Gamnesia writes: Nintendo's stock sharply declined by 8.66% in just one day, dropping Nintendo's stock value down to its lowest point since October just after reaching year-long highs during the holiday season.
Hmm, not really that surprising.
To me its a little crazy because they sold so many amiibos already plus they are at 9 mil consoles sold and keeping a steady profit. Still with that said I am sure many expect more from Nintendo
Microsoft's stock fell 10% and they are fine so is Nintendo.
But if they would stop being stingy with the production of the Amiibos and other things like the Majoras Mask New 3DS, imagine the increase in numbers they could pull. Right now the ones profiting most from the Amiibos are the scalpers.
why did it fall, didnt they post profits?
yes. http://www.engadget.com/201... However the yen fell and their stock always falls after the holiday season. It's really not a big deal. They are still a profitable company. Making about 270 million in profits last quarter.
why is this news? stocks fluctuate everyday.....
9% is more than a fluctuation. That's over a billion dollars in market value dissipating overnight.
It's good that we got people like you around here.
This happened like 6 months ago, and then like 3-7 days later it went back up by 14% or something. * With all the good new games on the way it will increase, plus the New 3DS & 2015's game selection for both 3DS & Wii U will help. * Wii U won't get as many bandwagon sales as the PS4...just the way it is...but stocks do move THIS MUCH, at least in this industry, from time to time. * FACTOR THIS: * They spent money on new stuff? - New 3DS models, New Amiibo's, new game development. That all costs money. Money that they Have yet to recoup, so ofcourse their stock dropped, as their money in hand is less because they spent it on developing these new products. They will now sell those products at a profit and the next report will show the increase and difference. How don't people get this?
...and what? it will get back up in a few days, its a short term and not long term drop. 1B$ is pocket change compared to Nintendo's main competitor that was worth over 10 years ago 160+ B$ and now they are 1/10 of that value plus 160B$ from early 2000's would be today more or less 200B$.
I know they have a war chest of money from the Wii, but I can't help but think they've already moved in a new direction away from the Wii U or are trying to make it cheaper. The cost of the gamepad's making it tough for them to cut the price, and I think it's killing them on sales. They already didn't see the bump they wanted with Mario Kart or Smash. A new Zelda game will only help so much. Whether it's a new WiiU at a lower price, a price cut, or their new console (please be a portable/home console hybrid!), they really must be planning on doing something in reaction to this chain of events in the future.
The 3DS hasn't sold as well as they would have liked purely because of the mobile market. Its still selling millions just not what they expected. The WiiU is the main issue for them though as they barely make profit from it. They make something like £30 a console and thanks to lack of 3rd party the attach rate of games per year is low as they are relying only on 1st party sales. I can see them trying a relaunch of the WiiU this year with a new look and smaller hardware to save on costs and maybe try to claw in some 3rd party deals.
Cant wait for Nintendos new system after the Wiiu. I think theyll learn from Wiiu blunders and the next system will be priced well and have decent tech in it.
I like the wii u a lot and the games they introduced on it
He was talking about the price and the overall quality of the hardware. I too can't wait to see what they come up with hopefully something more traditional ;)
announcing a new hardware revision right before the holiday season probably wasn't a smart idea
Is anyone else sick of this stupid mario image?
Yeah. Its grossly overused. At least come up with something new. lol
This adds to my point about gamers being like Magpies. Make crap, broken games with amazing graphics and you win. Make amazing games with great graphics but make the hardware weaker and you lose. There are as many 1080p games on the Wii u as PS4.
Gamers are conditioned to go for style over substance. Unfortunately Nintendo doesnt help itself by not attempting to put its marketing out there more.
TBH gaming has moved on in some ways to what it was back in the 90s and early 00s. I remember brining called a geek because I was a gamer but now its the cool thing to do and people today all follow the same trend in most of the way technology has gone. For example the best selling phones and tablets are the IPhones and IpAds but they are not the best device on the market they are the cool devices. Its the same with games. COD, FIFA, AC, BF are seen as the cool games and people go out and buy them yoy but online gaming has also changed the way we play and buy consoles. I had a SNES and my best make had a mega drive and we would go to each other house to play against each other. Also if we had the same console one would buy one game and they would buy another game and we would lend them to each other where now a days people buy the same game to play with each over online with. For Nintendo to hit back at Sony and Microsoft they also need to make some IP's that take advantage of this and make people want to play each other on them. That said though out of all 3 for me Nintendo still make the best single player games and the wiiu has some amazing games to back this up.
call of duty....good kirby eats popcorn.....bad battlefield....good super mario friends.....bad blood.....good mushrooms & flowers with faces....bad
The hell? But they reported PROFITS. Anywho...In other news.
Yes, but profits WAY under the expectations they (Nintendo) set for themselves. Thus, the stock sell-off. Nintendo has been vastly underperforming based on their own predictions. Don't let it get you down, just enjoy the games! Unless you own Ninty stock, of course...
You can disagree with reality but, sadly, it's still reality. Let me put this another way: Nintendo released a report to their stockholders with their expectations of what profits would be for the last quarter. They missed those expectations. Thus, the stock is not as highly valued as what was anticipated and people sell it off.
I just find it strange because everyone keeps saying that Nintendo is losing all this money so they are going to stop making consoles or go out of business or whatever and yet they managed to make more money than they spent and somehow they are still doomed because the stock went down. The stock went up about this much when they announced some sort of mobile plan so I don't see this being a big deal since it wasn't one before
@randomass171 I'm not saying it won't bounce back. It most definitely will. I'm just explaining why companies can report a profit and it still be a negative in the eyes of the stockholders. I don't think they're doomed at all. But that doesn't change the fact that they didn't meet their expectations for the quarter.
in my Professional Opinion They should go third party next gen, All those great Ip’s to be released on other consoles will be amazing
And also disastrous. Just look at SEGA for instance. After they had to abandon ship - the quality of their titles dropped and they've abandoned a lot of their classic IPs. Most of them (think NiGHTS, Crazy Taxi, etc.) are just stuck in a loop of re-releases. Nintendo's wealth is too vast for them to even dream of dropping out, at least not for another generation.
Everyone is down it happens though it does suck for shareholders. As others of mentioned they will most likely be up within the next few days. Well back to Dying Light followed by MP Trilogy. Good thing I am off today.
Has anyone noticed that Nintendo has already regained the 9% it dropped. Anyone. Hello? Sigh. N4G
Dude, this is N4G! ... or could be that everyone has a Wii u and they are playing MP trilogy!!
No, they didn't. Their stock value dropped from 12,300 yen a share to 11,165 per share. Since then, it has recovered slightly to 11,430 per share.
Oh really. As of right no it's a 12.04 http://money.cnn.com/quote/...
You're looking at their value in US dollars, not yen. And either way, note the enormous drop-off. By the US charts, their stock was worth over $13 per share before their quarterly report and it's worth $12 right now.
Sounds like a good time to invest!
nows a great time to invest, once they put mario on ipad, xbox, and playstation stocks are going to EXPLODE!
Actually I was referring to the popularity of amiibo. It's when stocks are low that it is when it's a good time to invest. You need only look to Sega to see that going third party would only erode Nintendo's brand strength and cause them to slowly fade. Besides, PlayStation and Xbox folk wouldn't buy Mario. It's too colorful and creative, and requires too much hand eye coordination.
They've already regained the loss then some. The image and the click bait headline say to me that I should never visit the site that submitted this article. Also, quick stock lesson for the kids. The value of a stock has less to do with profitability of the company. It has more to do with the amount of shares in current circulation and the amount of active trading.
Exactly. Now their stock is higher than it was before the drop. Oh N4G. lol
Thats so messed up because they have the very best 1st party titles too... NSMB U, SM 3D Land, MK 8, SSB U, Hyrule Warriors, Bayonetta 2 (that includes the original), & if you missed out on Wind Waker, its in HD now.. So many great games with the highest overall reviews... Its a great console thats affordable, they just need have the high capacity battery for the gamepad stock... Yes there is barely any 3rd party but with that handful of games plus the upcoming starfox & zelda, theres no reason not buy it! Those games alone are good enough for me to buy one but i got it at launch.. I have such a huge backlog of games im waiting to play on the NEW 3DS so i can enjoy the 3D w/o worrying about losing the sweetspot... NFC compatability too? smh Nintendp is the only company that releases its games w/o the need to patch it 20x to work right... Love em but i need my PS4 to play 3rd party games as well....
theyll be just fine.. Im sure a new system is in the works with a nice revolutionary way to play just like they always do but im not buying every iteration they make.. They sure know how to make some cash by selling you the same thing though.. Nintendo fans like myself love the nice little additions they do to improve it but no way am i buying at launch again.. There will have to be at least 4 games i really want & a redesign before jumping in again
Nintendo has the absolute best exclusives as of now with 3ds & wii u so i dont get it but whatever... They will alwys get my support! I must admit that theyre pissing me off with these extremely limited quantities of highly anticipated CE's, NEW 3DSxl, & amiibos but as long as i can play the game, ill be happy.. 2 more weeks!!!
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