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Gizmondo Future Looks Bleak

Posted by Zonk on 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."

5 of 27 comments (clear)

  1. It's all about the numbers by VGPowerlord · · Score: 2, Insightful

    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?

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    1. Re:It's all about the numbers by bateleur · · Score: 2, Informative

      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.

  2. Tiger Electronics... by Eightyford · · Score: 2, Funny

    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...

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    1. Re:Tiger Electronics... by -kertrats- · · Score: 2, Informative

      This is a different Tiger Electronics.

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      The Braying and Neighing of Barnyard Animals Follows.
  3. The GP2X beats out the Giz hands down anyway. by Jurrasic · · Score: 2, Insightful

    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.

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