Nintendo stock drops after Wii U announcement

#1 Posted by Enigma777 (6071 posts) -

By 5% which is the lowest the stock has been since the launch of the original Wii.

/Source

Ouch.

#2 Edited by ryanwho (12082 posts) -

Let's pretend we're analyst and read our fantasy Nintendo downfall into this, internet experts.

#3 Posted by Animasta (14673 posts) -

@ryanwho said:

Let's pretend we're analyst and read our fantasy Nintendo downfall into this, internet experts.

NINTENDO WILL BE GONE BY 2013.

#4 Posted by Enigma777 (6071 posts) -

@Laketown said:

@ryanwho said:

Let's pretend we're analyst and read our fantasy Nintendo downfall into this, internet experts.

NINTENDO WILL BE GONE BY 2013.

Too bad the world will end in 2012...

#5 Posted by Hizang (8532 posts) -

Did the stock drop just after the Wii anoucement, I'm sure its because its a risky move and there is a chance it could fail, Nintendo are not playing it safe.

#6 Posted by Marcsman (3180 posts) -

Well the Wii rebounded quite nicely. Maybe Wii U will do the same?
#7 Edited by Grumbel (910 posts) -

Nintendo has survived quite a few not-so-well performing consoles in the past, so I wouldn't worry to much. It's also not that surprising, Wii captured a new audience, WiiU on the other side means very little far those casual gamers, as it doesn't bring anything new to motion gaming (unlike Move or Kinect) or gaming in general, it's just a more powerful version of past stuff.

#8 Posted by ryanwho (12082 posts) -

The market runs on sure things cus people who are in the stock market are old white pussies. It'll go up the day after the WiiU launches.

#9 Posted by MideonNViscera (2257 posts) -
@ryanwho said:
The market runs on sure things cus people who are in the stock market are old white pussies. It'll go up the day after the WiiU launches.
Exactly. This news is irrelevant.
#10 Posted by MordeaniisChaos (5730 posts) -

@Hizang: Not playing it safe? It's just a more powerful Wii. Literally, it will use the Wii motion controls, play Wii games, use all the accessories... I wouldn't be surprised if that tablet controller was an expensive and option accessory, and it shipped with a Wiimote and Nun chuck.

#11 Posted by swat200 (241 posts) -

I think at this point its maybe more of a gamble then people seem to think it is. Look at the average consumer who bought a wii, they dont give a shit about a new console. These people already have one box that does motion control and then they will see this new box with a semi normal controller and be all turned off again. Meanwhile Nintendo spent the last 5 years ignoring its hardcore, so will they also come back or are they gone onto greener pastures (xbox, PS3)?

#12 Edited by ryanwho (12082 posts) -
@MordeaniisChaos said:

@Hizang: Not playing it safe? It's just a more powerful Wii. Literally, it will use the Wii motion controls, play Wii games, use all the accessories... I wouldn't be surprised if that tablet controller was an expensive and option accessory, and it shipped with a Wiimote and Nun chuck.

Unless you're Apple, nothing you do is a sure thing. And even the iPad baffled people when it was announced. And that's just a big iPhone if you oversimplify it the way you oversimplify the WiiU. Iphone did great, so should the iPad, right? Its still not safe enough initially.
#13 Posted by Auswin (66 posts) -

The market isn't run by fanboys. There's no excitement about tech, no 'oohs' and 'aahs' about games... just "How much does it cost you? How many will you make? How long before you turn a profit?". 
 
That being said, it is curious that shareholders who benefited from the Wii would jump ship now. Time will tell who's right

#14 Posted by Yanngc33 (4496 posts) -

@Enigma777 said:

@Laketown said:

@ryanwho said:

Let's pretend we're analyst and read our fantasy Nintendo downfall into this, internet experts.

NINTENDO WILL BE GONE BY 2013.

Too bad the world will end in 2012...

5% GOD DAMMIT THEY'RE DONE FOR!

#15 Posted by SethPhotopoulos (5228 posts) -
@Enigma777 said:

@Laketown said:

@ryanwho said:

Let's pretend we're analyst and read our fantasy Nintendo downfall into this, internet experts.

NINTENDO WILL BE GONE BY 2013.

Too bad the world will end in 2012...

Then he isn't wrong is he?
#16 Posted by tooPrime (343 posts) -
@ryanwho said:
The market runs on sure things cus people who are in the stock market are old white pussies. It'll go up the day after the WiiU launches.
Yes, old white pussies run the "Tokyo Stock Exchange."  :/
#17 Posted by Vonocourt (2126 posts) -

@ryanwho said:

Let's pretend we're analyst and read our fantasy Nintendo downfall into this, internet experts.

Wii U, MORE LIKE DREAM-U....cast.

#18 Posted by Brendan (7763 posts) -

Well yeah, a new console means less profits for a while, even if a company doesn't necessarily lose money on every one they sell. Seriously, you guys are out of your element here. The financial world is not the fanboy world.

#19 Posted by MideonNViscera (2257 posts) -

Well I can say that I showed the videos to my girlfriend and her daughter, and they were pumped. There's your casual crowd. Then there's all the 3rd party devs who are actually gonna make games for this one, and that could get your hardcore crowd. Time will tell, but I certainly wouldn't have sold my stock over this.

#20 Posted by Twisted_Scot (1177 posts) -

Relax, Google will buy Nintendo In a month or so. :)

#21 Posted by Cheesebob (1236 posts) -

Well its investor nerves. Its to be expected!

#22 Posted by coolwhip83 (88 posts) -
@MideonNViscera said:
Well I can say that I showed the videos to my girlfriend and her daughter, and they were pumped. There's your casual crowd. Then there's all the 3rd party devs who are actually gonna make games for this one, and that could get your hardcore crowd. Time will tell, but I certainly wouldn't have sold my stock over this.
Exactly. Only angry nerds are predicting doom for Nintendo. My mom was interested in it even.
On the stockthing, other junior internet trade experts say it's normal for a stock to rise before an announcement and that people sell as the news is broken. Take that as you will.
#23 Posted by MordeaniisChaos (5730 posts) -

@ryanwho: But the iPad wasn't a magnifying glass attached to a more powerful iPod Touch. You couldn't just get rid of the thing and have just a normal iPod, only better. This isn't like the Wii, it's got all the capabilities of a Wii down to the games you can play on it, only it can also do these other things.

#24 Posted by Gerhabio (1977 posts) -

Stock always drops after risky moves. I have faith that Nintendo can pull it off. Though they have to commit to making lots of real good games for their console and find incentives for third-party support.

#25 Posted by GunslingerPanda (4710 posts) -

BUY NOW SELL WHEN IT LAUNCHES

#26 Posted by PrivateIronTFU (3874 posts) -

Nintendo better not tank! I really want one of those things.

#27 Edited by greennoodles (404 posts) -

So wait. You are telling me that Nintendo announced that they are slowing down development on their best selling console of all time to support another console that won't be released this fiscle year and people want to sell the stock before it drops more? Investers are thinking in the now and not the future? WHAT?

#28 Posted by Zor (654 posts) -
@GunslingerPanda said:

BUY NOW SELL WHEN IT LAUNCHES

It is still about 212 dollars a share (i think, read it somewhere at sometime... so it might not be true)... so yeah... 
#29 Posted by Klaimore (946 posts) -

That sucks Nintendo showed us a console too late in the cycle. Although they showed that third party developers will support the system my question is for how long? If we get new systems in the future lets say 2 years from now what then? Will EA still release Battlefields in that system even though they will not look better? Its 2005 all over again.

#30 Posted by TehFlan (1944 posts) -
@swat200: I think having the ability to play the games on the controller instead of just the TV could be a big draw to families. I used to always have to stop playing games whenever my parents wanted to watch TV, which I imagine is a fairly common dilemma with parents/kids. It doesn't do anything to get the grandmas to buy one, but it gives reason for at least part of the "casual" market to buy the thing. I dunno, though. I guess I can see how people would be uncertain.
#31 Posted by LiquidPrince (15911 posts) -

@Laketown said:

@ryanwho said:

Let's pretend we're analyst and read our fantasy Nintendo downfall into this, internet experts.

NINTENDO WILL BE GONE BY 2013.

Is your name Michael? If not, I don't believe you.

#32 Posted by AgentofChaos (1565 posts) -

Look at Nintendo's stock around 2003. It was once much, much worse.

#33 Posted by Hailinel (24409 posts) -

@greennoodles said:

So wait. You are telling me that Nintendo announced that they are slowing down development on their best selling console of all time to support another console that won't be released this fiscle year and people want to sell the stock before it drops more? Investers are thinking in the now and not the future? WHAT?

Who could have predicted this outcome?!

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