is huge. The money lost in piracy is estimated to be 762 million dollars, which is completly unacceptable."

 

[cruddybuddy]

We've got to do our part to help stop this!!!

 

[bobrules]

can i ask how much they are making?

 

[jumpman17]

And as always, Nintendo is figuring their numbers from a point of "if you pirate it, you are taking away the $50 that you would have spent on the game when you bought it".

A) Who says we pay full price, there are these things called sales. Only 1 or 2 of my 10 Wii games so far were bought at full price.

B) That's assuming that they'd even buy the game. It could be a mediocre game that they would have never bought in the first place but since it's free they thought they'd at least check it out once and realize they weren't missing anything and chuck it. Or they might not even been able to afford the game in the first place and therefore no loss.

Now I'm not saying piracy is right, I'm just saying that these numbers of imaginary made up numbers of lost imaginary money is bull.

ZOMG! Due to the interwebs, we've lost 700 gajillion-bazillion barney dollars! ZOMG!

 

[jaxxster]

well last finacial year they made well over a billion. Cant remember where i read that so it could be wrong.

 

[lagman]

They can´t lose money due to piracy, however they may "stop earning".

 Â
Japanese video game maker Nintendo raised its sales and profit forecasts for the fourth time on Thursday for the business year just ended, thanks to robust demand for its DS handheld games, sending its shares higher.
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The company said sales totaled about $8.1 billion for the year ended March 31, up from its previous forecast of $7.58 billion, and compared with a consensus of $7.82 billion in a poll of 17 analysts by Reuters Estimates.
...

In its third earnings revision for the year, announced in January, Nintendo said it expected an operating profit of 185 billion yen and net profit of 120 billion yen, both of which would already be record numbers.

It plans to report actual profit figures when it announces its annual earnings on April 26.

"Merchandise does not move in the January-March quarter--that is the norm in this industry," Nintendo spokesman Yasuhiro Minagawa said. "But ours somehow did."
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...
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Nintendo also said on Thursday it now expects a foreign exchange-related profit of $168.5 million for the 2006-07 business year, rather than its previous forecast of an $84.2 million loss.

Following the midday announcement, shares in Nintendo erased a morning loss and closed up 2.1 percent at 34,350 yen, outperforming the Nikkei average, which lost 0.3 percent.

The stock has nearly doubled over the last 12 months, while the Nikkei remained virtually flat.

SOURCE: ZDNET

 

[-EX-]

lol

 

[fischju_original]

Rom's arent much compared to that...that is money that would have been spent on the real game, but instead went to pirates, who used it to buy more pirating stuff

 

[modshroom128]

i like all piraters... exept the asain ones... cause they rip you off.
real pirates share a magical bond...

but the chinks make fake bootleg pokemon games and overprice them in their markets...

 

[lagman]

i like all piraters... exept the asain ones... cause they rip you off.
real pirates share a magical bond...

but the CHIRATES make fake bootleg pokemon games and overprice them in their markets...

Fixed

 

[modshroom128]

They can´t lose money due to piracy, however they may "stop earning".







who says i was going to buy the fucking game to begin with... its not like if i wouldint have pirated wing island, i would have bought it.

 

[alucard77]

We've got to do our part to help stop this!!!

Funniest post ever.

 

[juggernaut911]

good thing I stopped!!!

>_> :moonwalk_out_of_room:
how they know where to strike?

 

[modshroom128]

i like all piraters... exept the asain ones... cause they rip you off.
real pirates share a magical bond...

but the CHIRATES make fake bootleg pokemon games and overprice them in their markets...

Fixed

lawl

 

[bobrules]

I think there are Big N employees in this forum already.

 

[modshroom128]

I think there are Big N employees in this forum already.

offtopic for no reason:
gctonyhawk is a big n employee...
if you ever owned an m3 product, you no him.

 

[bobrules]

never knew about gctonyhawk, but he makes TOP notch skins!!

 

[link459]

Gctonyhawk is a Nintendo employee?! WTF?!

 

[modshroom128]

Gctonyhawk is a Nintendo employee?! WTF?!

hey links, (m3 forum

)

ya, he is.

 

[Smack]

but the chinks make fake bootleg pokemon games and overprice them in their markets...

Am I missing something here cause that is about the most racist thing I have heard in some time! Not cool.

lagmanThey can´t lose money due to piracy, however they may "stop earning".

Oh they very much lose money. Having modded my Wii sure there are games I have I would never have ever spent money on but there are some that I would. ie: Nintendo loses sales

But more so, the whole meat and potatoes of this is that the piracy discussed in the original article is about redistributing a copywriten product for profit. This practise is more than prevalent in Asia and particularly in China where it is so common it is the norm. While Nintendo may find the modded users an annoyance, someone reaping their profits by selling their goods is grounds for legal action and equates to many dollars in lost sales. It seems Nintendo would like the Chinese government to take this a little more seriously than handing out small fines which are not much of a deterrence at all. Piracy will never be stopped but large scale operations can be brought down.