Namco Bandai are blaming Nintendo's Wii for damaging the increasingly declining arcade industry.
It seems that the Wii's "arcade-like" experience at home is one of the contributing factors to the decline of the Arcade industry. Namco Bandai has announced that 50 to 60 of its arcades will have to shut down with a downward revision to its earnings outlook.
"A lot of the types of games that people played at an arcade can now be done at home"
Yuji Machida - Namco Badai
Machida stated that money had shifted from being spent in arcades to buying similar games to play in the home; for most a better long-term investment. He added that the increase in oil prices had affected the industry, with Japanese folk spending less time at shopping malls where arcades are mainly located.
Namco Bandai cut its full-year net profit forecast by 38 percent to 16.5 billion yen ($155 million).
Thanks to Next-Gen.biz
Sign In
By
33663
Read and post comments
Share this article
Jorge is Cubed3's founder, designer and news bunny. Born and raised on the SEGA Mega Drive, he played Super Mario 64 and instantly fell in love with the world of Nintendo.
@jbcubed3



mOojc 

jb
Subscribe to this topic
Latest Nintendo Wii U, 3DS News & Features - Follow Cubed3
Nintendo Features
Nintendo Forum
Nintendo Games
Reader Content




Nintendo Poll
This week's top member is
Online Nintendo Play & Chat

Back to top

