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Gizmondo Future Looks Bleak 27

Posted by Zonk
from the playing-taps dept.
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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Gizmondo Future Looks Bleak

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  • I live in the US so I wouldn't know but I know it isn't exactly advertised here.
    • It's a UK company, so I would guess they are trying to capture at least some of the market....
    • 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.
  • by VGPowerlord (621254) on Wednesday January 18, 2006 @06:36PM (#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?
  • General Rule (Score:1, Interesting)

    by Anonymous Coward
    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 wheth
    • 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.)
  • 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
  • by Eightyford (893696) on Wednesday January 18, 2006 @06:42PM (#14504732) Homepage
    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...
    • This is a different Tiger Electronics.
      • 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.
  • 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.
  • 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?
    • 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!!
  • 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.
  • 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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