Nintendo’s bank account currently sat on £6.7 billion
Whilst it’s true that Nintendo’s financial performance of late has been less than desirable, it is easy to forget just how much of a comfortable position their success has been able to leave them in.
Nintendo currently has £6.7 ($10.5) billion in their bank account and, even if they were to make huge losses each year, is enough to ensure that they would be able to survive at their current rate of expense for the next forty years.
So, despite Wii sales slowing and the Nintendo 3DS requiring a price cut to stimulate its position at retail, the company still has enough money to invest to ensure that, even in the most dire of circumstances, would allow them to turn around their fortunes.
“Buried in reams of financial data is the revelation that Nintendo have 812.8 billion Yen (£6.7/$10.5 billion) in the bank – enough for it to take a 20 billion Yen loss (£163/$257 million) every year until 2052”, Nintendo Gamer share within their most recent issue, Games Radar reports. “Then there’s almost 469 billion Yen (£3.8/$6.0 billion) held in premises, equipment and investments. When that runs out – we’re in the year 2075 by this point – they’ve got some of the most valuable intellectual property in gaming to sell off before the company goes out of business”.