Reuters: Nintendo Co Ltd on Thursday denied a report that Shigeru Miyamoto, widely seen as the world's most influential games designer, would step down from his current position and take a smaller role in the company.
lol so these people think if he retired nintendo is going to flop so they drop shares? thats actually kind of sad
That's how the market reacts... remember, Miyamoto is as much "Nintendo" as Mario or Zelda or whatever. People see him stepping down, not even retiring, focusing on personal projects they said, but it's enough to make people sell their shares on, which is why the price fell. For shareholders, this is a big, negative change and they're in it for the money, so they're selling while the shares maintain a higher value.
Share holders are not the brightest people. They follow numbers instead of what is actually happening.
then the fail would be even harder if he passed away *hope that doesnt happen* then we'll know that the shareholders clearly think hes a god should that time happen
@theonlylolking Spot on. The entire stock market rises and falls based on minutely stupid things. Nintendo has made some mistakes lately though.
Miyamoto a legend
Numbers correlate to what is actually happening and how can you generalise that all shareholders are not the brightest people? The market responds to what is likely and Miyamoto's loss from such a position would likely affect the company negatively. Thus, share value decreases according to the average potential investor.
It is about money, and you don't have to flop to lose money. All of the highest selling games for the Wii have Miyamoto's name in the credits. He's not building them from the ground up these days, but all big budget games must meet his final approval before release. Think of it as your favorite boxed product removing that "seal of approval" or "guarantee".
It just shows without Miyamoto people dont have faith in nintendo.
He is the best but there are other Great man from nintendo just a Hint "Super Smash Bros"
Sukarai is almost an independent developer, but Aonuma is awesome with Zelda and the creator of Animal Crossing, Katsuya Eguchi shows potential
Still shows how relevant his iconic status is....the internet reported all kinds of stories in relation to this news. Fanboys went stupid as usual. LOL
I think Nintendo needs a little new blood, I'm excited to see what some new people have to say and do over at the big N. Don't get me wrong, this guy is an icon, but he has been in the business for so long now, sometimes you need to evolve or risk dying.
The article says the 3DS is a "flop" but anyone who has followed the handheld knows that it has experienced a huge resurgence and has out-performed the DS. Uninformed journalism.
or Vectron, Vishnu, Allah, or even Great Palutena lol
No sense in saying "or" as each of those names are just a name for the being God. Example: Thank Human. Or Adam, Bob, Jacob, etc.
lol Vectron is from a British Comedy sketch, and Palutena is a Video Game Godess lol but I see what you're getting at.
I never believed this rumor. Miyamoto loves being a part of the industry. Out of all of the execs at E3, he always looks like he's having the most fun (he came out with a sword and shield for crying out loud!). Nintendo is not in the position to force Miyamoto to do anything. This man could instantly get a job anywhere in the industry.
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