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Gizmondo Future Looks Bleak

Zonk posted more than 8 years ago | from the playing-taps dept.

Businesses 27

Gamespot reports that the company behind the Gizmondo handheld console, Tiger, is looking at some tough financial numbers. Mostly, it seems, brought on by poor sales of the console. From the article: "Gizmondo Europe subsidiary has experienced severe financial pressures from various vendors as its cash flow has been unable to service the requirements. This has in part been aggravated by a lack of investor funding. The company has been actively negotiating for further funds from debt and equity sources to assist the cash flow needs of Gizmondo Europe but there can be no assurances that this will be achieved."

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Is it advertised in europe? (1)

Traiklin (901982) | more than 8 years ago | (#14504681)

I live in the US so I wouldn't know but I know it isn't exactly advertised here.

Re:Is it advertised in europe? (1)

antifoidulus (807088) | more than 8 years ago | (#14507513)

It's a UK company, so I would guess they are trying to capture at least some of the market....

Re:Is it advertised in europe? (1)

InsaneLampshade (890845) | more than 8 years ago | (#14508017)

I live in the UK, and i've never seen it advertised. Unless crap reviews in gaming magazine's counts as "advertising"?

Altough, i did walk past the Gizmondo shop in Regents Street in London a few weeks back..... i noticed rather a lot of staff standing around doing nothing... pleanty of people walking past outside the shop, no-one actually inside.

It's all about the numbers (2, Insightful)

VGPowerlord (621254) | more than 8 years ago | (#14504688)

For the first time in over a decade, there's not just one, not even just two, but three (GBA, DS, PSP) popular handhelds already on the market, so Tiger chose then to enter? What were they thinking?

Re:It's all about the numbers (1)

oahazmatt (868057) | more than 8 years ago | (#14504736)

"What were they thinking?"

Probably something along the lines of "What the hell, I'm getting fired at the end of the month, anyway."

Re:It's all about the numbers (2, Informative)

bateleur (814657) | more than 8 years ago | (#14504992)

Thing is, Gizmondo used to be something rather different. The original idea as I understand it was to use GPS to enable parents to track their kids. They only wanted to make the thing enough of a games device that the kids wouldn't ditch it (!). The thing's been pending for so long that DS and PSP probably weren't on their radar when the original project was (ill-)conceived.

Re:It's all about the numbers (1)

Ekarderif (941116) | more than 8 years ago | (#14505679)

You forgot the N-Gage. Oh wait...

Re:It's all about the numbers (1)

British (51765) | more than 8 years ago | (#14508851)

Perhaps they figured they could beat the PSP since, well, it's pricey as all hell and there were the constant firmware wars aginst the developers/hackers.

penis fingers (0)

Anonymous Coward | more than 8 years ago | (#14504711)

You don't need to be a Kreskin to predict Gizmondo's future. The hand writing is on the wall: Gizmondo faces a bleak future.

This is the first I have even heard of this product. How can it possibly be dying already?

Re:penis fingers (1)

Kesch (943326) | more than 8 years ago | (#14504887)

I hadn't heard of this either. If someone walked up to me and asked me if I had seen the Gizmondo they had in their pants, the thought "Portable Console" would not pop into my head.

General Rule (1, Interesting)

Anonymous Coward | more than 8 years ago | (#14504726)

As a general rule, Don't enter the console market with the assumption of making money off of licencing fees!

How many companies have tried and maintained long term success? Nintendo and Sony (Sega and Atari could be considered, but their current state in the game market says a lot). Whether you like it or not, you have to admit that the Gamecube is a technical marvel in how much power it packs for the cost, and the brand recognition Nintendo has produced (everyone knows what a Gamecube is regardless of whether they know anything about videogames); yet, although being very profitable, was not very successful in mass market terms.

No market newcomer can produce the technical quality of product, at the price point, with the quality of exclusive game, that Nintendo can. The simple fact is that if you're considering entering the market you are going to loose; Microsoft survived by loosing $200 per system sold, and still are having difficulties.

TapWave (1)

metamatic (202216) | more than 8 years ago | (#14505214)

Just look at what happened to TapWave. They had a handheld based on an established platform, with a library of games already available... but they added crippling DRM and locked down the system so you couldn't use its advanced features without code signed for a fee. Potential developers stayed away.

(I bought one. It's a nice multimedia-capable Palm device. Never bought any DRMed games, though.)

The Mafia won't be pleased... (1)

Kazzahdrane (882423) | more than 8 years ago | (#14504731)

Former Gizmondo exec Stefan Eriksson had links to the mafia (http://www.gamesindustry.biz/content_page.php?aid =12547 [gamesindustry.biz] ) - and he wasn't the only one - so I for one am glad to see the handheld fail

Also because y'know, it's a bit shit and the handheld market is pretty full already

Re:The Mafia won't be pleased... (0)

Anonymous Coward | more than 8 years ago | (#14506573)

I for one welcome our...

oh nevermind

Tiger Electronics... (2, Funny)

Eightyford (893696) | more than 8 years ago | (#14504732)

Wll maybe more people would buy them if they didn't get Tiger handheld games for xmas from uninformed parents when they were growing up. Man did those games ever blow chunks...

Re:Tiger Electronics... (2, Informative)

-kertrats- (718219) | more than 8 years ago | (#14505574)

This is a different Tiger Electronics.

Re:Tiger Electronics... (1)

Cutriss (262920) | more than 8 years ago | (#14509468)

No, this isn't Tiger Electronics at all - it's Tiger Telematics.

And they brought it on themselves allowing that association to take place. Tiger Electronics *did* make a handheld several years back called the Game.com, and it was awful. Horrible. Terrible. A few quick searches on the Internet demonstrate that a lot of people *did* think that this was the same Tiger, and blew off the Gizmondo for that reason alone.

In other news... (0)

Anonymous Coward | more than 8 years ago | (#14504892)

Sky is blue, water is wet. These stories and more at 11:00.

seriously, who believed that the gizmondo would be a success?

Re:In other news... (0)

Anonymous Coward | more than 8 years ago | (#14505354)

same people who need a whole paragraph to say "they're broke"?

The GP2X beats out the Giz hands down anyway. (2, Insightful)

Jurrasic (940901) | more than 8 years ago | (#14505902)

And if you are a /.'er who is unaware of this linux-based handheld media/gameplayer (emulators for near every machine ever emulated under linux up to and including the PSX are either fully emulated or in progress) you need to have your geek license revoked. 10k units already sold on pre-release. :) The Giz was doomed to failure by trying to emulate Sony instead of trying to carve their own niche ala Gamepark.

Re:The GP2X beats out the Giz hands down anyway. (1)

ShawnDoc (572959) | more than 8 years ago | (#14511507)

I've been thinking about buying one, but was scared off by all the complaints about the poor joystick control. Apparently the microswitches are set up in such a way that it is very hard to send a straight up/down/left/right signal, instead favoring diagnal input.

Re:The GP2X beats out the Giz hands down anyway. (0)

Anonymous Coward | more than 8 years ago | (#14513024)

It's not so bad; it can be a little troublesome; I know in my emu I've just added some biasing and it seems to solve most of the issues..

ie: Its a 16way joystick -- 8 switches instead of 4. The 4 diagonal switches are a little easier to hit.. so instead of just left you often get left+leftup say.

So we're biasing a bit now... left = any-left (left, left+leftup, left+leftdown), while a leftup only == left-and-up.

That seems to clear up a lot of issues, though not perfect.

jeff

Re:The GP2X beats out the Giz hands down anyway. (1)

mindstorms (788968) | more than 8 years ago | (#14516603)

Don't be scared by the Joystick, from a users perspective, it works fine. It took a few days to get used to the joystick, but it works fine when you get used to it, and makes other joysticks seem loose.

Noooooooo! (1)

mister_slim (537501) | more than 8 years ago | (#14506337)

They need to pull their act together enough to release it in the US. How else am I going to pick one up for $20 when they go out of business?

Re:Noooooooo! (1)

The-Bavis (855107) | more than 8 years ago | (#14508622)

I think it is released in the US. Saw it over in a kiosk at Galleria in Dallas. It was the big kiosk with no customers.... at Chrismas-time!!

They had such a nice booth at E3 too. (1)

LuckyPossum (900219) | more than 8 years ago | (#14507478)

Except they gave out a backpack with a small shirt in it. At least 80% of people are probably a medium or above. It also had a bit of a "me too!" feel to it. Hip-hop blaring out of the speakers.

Outlook Not So Good. (1)

thelonestranger (915343) | more than 8 years ago | (#14508147)

Woooo! Didn't see that one coming. Seriously that thing was dead in the water before it was even launched. Someone put a bullet in it and put it out of its misery.
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