The company's stock falls by five percent following new game announcements.
http://www.nintendoworldreport.com/news/27815
Shares of Nintendo stock dropped in value by five percent following Nintendo's 3DS press event yesterday.
Although several new games were announced for the 3DS at the event, including a new installment in the popular Monster Hunter franchise, Japanese investors don't seem convinced that it will be enough for Nintendo to maintain its dominant position in the handheld gaming market, and feel that the significant number of non-gamers that Nintendo was able to attract with the DS are now much likelier to play games on smartphones than on dedicated game systems.
Nintendo's stock price has fallen by almost 50 percent so far this year amid concerns that the 3DS and the upcoming Wii U will be unable to replicate the success of their predecessors.
OK, heaven knows I've been a very skeptical critic of the 3DS, but at this point even I have to wonder what it's going to take to satisfy the stockholders if they can't even walk out of an all-3DS show (with many new game announcements) without selling their stock.
OK, heaven knows I've been a very skeptical critic of the 3DS, but at this point even I have to wonder what it's going to take to satisfy the stockholders if they can't even walk out of an all-3DS show (with many new game announcements) without selling their stock.
So, is now a good time to buy stock in Nintendo?
hahahahaha! even with these new games, consumers still dont like the general direction of the system. i mean seriously? how could nintendo abandon the arcade gaming values that made the DS and wii so popular in the first place.
I also love how the article takes the liberty of attributing the loss to smartphones and how its killing the console market. seriously, just look at what happened to the NES when computer gaming was in full bloom int the 80s..... oh yeah, i forgot. The NES actually turned out to grow the console market instead of being wiped out by computer gaming.
While in the past I have criticized the 3DS and the strategies Nintendo used to promote and sell the system, I am convinced that analysts and investors are bullying Nintendo into doing what THEY want to do. Seriously, it is always "Facebook this, iOS that, mobile is the future!". And the funny thing is that Sony, so far, isn't getting any of that with the Vita. Maybe it is because the system has some mobile handheld-like features, and thus THEY believe it will be successful since it will be more like a mobile device rather than a dedicated gaming system.Also Sony does many different things when your investing in them.
This is a market that doesn't really give a **** about quality, they just want a mindless distraction to eat up free time.
No one in their right mind thinks Nintendo has any shot of lifetime sales of the 3DS being in the same ballpark as those of the DS.
OK, heaven knows I've been a very skeptical critic of the 3DS, but at this point even I have to wonder what it's going to take to satisfy the stockholders if they can't even walk out of an all-3DS show (with many new game announcements) without selling their stock.All Nintendo has to do is show that they are making games that will make them NEW customers.
theres a cell phone bubble about to pop, and 3ds will still be around after it.
I've said it before and I'll say it again. Nintendo handhelds will always do fine because of children. Children do not need cellphones and thus will not have the "casual market's answer" to handheld gaming.I know a lot of adults that they are to sophisticated for as well.
Ipads, iphones, android....all of that is either too expensive or simply too sophisticated to warrant a child owning one.
theres a cell phone bubble about to pop, and 3ds will still be around after it.
I get the feeling a large part of this bubble, though, is the global economic recession. Less money to spend on games means people naturally look for the lowest priced games available, and right now that is definitely mobile games. Given that the recession does not seem to be getting any better (in fact, in many ways it may be getting worse), I wouldn't expect that bubble to burst for probably 5-10 years. Whether it is a success or a relative failure, the 3DS will be retired by that point.
