Today, the Big N slashed their FY 2012 earnings guidance by 82%. They also announced a huge price cut on the 3DS system from $250 to $170. These are the moments that value investing is made for. Was I wrong to buy NTDOY, Nintendo’s ADR, at $33/share? Well it is trading below $20/share today, so the answer has to be yes. Was I wrong to buy Nintendo at $28/share? Yes again. Was it wrong to buy Nintendo at $22/share? Time will tell. My investment time horizon on Nintendo is 3-5 years and the case for revenue growth will become more compelling as the Wii U rolls out. This coupled with more releases of quality 3DS titles could stem the bearish tide.
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.
We'll see how 3DS bounces back this holiday, but yeah it's critical that Wii U get off to a flying start or they might return to their GameCube like days of being irrelevant.
I wonder what would happen to Nintendo if the Wii U fails
Like a "What if" scenario
.
This is HUGE and shows that the shareholders are losing patience with Nintendo.
The price cut will not be enough. Expect the hammer to fall. Nintendo waited to long to react to market conditions.
They really needed the Wii-U to launch this year but their stupidity and more importantly...GREED, got in the way as they continue to sell their severely out dated gaming devices.
For the bargain hunters out there it will be a great time as Nintendo starts dropping prices to where they should of been in the beginning.
The N64 was Nintendo's last great console, at this point I wouldn't mind them becoming a publisher like Sega and making Mario and LoZ games for Sony and MS. It would just be one less console I'd have to buy.
"future hinges on wiiu"
or they will go back up along with sales with the next mario title