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Gizmondo delayed by recession

Gizmondo delayed by recession

The current economic climate has apparently delayed the relaunch of the Gizmondo.

The relaunch of the Gizmondo handheld gaming platform has been delayed by company head Carl Freer because of adverse economic conditions apparently.

The Gizmondo originally launched back in 2005 but the company was forced to bankruptcy by poor sales and an association with organised crime through certain members of the company. After the release of Stefan Ericksson from jail in early 2008 though the company was rapidly relaunched.

The credit crunch however has impacted on that relaunch and prevented the Gizmondo from hitting a Q4 2008 launch deadline.

"Unfortunately, we've had to reschedule the launch of Gizmondo. It's due to the economic climate in the US, as well as in the rest of the world. It has affected us in our ability to fund and get funded in regards to the manufacturing of components," Carl Freer told The Nordic Link.

"We've had some very, very touch and go moments here for three months. It has affected everyone. I was at one point thinking of abandoning the whole project, because I didn't see a way out of it; a way to fund it.

"I don't have half a billion dollars or 300 million dollars. You can only try and do your best," he said.

The company apparently ran into problems with manufacturers too, prompting Freer to rethink the entire design. The Gizmondo will now apparently relaunch as an open platformed, 3D enabled smartphone - but we'll believe it when we see it.

"If you look at gaming devices today, they consist mainly of the Sony PSP and the Nintendo DS. There are a few other renegades, the Game Park and so on, but what we are talking about is creating a fully wireless Pocket PC, one that also has a gaming engine," added Freer.

Are you interested in the Gizmondo, or are you satisfied with youur DS? Let us know in the forums.

10 Comments

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Neoki 23rd December 2008, 13:25 Quote
Ugly looking thing any way:(
whisperwolf 23rd December 2008, 13:31 Quote
Also delayed due to shortage of "oil de Serpent"
_DTM2000_ 23rd December 2008, 14:37 Quote
Does anyone actually want this to get released? Does anyone really care?
I think he should save his money. It's so unlikely to be a success.
It's not even innovative or interesting.

I forget the name of the other open handheld gaming device that gets mentioned on here sometimes, but that actually looks quite good. This Gizmondo thing is just doomed to failure.
Kode 23rd December 2008, 15:58 Quote
DTM2000: you probably mean the Pandora
DXR_13KE 23rd December 2008, 18:15 Quote
Veles 23rd December 2008, 18:15 Quote
Sometimes I think 2 handheld platforms are too many.
[PUNK] crompers 23rd December 2008, 18:42 Quote
if he where to go on dragons den peter jones would definately shoot him down "give it up, dont put anymore money into this - im telling you this because i like you"
DriftCarl 24th December 2008, 08:46 Quote
its probably not even his money.
I guess he is taking a nice wage from stupid investors, when it all goes wrong as it will eventually, he will come out of it without any personal impact and probably has enough cash built up to live without working untill he finds more stupid investors to give him money to do something else that wont work.
Sparrowhawk 24th December 2008, 22:07 Quote
Why bother. By the time this thing comes out, you could probably get a GP32, a Pandora, or even a Netbook with better performance.
boiled_elephant 31st December 2008, 00:22 Quote
I was under the impression that the DS had already more or less won the handheld 'war' (more like the gaming equivalent of the Chinese invasion of Tibet in terms of fair competition.) With consoles getting cheaper and cheaper and more mainstream, and phones blurring every line they can touch, handheld consoles are looking very endangered all over, I reckon.
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