170°

Nintendo Falls Most Since May After Wii U Price Cut: Tokyo Mover

Nintendo Co. (7974) fell the most since May after the company cut the price of its Wii U video-game console by $50 as it attempts to boost sales in the months before competing machines are released.

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bloomberg.com
jameson123453889d ago

Eh, the stock market can be weird a lot of the time.

jameson123453889d ago

This makes me think about what happened when the Xox one was announced.

jameson123453889d ago

Ugh, I misspelled Xbox....

SilentNegotiator3889d ago (Edited 3889d ago )

Yeah, sometimes investors lose confidence when you send them mixed messages; weird. 'No need for a price drop', less than a month later you make that drop.

You either prove that you have a winning strategy plan (or at least make it look convincing), or lose people.

R00bot3889d ago

I think the price drop was Nintendo's way of trying to keep the Wii U in stores, since many stores were already selling them at a way lower price than the recommended one, and the retailers were taking a loss with every console they sold.

This way the retailers get to keep the console at that price (or close enough to it) without taking a loss on the console.

Before this, the retailers were the ones taking the loss on the consoles, not Nintendo. Now the retailers wont feel the need to stop selling it because they're still making money from it.

It's confusing, but it makes sense. Retailers were already dropping the console because of the sales (and they were losing money for every sale).

3-4-53889d ago

That is the thing. These investors don't know a damn thing about video games, so they rely on "inside" knowledge which is basically some person advising them when to input and pull their money.

It's stupid really.

A bunch of idiots who don't know anything about anything, but they possess all the money to make anything happen.

Nintendo's stock will rise again once these games are released.

I would buy Nintendo stock now, because once 3D world ships, and Mario Kart, and Legend of Zelda, & Super Smash Brothers gits, + Pokemon, their stock is going to rise a lot!

SilentNegotiator3889d ago (Edited 3889d ago )

Wii U production costs didn't likely dive $50 in less than a year, so they're likely losing more money.

Nintendo told investors that they had "no plans" to cut price about two months ago, told us there was no need for a price drop weeks ago because their games are just so awesome, and now the Wii U's price is cut less than a year after launch.

Oh yeah, investors need INTIMATE knowledge about vidya gaems to know that things are just swell with Nintendo.

btw, you don't seem to know what "inside knowledge" is when it comes to investing. Try googling it and don't ever invest based on it unless you like prison.

"I would buy Nintendo stock now, because once 3D world ships, and Mario Kart, and Legend of Zelda, & Super Smash Brothers gits, + Pokemon, their stock is going to rise a lot!"

I would reconsider that statement if I were you, after looking into stock data from the Gamecube era.

Shnazzyone3889d ago

I'm more thinking it was the launch of the 2ds more than the wii U price drop.

+ Show (1) more replyLast reply 3889d ago
solidworm3889d ago

Nintendos only hope is MS spinning off the XBOX division and getting out of the console business, otherwise they are fighting for a lowly 2nd place this gen.

SpecialSauce3889d ago

hah! get real. they will be third to first the ps4 and THEN the xbox. quit playin like Sony isn't @*#$ing MS so hard right now

solidworm3889d ago

Keep smokin that shit brah, it gives you a lovely glow even though it is addling your mind:}

DestinyHeroDoomlord3888d ago

Wow you must be pretty hardcore, please tell me more. ..

SpecialSauce3888d ago

yeah whatevs, i got more agrees :] thats because more people like playstation which shows more people will buy it which shows xbox sucks. Sony 1ST as always @solidworm

DarkHeroZX3889d ago

lol if pre order data is any indicator then yes PS4 is kicking ass. the X1 is even beint outpaced in the US by the PS4. WW PS4 is shit stomping MS.

R00bot3889d ago

I actually expect the Wii U to outsell the Xbox One at launch.

PS4 will probably be in the lead, but who knows, Mario Kart and Smash Bros. will be coming out and that could upset the balance.

RicardJulianti3888d ago

Even with the high demand, I just don't see the PS4 catching up to the Wii U this year....maybe not even until after March.

If you meant this holiday season...then yeah I can see that, but there's no way they are getting almost 4m consoles out and sold before the holidays are done. The Wii was stupid cheap to produce, was sold out from Day 1 and it only managed like....3m something by the end of December.

And really.....it doesn't really matter who "wins" a generation. It's not like there's some trophy they get or anything like that. Nintendo will profit on the Wii U regardless of what place they are in...just like they did with the Gamecube.

Gamers win console wars, not companies.

SilentNegotiator3889d ago (Edited 3889d ago )

That's what happens when you tell the public that your product doesn't need a price drop to sell and then drop it a few weeks later; investors hate mixed messages.

CouldHaveYelledUiiW3889d ago

I love Nintendo-
But you are exactly correct.
(“Intelligent” Vote to You)

The Stock Market right now because of the rumors of war in Syria,
they freak-out when a Government think of knew commerce laws,
and they freak-out when a CEO even whispers thinking about retiring-

So yes,
The price drop gave the impression of weakness to the cautious (sometimes overly cautious) investors.

TruthbeTold3889d ago (Edited 3889d ago )

All of the investors who are consumed with short term gains at any cost need to F off anyway.

SpiralTear3889d ago

I find it sad that many of the people who are shaping the gaming money market are people who do not understand or even play video games.

R00bot3889d ago

Yes, if they understood that Mario Kart Smash Bros., X, Mario 3D World, DKC: TF, and that Yarn Yoshi game were right around the corner they'd know that those games would boost the console's sales exponentially, then they'd actually realise that now is the best time to buy stocks in Nintendo.

Show all comments (23)
80°

Nintendo's Massacre Of The 3DS And Wii U Is Finally Complete, Regrettably

Hanzala from eXputer: "The cruel hammer of Nintendo has fallen. Farewell, 3DS and Wii U, you surely brightened my life and many others; you won't be forgotten."

280°

Xbox's Preservation Step Sets A Much-Needed Example, Especially For Nintendo

Hanzla from eXputer inquires: "If Xbox can care about preserving its games and legacy, what exactly is wrong with Nintendo, trying to kill game preservation single-handedly?"

purple10110d ago

Ahh yes the good old game preservation of saving all your games to a removable hhd on the Xbox 360, taking it round your mates house, setting up multiple tvs to
Be met with “save data corrupted, please re download”

Or how about removing 360 games
From the store
, download them now or else, and, better hope to god that save data doesn’t corrupt, or it’s lost for ever

Nice one ☝️

Zeref9d ago

It's better than what Nintendo and Playstation is doing. It might not be perfect but at least they are TRYING. Unlike the others.

DarXyde9d ago

Trying? Take off the blinders for a moment, mate.

1. A failure to preserve games is just that: a failure to preserve games. Don't try to sugarcoat it: NO ONE is doing it properly. Better than awful is nothing to write home about.

2. At the time of this comment, isn't it the case that you need an internet connection to play Xbox games even if you buy physical discs that are hardly in circulation anymore? I don't have a Series X and I can't verify, but I think that is correct. I'm fairly certain you can at least play PS5 games at version 1.0 (not much of a win really when many games require day one patches). I think Microsoft's all digital, licensing approach is by far more aggressive than anyone else's. They really try to push you to game pass where you lose your entire library by umm.... Skipping a month of payments.

I don't think anyone is doing it right whatsoever. Don't get me started on Nintendo, who goes after anyone looking to preserve their games better than they ever would with extreme litigation.

Don't be a simp for any of these companies. Get it together.

PhillyDonJawn9d ago (Edited 9d ago )

@DarX never speak on Xbox again. You lost all credibility with your internet connection comment. Smh you have 0 clue and misinformed yet speaking on something you don't no squat about.

Einhander19729d ago

What has Sony done exactly? You guys keep deflecting to Sony but I am not actually seeing any results, and ai am certain nothing that you can come up with even comes close to what Microsoft has done and what they have tried and failed to do, like tie all your disks to your account on xbone.

Microsoft removed their whole indie section when they moved to the xbone because they were going to only allow games on the service that came from a publisher, id@xbox started after xbone launched and it only exists because Sony embraced indie and Microsoft was forced to cancel their plans and reverse course.

And every single game that was part of games for windows live including disk games (I have gta 4 on disk that won't work) so hundreds of games that use that DRM no longer work unless the company themselves patched it out which of course very few did.

MrBaskerville9d ago

Not trying. Tried. they killed of the backcomp program years ago. They set something up again, but sounds like it's more of an attempt to save the current library on whatever they are planning next. With luck they save everything and more, but let's see. I could see them killing off parts of the OG xbox and 360 libraries. Can't imagine that they would allow us to play Forza 5-7 in the future.

With that said, I do like what they've done and really wish they could have done more.

shinoff21839d ago

Zeref

So killing off physical media is trying what exactly. Ms don't really give a fk if you think they do your kidding yourself.

Profchaos9d ago

They are not trying this team is established for forward compatability the team is. It interested in preserving Xbox or 360 games.

+ Show (3) more repliesLast reply 9d ago
isarai10d ago

Is that why Hellblade 2 is digital only?

Zeref9d ago

Just because it's digital only doesn't mean you can't preserve it. Just put it on an external and you have the exact same functionality of what a disc does.

MrNinosan9d ago

Guess you're trolling, but if you actually think that's how it works, I'd recommend buying some braincells.

mkis0078d ago (Edited 8d ago )

Volitile vs nonvolitile data. A disc will not corrupt either. A drive can be corrupted.

Einhander197210d ago

This is just a scammy PR move to distract from the fact they are going digital only and trying to push streaming and subscriptions only.

No gaming company has pushed harder to remove ownership than Microsoft.

Without discs there is no preservation, preservation can't be done by the rights holders it can only be done by the consumers, anything else is a lie.

10d ago Replies(3)
Einhander197210d ago

Anyone remember xblig which Microsoft removed their whole 360 indie section removing hundreds of games from people?

10d ago
10d ago
Zeref9d ago

Do you know you can put your games on an external and preserve them that way? There are no benefits to discs. ZERO. Idk why some of you are still obsessed with them.

DarXyde9d ago

Because games like Persona 5 exist. It's STILL V1.00. On Playstation, that's a win because 1.00 is installed on the disc—no need to download anything.

If a game does not require any updates, it's all on the disc.

Extremely low bar in the modern era, of course. It's not much of a win by any stretch.

But for now, physical media does have a purpose, at least on Playstation.

Einhander19729d ago

That is factually not how game licensing works, try plugging your hard drive into someone else xbox, It's not going to work, and it won't work if the licensing servers ever go down.

Einhander19729d ago

Anyone remember games for windows live.

I have around a dozen games, some on Steam itself that will not work because Microsoft shut off the licensing servers.

BehindTheRows9d ago (Edited 9d ago )

I do. I STILL have games (Gears of War being the big one) I cannot access because Games for Windows LIVE is total garbage and no one has held Microsoft accountable.

Zeref9d ago (Edited 9d ago )

You don't have an Xbox apparently. Because you can 100 percent plug in your external and play games from it on any Xbox console lol. You just have to be logged in to prove ownership.

Chevalier9d ago

"You don't have an Xbox apparently. Because you can 100 percent plug in your external and play games from it on any Xbox console lol. You just have to be logged in to prove ownership."

Damn how many times do people got to explain your idiocy to you? You can take a copy of Persona 5 like someone used as an example and play that game on ANY console WITHOUT logging in which means I can lend the game to a friend without internet and they can play my game. Can you lend your hard drive to anyone without logging in for them to play? NOPE. That is a huge difference and if you think otherwise then sorry you're an idiot.

Tacoboto9d ago

"No gaming company has pushed harder to remove ownership than Microsoft."

Ubisoft is literally erasing games people bought from their libraries... My PS1-3 discs are useless on modern hardware. Nintendo's re-published and resold almost their entire Wii U library, and the eShop is completely dead with no BC mechanism in the Switch software. Microsoft publishes everything they make today day one on Steam and Xbox/Windows. Sony only brings to PC the titles they think you might want some years later and Nintendo won't even design a functional long-lasting joystick.

You're absolutely trolling and not serious if you think Microsoft today is the worst offender.

shinoff21839d ago

Yay steam

Not everyone fks with computers though. The disc is still the best way as a console player. Period.

Tacoboto9d ago

How do Sony and Nintendo feel about these discs from 2001-2013?

Don't be stupid, you know Xbox is the best at this today.

+ Show (3) more repliesLast reply 9d ago
Hofstaderman9d ago

Nobody wants this. Sales or the lack of it in the case of XBOX is very telling. I wonder how the adorably all digital series X will fare. Adorably dismal perhaps?

crazyCoconuts9d ago

Only time will tell, but for from someone like me suspecting that Xbox is trying to gracefully exit the console market, that "forward compatibility" team is trying to get Xbox games playing on Windows PCs. I mean, it's nice that they're not planning on exiting with a "enjoy your games while the hardware still works" message, so that's nice. They still have a brand to protect via Microsoft so probably feel obligated to have a better exit strategy.

Xeofate9d ago (Edited 9d ago )

That is not their plan, their plan is to transfer users accounts to the cloud.

Phil Spencer himself said as much a few months back, plans could have changed but I think people are reading way too much into one statement where Phil said he would allow Epic on xbox because he wants to be able to sell xbox games directly on other platforms. Aka, instead of selling Sea of Thives through PSN he wants to have an xbox store to sell his games on PlayStation without giving PlayStation any money.

Again, it's extremely unlikely that Phil plans to put PC on xbox and licensing would prevent them from just giving out other publishers games purchased on xbox copies of thier games on PC, Microsoft does not own their games.

crazyCoconuts8d ago

The thing that doesn't align with the cloud strategy is the giving up on exclusives. You'd still need strong exclusives for cloud streaming - it's still a "platform" , just with a lower upfront hardware investment. I feel like they've learned what PS learned with PSNow long ago. We're not ready to stream games and it's only gonna lose them money to try at this point

FinalFantasyFanatic9d ago

I would love that, I'd buy up some of the Xbox games if they could run on PC, like the Rare Replay, Lost Odyssey and Dead or Alive Ultimate, probably a pipe dream though.

Show all comments (43)
90°

Nintendo's War Against Player-Made Content Will Hurt The Company In The End

Danish from eXputer: "Nintendo has historically gone against player-made content and emulation of its games. This has done much to harm the company's image."

XiNatsuDragnel16d ago

I agree nintendo hire some these folks to help in your games it'll help imo.

banger8815d ago

They need to stop announcing these mods and fan remakes until they're finished. Finish it, upload it, and then if Nintendo dmca's it tough shit. Once it's online, people can share it around, even if the original download gets taken down.

Jingsing15d ago

True, but most modders need constant admiration during the process to motivate them.

PRIMORDUS15d ago

Yup, once it's a torrent nothing can be done Nintendo is helpless at that point. But it would be wise if they just had a site on the dark web, it's also easy to use with Tor and no one will bother you.

mastershredder15d ago

This is all coming from the mouth of short-sighted fandom and grifting madness.
No.... it wont. There is a clear defined reason why they don't. This is nothing new. Make your own shi7 from your own original ideas especially if you are trying to capitalize of it it. Duh.

Yeah, hire people that have zero respect or understanding for an established process. Wow. Yep. Totally makes sense.

shinoff218315d ago

Those guys that made that sonic game got a gig from sega or something along those lines and that game was dope as hell. One of the best sonics as of late.