I talked to my old college econ professor this morning and asked their opinion of Mario Kart World costing $20 USD more than Mario Kart 8 Deluxe when it launched on Switch.
His response:
"Well, there are multiple factors that go into pricing Nintendo will likely never talk too detailed about publicly, because it's just how finances work at a business. So, the Japanese Yen has depreciated against the US dollar. This is bad news for any Japanese company who's primary territory is the United States, because any money made here will not covert well into Yen. Thus, that alone means they factually make less money on anything sold in the US, than they do with something sold in Japan - or other more favorable countries. So now, that is a reality that didn't exist in 2017.
Now you have to consider the United States economy on top. $59.99 was what Mario Kart 8 Deluxe cost in 2017. Inflation alone, no other factors, makes that $78 today. You see that $79.99 price point and it looks expensive, but inflation alone it's merely keeping pace. Despite this, due to how bad the Yen does in exchange for USD, Nintendo is factually making LESS money profit wise per copy sold of Mario Kart World even at that $80 price point, than they were at the $60 price point in 2017. So while this looks bad for consumers, Nintendo is actually taking a hit even at that price.
This is also likely why prices are so high in other countries too. The Yen isn't really performing well against anything at this time.
So if you ask me if Nintendo is overcharging for Mario Kart World, the answer is absolutely not. It's actually a slight undercharge. The game industry has been volatile for years and while some of it is overspending, the other aspect is that companies are making way less actual profits per game sold because money just isn't worth the same.
Everything has become more expensive. It is a tough pill to swallow, but video game consoles are a luxory item. Luxory items are often hit harder than essential items. The fact Nintendo - and eventually PlayStation and Xbox - haven't passed all of this entirely onto the consumer has mostly been a great thing for the consumer, even if it's been bad for the video game makers.
So overall? Shocked it wasn't higher. But Nintendo can't ignore these factors or it would cause extreme damage to the companies profit margins, which could, even if selling well, lead to layoffs and closures of studios. They may sell less copies of games this generation, and it may happen anyways. But they are banking on people really wanting to keep Nintendo in their lives. Time will tell if it works out. There is no right or wrong approach here. Every company is trying to navigate the world's economy right now."
@DinhKhangPham What would you play in place of the Sisu? What's your match up with emerald steel like? Testing sisu on Ice has not been going well so your list is very intriguing!
On this date 5 years ago... the Toronto Raptors defeated the Golden State Warriors in Game 6 of the 2019 NBA Finals for their first NBA championship in franchise history. 🇨🇦🏆
Where were you on this historic day? ⤵️
(🎥: @espn)
Say hello to the next generational basketball prospect: Mohamed Daboné, who is draft-eligible in 2031.
Only 12-years-old, Daboné is already 6’10” playing up in competition against U18 level.
Developing in FC Barcelona’s program, Daboné is on a Victor Wembanyama-type trajectory.
"You woman out there, y'all petty, man... Y'all should be thanking [Caitlin Clark] for getting y'all a*s private charters. All the money and visibility she's bringing to the WNBA."
Charles Barkley says WNBA players need to give Caitlin her flowers 💐
NEW: University of Massachusetts Dartmouth speaker Robert Hale Jr. gives out $1000 each to 1,200 students during their graduation.
The billionaire handed out $1.2 million in total to the graduates as they crossed the stage to get their degrees.
Here's the catch. The students were given two envelopes. Each had $500.
One envelope had $500 as a gift to the students and the other had $500 for them to give to "someone in need or a charity or cause close to them."
"The greatest joys we've had in our life have been the gift of giving..."
"These trying times have heightened the need for sharing, caring, and giving. Our community needs you and your generosity more than ever."
Hale is the founder of Granite Telecommunications based in Quincy.
@psamms They made a terrible trade for Lillard (stats guy, not a winner) and then doubled down and fired Griffin despite an excellent record and replaced him with Doc (fraud). This was inevitable