That is, however, a slight climb from the day's low of 16,040 earlier in the day. Company shares haven't been this low since before Nintendo's massively successful Wii console was released in 2006.
That is, however, a slight climb from the day's low of 16,040 earlier in the day. Company shares haven't been this low since before Nintendo's massively successful Wii console was released in 2006.
Reader Comments (141)
Posted: Jun 9th 2011 12:15PM worldpattern said
The exact same thing happens every time Apple releases new stuff. It's professional traders driving down the stock price so they can buy more. Don't worry about it.
Posted: Jun 9th 2011 12:19PM GB330033 said
@worldpattern
Thank you. Someone who understands that stock prices don't mean a whole lot when it comes to product announcements.
Has anyone looked at Sony's stock since they officially announced the Vita? Similar trajectory without the backlash that the WiiU is getting.
These stock doom and gloom stories are ridiculous.
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Thank you. Someone who understands that stock prices don't mean a whole lot when it comes to product announcements.
Has anyone looked at Sony's stock since they officially announced the Vita? Similar trajectory without the backlash that the WiiU is getting.
These stock doom and gloom stories are ridiculous.
Posted: Jun 9th 2011 12:30PM Faceless Troll said
@worldpattern More likely they're abandoning Nintendo stock so they can get aboard something that's profitable and has room for growth. Unless you're in it for dividends you won't make money buying a stock that's moving sideways.
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Posted: Jun 9th 2011 12:35PM worldpattern said
@Faceless Troll
I've owned Apple stock for 10+ years and have seen this exact fluctuation dozens and dozens of times. Longterm is the important thing to focus on and the console won't even launch until over a year from now. Seriously, it's nothing to worry about.
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I've owned Apple stock for 10+ years and have seen this exact fluctuation dozens and dozens of times. Longterm is the important thing to focus on and the console won't even launch until over a year from now. Seriously, it's nothing to worry about.
Posted: Jun 9th 2011 12:42PM Faceless Troll said
@worldpattern I'm not that concerned about Nintendo's stock prices, I just find some of the reactions to them amusing. As it is I'm more interested in short term trades than investing and the giant companies don't typically pop on my radar.
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Posted: Jun 9th 2011 8:07PM Rageous said
@worldpattern
That's true, but there's a critical difference: Apple does zero promotion of their products leading up to an announcement, and the stock is artificially driven down by analyst speculation leading up to press day. Once the products are announced (typically shipping within weeks, if not the very same day), Apple stock goes through the roof again. Nintendo's problem is that stock dropped twice *after* announcing their new project. Doing so this far away from release was bad form, too.
Disclosure: AAPL
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That's true, but there's a critical difference: Apple does zero promotion of their products leading up to an announcement, and the stock is artificially driven down by analyst speculation leading up to press day. Once the products are announced (typically shipping within weeks, if not the very same day), Apple stock goes through the roof again. Nintendo's problem is that stock dropped twice *after* announcing their new project. Doing so this far away from release was bad form, too.
Disclosure: AAPL
Posted: Jun 9th 2011 12:15PM TheBatman4141 said
Wii Mii??? No, Wii U!!!
Posted: Jun 9th 2011 12:16PM (Unverified) said
They should have just added a camera and a wiimote with a light bulb on the end of it...
Posted: Jun 9th 2011 12:17PM Tetris said
Honestly it's like Nintendo totally forgot what made the Wii so successful with the introduction of the Wii U. The Wii controller fit nicely in one hand and had minimal buttons. This has loads more and it going to be somewhat intimidating to casuals I think. They went completely the wrong way in design and the market reflects that. As much as I hate to say it, the majority of money is in the casual market, and if Nintendo wants to continue to be making money hand over fist they need to rethink this thing fast.
Posted: Jun 9th 2011 12:26PM Lucky The Fox said
@Tetris
I wouldn't say so. Consumers love gadgets and that's exactly what the Wii U controller is. Of course the Wii sales figures probably won't be matched, but come on, have you looked at those? No company is going to do that well any time soon.
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I wouldn't say so. Consumers love gadgets and that's exactly what the Wii U controller is. Of course the Wii sales figures probably won't be matched, but come on, have you looked at those? No company is going to do that well any time soon.
Posted: Jun 9th 2011 12:17PM Anarqi said
I think the shareholders are concerned with the price or the lack of appeal from consumers.
Posted: Jun 9th 2011 12:18PM (Unverified) said
Poor Nintendo, they try and finally do the right thing and it's hurting them.
Posted: Jun 9th 2011 12:18PM xFenixKnightx said
Wow again? I think its just gonna make Nintendo get a little more aggressive and clear about the system which is a good thing. Cant wait for TGS.
I'm really hoping for an updated HD Mario64 with Achievements for WiiU.
I'm really hoping for an updated HD Mario64 with Achievements for WiiU.
Posted: Jun 9th 2011 12:18PM sonicjam said
Meh, Nintendo will get that back when people try this baby out.
Posted: Jun 9th 2011 12:20PM Tihn said
So weird that their stock is falling, yet they have the biggest queues at E3.
"Look at the dancin monkey"
"Look at the dancin monkey"
Posted: Jun 9th 2011 12:20PM Drew327 said
I don't know if getting in line equals crazy for it
Posted: Jun 9th 2011 12:21PM Sylath said
Yeah, and Nintendo's stock went down almost 10% when the 3DS was announced. It's almost like history repeats itself. Weird.
Posted: Jun 9th 2011 12:27PM A Sandwich said
@MaulerX
Relative to what? "Below expectations" doesn't translate to "poorly", regardless what flame-bait headlines may tell you.
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Relative to what? "Below expectations" doesn't translate to "poorly", regardless what flame-bait headlines may tell you.
Posted: Jun 9th 2011 12:29PM Ezio Auditore da Firenze said
@A Sandwich
I need to find someone to make you a Nintendo Defense Brigade .GIF
Any takers?
Reply
I need to find someone to make you a Nintendo Defense Brigade .GIF
Any takers?
Posted: Jun 9th 2011 12:30PM yomachaser said
@Sylath The 3DS isn't doing so hot so I'm not sure if your post was meant to say everything will be alright or more a statement that this is what happens when they are perceived as under-delivering.
I'm still not sure how I feel about either system frankly.
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I'm still not sure how I feel about either system frankly.
Posted: Jun 9th 2011 12:21PM Bladex206 said
For any other company that might mean something. But this is Nintendo, and they will bring it, like they always do.
Posted: Jun 9th 2011 1:16PM streety519a said
@Bladex206 #
The Virtua Boy, N64 and Gamecube all say hi.
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The Virtua Boy, N64 and Gamecube all say hi.
Posted: Jun 9th 2011 8:33PM streety519a said
I loved the N64 and the Gamecube but both were destroyed by the Sony consoles on the market and had little to no third party support, especially after a couple of years into their lifespan., Just a quick google will tell you this. So saying Nintendo will "bring it as they always do" seems a bit misleading, don't you think?
Sorry, but as a 29 year old I actually was there at the time and don't wear rose tinted glasses for consoles I never actually played.
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Sorry, but as a 29 year old I actually was there at the time and don't wear rose tinted glasses for consoles I never actually played.
Posted: Jun 9th 2011 12:23PM lonecow said
Once they show some of their games on it, people will be all over it.
Just before this E3 everyone was saying the 3DS is a failure and now everyone is excited again.
They just need to show people what to look forward to.
Just before this E3 everyone was saying the 3DS is a failure and now everyone is excited again.
They just need to show people what to look forward to.
Posted: Jun 9th 2011 12:32PM yomachaser said
@lonecow All I hear about the 3DS is people either on the fence or feeling like its a little underwhelming.
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Posted: Jun 9th 2011 12:45PM baby sea tuna said
@yomachaser
It's a good system in need of a price drop and a killer app. Finally launching the eShop is a step in the right direction and Ocarina next week may push a lot of people over the edge.
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It's a good system in need of a price drop and a killer app. Finally launching the eShop is a step in the right direction and Ocarina next week may push a lot of people over the edge.
Posted: Jun 9th 2011 1:31PM Ospov said
@lonecow
I wouldn't say EVERYONE is excited for the 3DS. If anything I may be less excited now that I know I can get a PSV for the exact same price. I probably won't be interested in a 3DS until the next variation comes out and the price drops by $100 (even though that's a big price drop to ask for).
Some of the 3DS games look cool, but I'm only excited for a very few of them such as Ocarina of Time, Luigi's Mansion 2, and Paper Mario. The rest don't look bad, but those are the only ones I'll feel like I'm missing out on if I don't get a 3DS.
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I wouldn't say EVERYONE is excited for the 3DS. If anything I may be less excited now that I know I can get a PSV for the exact same price. I probably won't be interested in a 3DS until the next variation comes out and the price drops by $100 (even though that's a big price drop to ask for).
Some of the 3DS games look cool, but I'm only excited for a very few of them such as Ocarina of Time, Luigi's Mansion 2, and Paper Mario. The rest don't look bad, but those are the only ones I'll feel like I'm missing out on if I don't get a 3DS.
Posted: Jun 9th 2011 12:24PM Prboi said
Guess share holders feeling Nintendo is diverting away from what they wanted them to stay with. Being a console for kids & not catering to core gamers.
Posted: Jun 9th 2011 12:24PM BigFat360 biggerbadderFatter said
Nintendo apologist incoming in 3 2 1 . . .
Posted: Jun 9th 2011 12:29PM A Sandwich said
@BigFat360 biggerbadderFatter
Sony and MS trolls Incoming in .... oh shit, they're already here!
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Sony and MS trolls Incoming in .... oh shit, they're already here!
Posted: Jun 9th 2011 12:29PM Ezio Auditore da Firenze said
@BigFat360 biggerbadderFatter
Haha, you called it. Nice.
Reply
Haha, you called it. Nice.
Posted: Jun 9th 2011 12:26PM xpander2k said
Nintendo left us with more questions than answers which is why the stock is falling. They did a poor job of explaining what the Wii U was all about, they all but abandoned the Wii which got no love at the show, and Sony's announcement of the PS Vita retailing at the same price as the 3DS also hurt them.
Posted: Jun 9th 2011 3:23PM tendoboy1984 said
@xpander2k
That concept video Nintendo showed sure got me to understand what the WiiU is all about. Guess you didn't watch it?
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That concept video Nintendo showed sure got me to understand what the WiiU is all about. Guess you didn't watch it?
Posted: Jun 9th 2011 12:26PM Kitanishi said
People complaining and being scared over the stock going down should read up a bit on economics.
It is connected to the announcement, sure, but its usual stock market practice that happens with all the companies in situations where they announce a potentially positively impacting things.
Prices are forced to go down(one can read up on the internet in-depth on how and what happens actually), certain people buy shares cheaper and wait till the inevitable rise to collect the money. This has been going on pretty much since invention of stock market word combination.
It is connected to the announcement, sure, but its usual stock market practice that happens with all the companies in situations where they announce a potentially positively impacting things.
Prices are forced to go down(one can read up on the internet in-depth on how and what happens actually), certain people buy shares cheaper and wait till the inevitable rise to collect the money. This has been going on pretty much since invention of stock market word combination.
Posted: Jun 9th 2011 12:42PM dad0118 said
@Kitanishi
No need to research or complicate things. It's actually pretty simple:
Generally positively perceived announcements = Stock price rises
Generally positively perceived announcements = Stock price falls
Spin it however you like, but the MAJORITY of people were disappointed by what Nintendo showed us.
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No need to research or complicate things. It's actually pretty simple:
Generally positively perceived announcements = Stock price rises
Generally positively perceived announcements = Stock price falls
Spin it however you like, but the MAJORITY of people were disappointed by what Nintendo showed us.
Posted: Jun 9th 2011 12:30PM JnRx said
If you ask me it seems like a good time to buy with the great 3DS content coming out and once the WiiU turns out to be better than what people think that stock will boost right back up. Nintendo has a way of blowing people's minds.
Posted: Jun 9th 2011 12:42PM baby sea tuna said
@JnRx
Yeah, but have you looked at their stock prices? It's still like 200 bucks a share. Too rich for my blood.
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Yeah, but have you looked at their stock prices? It's still like 200 bucks a share. Too rich for my blood.
Posted: Jun 9th 2011 12:31PM Vcize said
Out of curiosity, do new console announcements that are far out typically cause a short term dip in stock value?
I would imagine so, because doesn't the announcement of a new console typically mean reduced sales of the current console in the short term (with people deciding to wait for the new version)?
I would imagine so, because doesn't the announcement of a new console typically mean reduced sales of the current console in the short term (with people deciding to wait for the new version)?
Posted: Jun 9th 2011 12:34PM A Sandwich said
@Vcize
Get your common sense and your reason the f*ck out of here. Nintendo is doomed! Do you hear me!? DOOMED!!!
Reply
Get your common sense and your reason the f*ck out of here. Nintendo is doomed! Do you hear me!? DOOMED!!!
