http://www.neowin.ne...ntendo-be-saved
A popular Japanese-based game console company is facing new competitors as well as old adversaries in the game industry. It releases a new console product with with some revolutionary features. But despite the superiority of the product, the general public decides to move to other platforms, even when the company cuts the price of the console drastically.
This is not the story of Nintendo and the 3DS console. This is the story of Sega and the Dreamcast. As most of you know, the Dreamcast finally shut down production in early 2001 after declining sales, the rise of Sony's Playstation 2 console and the promise of another advanced game console, Microsoft's first Xbox, that would be released later in 2001.
This week, Nintendo announced that it had lost nearly $1 billion in the first half of its fiscal year and could end up with its first annual loss in at least 30 years, before the 122 year old company released its first NES game console. The news shocked the game industry as a whole. While Microsoft and Sony have had years when their games division had lost money for their parent companies, that was never the case for Nintendo.
(...)