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Forums - Nintendo Discussion - Nintendo Shares Plummet!

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justinian on 17 January 2014
osed125 said:
Train wreck said:
Pavolink said:
Train wreck said:
I would post those link saying that Nintendo was bigger than Sony...that lasted all but a week?

Anyway any attempts to buy will be met with selling as nothing in the company has fundamentally changed. Iwata is still CEO, no change in management, don't see how investors can trust the guy or his forecasts .


The fact that NIntendo was "bigger" than Sony, even if it lasted one week, proves not the delusionalism of the fans, but the actual bad situation Sony is going throught.

Nintendo is doing bad, but that won't change the disaster Sony is.

Hince why the company took step a couple years ago with the hire of Kaz as CEO and his changes.  If the comapny would have continued on the path put forth by Howard Strniger, they would have been under.

Sony is a 80+ billion revenue company, turnarounds for companies that large take time, look at HP.  At least kaz is putting forth different plans, trying to consolidate, buy and sell assets he feels will stablize and return the company to growth.  The company is still expecting 20Billion Yen profit for this year (down from 40 they forcasted).

Nintendo and management is hoping to put lightning back in a bottle and telling investors and customers alike to please understand.

That's a lot of assumptions there. What has Kaz done to improve Sony's situation?

They have more debt than what they are worth, they have "junk" status and they have to sell buildings to make profits. 

If that's how Kaz is trying to turn Sony around then things aren't looking good.


Yes, all you say is true but at least if he goes down he is going down fighting. He is trying new things, he has upped the phone sales etc., 

 Ultimately this might not be enough but one cannot deny he is trying. It is a tough job he came into and anyone would struggle in his position. Sony's situation is not Kaz's fault. He wasn't responsible for the disaster.

Iwata on the other hand is 100% to blame. No ideas what to do, repeating the same mistakes over and over again. He has lost touch with gaming reality that's why the wii u is a disaster. 



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Carl on 17 January 2014
Mr Khan said:
It was inevitable that they would have to revise their results towards reality at some point.

Although yeah, posting a loss in the Pokemon/MH4 year means that something is *really* bleeding out on the Wii U side. How bad must the per-unit hardware loss be to offset all that 3DS money they have to be swamped in?


The HW losses arent the only problem. Because the Wii U is selling like trash and its an unattractive purchase, software also isnt selling on the machine.

Nintendo are being forced into value bundles further cutting into SW profits.



                            

Mr Khan on 17 January 2014
Carl2291 said:
Mr Khan said:
It was inevitable that they would have to revise their results towards reality at some point.

Although yeah, posting a loss in the Pokemon/MH4 year means that something is *really* bleeding out on the Wii U side. How bad must the per-unit hardware loss be to offset all that 3DS money they have to be swamped in?


The HW losses arent the only problem. Because the Wii U is selling like trash and its an unattractive purchase, software also isnt selling on the machine.

Nintendo are being forced into value bundles further cutting into SW profits.

The hardware losses are the root problem, however, since if you're making a profit just selling the machine alone, it really doesn't matter how much software you sell. Obviously you need good software to sell in large enough numbers to motivate purchase of hardware in healthy amounts, but you don't need to obsess over attach rate when the hardware itself makes you money.



Monster Hunter: pissing me off since 2010.

osed125 on 17 January 2014
justinian said:


Yes, all you say is true but at least if he goes down he is going down fighting. He is trying new things, he has upped the phone sales etc., 

 Ultimately this might not be enough but one cannot deny he is trying. It is a tough job he came into and anyone would struggle in his position. Sony's situation is not Kaz's fault. He wasn't responsible for the disaster.

Iwata on the other hand is 100% to blame. No ideas what to do, repeating the same mistakes over and over again. He has lost touch with gaming reality that's why the wii u is a disaster. 

He was responsible for the Wii, DS (biggest successes Nintendo has ever had) and 3DS comeback. If it wasn't for those things Nintendo would be literally bleeding a lot of cash right now. I don't understand why people like to ignore these things.

Not saying he's doing a good job now, but without him, Nintendo would be in a much much more dire position.



Nintendo and PC gamer

Soleron on 17 January 2014

They're back up to mid-December levels now. That's not plummeting.



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radiantshadow92 on 17 January 2014

pokemon mmo nintendo pokemon mmo



Train wreck on 17 January 2014
Roma said:
Train wreck said:
I would post those link saying that Nintendo was bigger than Sony...that lasted all but a week?

Anyway any attempts to buy will be met with selling as nothing in the company has fundamentally changed. Iwata is still CEO, no change in management, don't see how investors can trust the guy or his forecasts .

Sony should keep selling buildings maybe sell some to Nintendo since they are expanding?

OP: this was obviously going to happen

Sony hasnt sold a building in a year and they just open a new building to house their new SCEA HQs in silicon valley about 3 months ago.  Nintendo expanding? You couldnt tell with all the earnings warnings they keep releasing.



DanneSandin on 17 January 2014
osed125 said:
justinian said:


Yes, all you say is true but at least if he goes down he is going down fighting. He is trying new things, he has upped the phone sales etc., 

 Ultimately this might not be enough but one cannot deny he is trying. It is a tough job he came into and anyone would struggle in his position. Sony's situation is not Kaz's fault. He wasn't responsible for the disaster.

Iwata on the other hand is 100% to blame. No ideas what to do, repeating the same mistakes over and over again. He has lost touch with gaming reality that's why the wii u is a disaster. 

He was responsible for the Wii, DS (biggest successes Nintendo has ever had) and 3DS comeback. If it wasn't for those things Nintendo would be literally bleeding a lot of cash right now. I don't understand why people like to ignore these things.

Not saying he's doing a good job now, but without him, Nintendo would be in a much much more dire position.

And wasn't Kaz the one behind the Vita? Now THAT is a disaster if I ever saw one...



I'm on Twitter @DanneSandin!

Furthermore, I think VGChartz should add a "Like"-button.

justinian on 17 January 2014
osed125 said:
justinian said:


Yes, all you say is true but at least if he goes down he is going down fighting. He is trying new things, he has upped the phone sales etc., 

 Ultimately this might not be enough but one cannot deny he is trying. It is a tough job he came into and anyone would struggle in his position. Sony's situation is not Kaz's fault. He wasn't responsible for the disaster.

Iwata on the other hand is 100% to blame. No ideas what to do, repeating the same mistakes over and over again. He has lost touch with gaming reality that's why the wii u is a disaster. 

He was responsible for the Wii, DS (biggest successes Nintendo has ever had) and 3DS comeback. If it wasn't for those things Nintendo would be literally bleeding a lot of cash right now. I don't understand why people like to ignore these things.

Not saying he's doing a good job now, but without him, Nintendo would be in a much much more dire position.


He is responsible for the first series of losses ever recorded by Nintendo in decades, if not in its history.

"I don't understand why people like to ignore these things".



Train wreck on 17 January 2014
osed125 said:
justinian said:


Yes, all you say is true but at least if he goes down he is going down fighting. He is trying new things, he has upped the phone sales etc., 

 Ultimately this might not be enough but one cannot deny he is trying. It is a tough job he came into and anyone would struggle in his position. Sony's situation is not Kaz's fault. He wasn't responsible for the disaster.

Iwata on the other hand is 100% to blame. No ideas what to do, repeating the same mistakes over and over again. He has lost touch with gaming reality that's why the wii u is a disaster. 

He was responsible for the Wii, DS (biggest successes Nintendo has ever had) and 3DS comeback. If it wasn't for those things Nintendo would be literally bleeding a lot of cash right now. I don't understand why people like to ignore these things.

Not saying he's doing a good job now, but without him, Nintendo would be in a much much more dire position.

We live in a "what have you done for me lately" world. Nintendo, like their fans (especially those who roam forums), tend to live in the past.  This is proof positive that past success does not guarantee future anything.  Nintendo's problem starting with the 3DS was trying to reproduct what the DS was and the Wii with the Wii U.  And even with his statement today you still are not seeing the contrition needed for real change, just another set of unrealistic forcasts they will have a hard time meeting.

Myspace was hip and cool back then too.