While the rest of Japan was still celebrating Tokyo’s 2020 Olympics victory, today was a grim day at the Kyoto headquarters of Nintendo (7974:JP). Investors had hoped the maker of video game consoles would win membership in Japan’s benchmark stock index, following the merger of the Osaka exchange (where Nintendo had been traded) with the larger Tokyo exchange. Nikkei Inc., keeper of the Nikkei 225, dashed those hopes Friday by announcing that Nintendo hadn’t made the cut. “This expectation has come to nothing,” wrote Takao Suzuki, an analyst at BNP Paribas. “This appears to be the right time to sell.”
Investors agreed. Within 90 minutes of today’s opening bell, Nintendo was down more than 7 percent. As the day wore on, things just got worse. By the end of trading, Nintendo shares had lost 8.4 percent of their value.
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."
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?"
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 ☝️
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.
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?
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.
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."
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.
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.
Things aren't looking so good for Nintendo.
Some of the best companies were in the black right before they went under.
this is more of the same end of the world dealings...just look at what's happening with Apple stock...
Doomsday is coming any day now...
I love Nintendo.
but they have needed a kick in the ass since the original Wii.
hopefully Nintendo places new people in charge, to get gamers back into wanting a Nintendo.
Look up how Business is done in Japan.
Its one of the worst places to work for someone who is young and ambitious. You will be spending a lot of time bending over both ways. great place to travel and see the sights but horrible place to work. look at Olympus for an example.