Gizmondo Future Looks Bleak

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."

Comments

It's all about the numbers

[VGPowerlord]

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?

The GP2X beats out the Giz hands down anyway.

[Jurrasic]

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.