Nintendo Corp. announced today the closure of all of its offices world-wide. This comes just months after the launch of the new Wii game console.
"Wii had high hopes for the Wii, pun intended; it seemed like a revolutionary game system at the time of conception, but the market proved otherwise" said a spokesman. Analyists have been speculating months prior to the Wii's launch that the game system would put ninteno back into "the black".
"It's sad to see a behemoth corporation take the plunge after investing so much time and energy in making sure a product is absolutely marketable.", said a marketing professor at USC. "I suppose in the end it's the consumers who make the decision whether to give the thumbs up or down".
Nintendo lays the blame on the over manufacturing of the Wii Systems, and too few game choices. Nintendo started production of the first 5 million Wii's back in November of 2005, and continued with 1 million system every month since then, world-wide. The company only sold 500 units in the U.S. alone, only 1/3rd of the projected sales for North America. With nearly 30 million units left on the shelves, stores have already started to auction the machines to Dollar store distributors.
Most game development companies refused to work with the new system because of the development difficulties.
"Hey man, we just wanted something that would do 2d (two-dimensional) graphics, and this thing was capable of 3d, real-time effects and junk. I mean, that's a whole other dimension that you have to think about and quite frankly, is not where the game industry at right now, and I have to have time to catch some waves too man!" said games developer, Brian Scott.
But still, after all these years Nintendo will always have a places in our hearts.
"Though we failed in this venture, and have to close down everything... and file for bankruptcy..., I wouldn't doubt it if you'll be seeing us sometime in the future, but maybe in the entertainment themed restaurant business."