160°
Submitted by Chrono 221d ago | news

Nintendo Slumps After Stock Excluded From Nikkei 225

Nintendo, the world’s largest maker of video games, fell the most in more than two years as CLSA Asia-Pacific Markets cut the stock to sell after the company wasn’t added to the Nikkei 225 Stock Average. The shares fell 8.4 percent to 10,860 yen as of the close of trade in Tokyo, the biggest drop since July 2011.

Nintendo last month cut the price of its Wii U video-game console in the U.S., ahead of new machines from Sony Corp. and Microsoft Corp., amid stalling sales and delays to new software titles. President Satoru Iwata took the helm of U.S. operations to drive growth as combined sales for its hardware totaled 1.8 million units in the quarter ended June, down from 3.1 million units a year earlier, as customers migrate to mobile devices for playing online games.

“The early signs of key first-party software inducing a major turnaround in Wii U console fundamentals are not promising, and the outlook for third-party support is grim,” Jay Defibaugh, an analyst at CLSA in Tokyo, said in a report in which he cut the stock to sell from buy. “The value of iconic Nintendo franchises may be declining as younger generations discover gaming through mobile devices.” (3DS, Industry, Nintendo, Wii U)

bullymangLer   221d ago | Trolling | show | Replies(4)
LetoAtreides82  +   221d ago
Time for Nintendo to dump the Wii U and focus on releasing games on the PS3, PS4, Xbox 360, and Xbone. They can keep their handheld business.
JuleyJules  +   221d ago
Keep dreaming that will ever happen. Nintendo will not be publishing games for any other systems than their own.
Jdoki  +   221d ago
Same thing was said about Sega...
Gamingsince75   221d ago | Spam
Jdoki  +   221d ago
I'm sure Sega were thinking the same after the Mastersystem and Genesis.

Atari probably thought the same before they threw it all away.

Don't get me wrong, I'm a big Nintendo fan, and have had a N64, GameCube and Wii on Day 1 - but the quality of their output has declined in recent years and they seem to be floundering. The handheld business will not prop them up long term if the problems in their console business continue in to their next-gen.

The Wii won on being a disruptive technology, the WiiU isn't doing well. Their balance sheet is reflecting this with their first operating loss. March 2014 will be a key date as they release their financial report - Iwata has laid it on the line that they will be back to serious profitability.
scissor_runner  +   221d ago
Sony is closer to sega than Nintendo.
Sony and sega believed in story gaming.
they both spread themselves too thin,
they both used very awkward tech that was expensive.
They both have franchise that dont sell like Nintendo franchise.
Luckly ms has halo.
they both posted huge loses across different market s.
sony also see them selves as cool just like sega did... cool doesnt go far unless you really are.

so when I can get god of war on the wiiu things will be right lol.
jcnba28  +   221d ago
By that logic then shouldn't sony leave the handheld market and release their games on 3DS?
Minato-Namikaze  +   221d ago
Sony doing consoles and Nintendo doing handhelds under the same umbrella....... Sign me up for that. But after the vita, I need my cross play.
LOL_WUT  +   221d ago
Agreed Sony should stick to consoles and Nintendo should go the handheld only route. It'll benefit them greatly in the long run. ;)
tehpees3  +   221d ago
No. The demand is not there for Nintendo games on PS3, PS4, 360 and Xbone. Why?

People know where to get Nintendo games if they want them.
Shad0wRunner  +   221d ago
Yeah...from torrent sites. LOL
PopRocks359  +   221d ago
You heard it right here from N4G's very own Shad0wRunner, folks! Piracy! It's the COOL thing for the industry! Available on PCs everywhere.

In other news, major game studio closes after suffering massive losses and dwindling profits.
The_Truth_24_7  +   221d ago
Yes!
zero_gamer  +   221d ago
"Time for Nintendo to dump the Wii U and focus on releasing games on the PS3, PS4, Xbox 360, and Xbone."

This is why everyone on the internet hates the Wii U.
Shad0wRunner  +   221d ago
The Wii U is dead in the water.

The only ones who have a hard time admitting it are, Nintendo...and it's fanboys/girls.

Stocks keep falling, and sales will too when PS4 and XB1 launches. Good luck riding that sinking ship all the way to the bottom of the ocean. LOL
videogameluva   221d ago | Spam
The_Villager  +   221d ago
Stocks keep falling eh? You sony fanboys are so delusional lol!

http://n4g.com/news/1346005...
#5.2 (Edited 221d ago ) | Agree(3) | Disagree(6) | Report | Reply
Nevers0ft  +   221d ago
Not that I agree with any of the Nintendo/Wii U is doomed crap, but you realise the article you quoted is about the stocks increasing due to a possible inclusion in the Nikkei 225... And this article is basically stating that they didn't get included in the Nikkei 225, hence a drop in stock price, yeah?

Before you jump to the Nintendos defence, check your facts before somebody else does ;)
#5.2.1 (Edited 221d ago ) | Agree(1) | Disagree(1) | Report
videogameluva   221d ago | Spam
skyrimer  +   221d ago
I really have doubts on Nintendo's future. WiiU is a disaster right now, and 3ds it's really showing it's age, with graphics equal to a 3 or 4 year old smartphone. Nintendo has been stubborn on accepting many modern developments on gaming like online, trophies, social gaming, etc and may now pay the price for that.
Crillvirus81  +   221d ago
3ds showing its age lol what? Pokemon 3ds says hi ... And its going to sell better then anything Sony releases this year and maybe next ..also mh4 says hi to lol ...and Mario kart u and smash bro u
The_Villager  +   221d ago
Then why is the 3DS killing the Vita is sales hardware and software? Talk about being delusional lol
#7.2 (Edited 221d ago ) | Agree(8) | Disagree(4) | Report | Reply
knightofmario   221d ago | Spam
AKR  +   221d ago
You can keep your doubts.

DS looked like an advanced Gamecube and wooped PSP's behind.

3DS looks like an advanced Wii and is wooping Vita's behind.

Wii was an advanced GC and yet it still steam-rolled PS360.

Nintendo may be the smallest of the big 3 - but it's also the oldest and has the biggest profits.

Microsoft looks like they're on uneven ground with their Xbox division. Sony has been losing money for almost a decade, and have only recently started picking back up. It's going to take a while before they're fully back up on both their legs, financially.
knightofmario   221d ago | Spam
Gamingsince75   221d ago | Spam
BX81  +   221d ago
Nin needs to release a new Zelda and Mario kart close to each other to raise some sales. I don't want the wii u to fail. Nin needs to go no holds bared on the wii u. They need a massive boost.

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