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Forums - Nintendo Discussion - Nintendo stocks drop 56.59%, what is happening? EDIT: 'Twas a glitch

Helloplite on 28 April 2017

If anything, the stock price right now is under Nintendo's actual value and potential value, at least according to Morgan Stanley.

http://uk.businessinsider.com/nintendo-stock-price-nintendo-switch-2017-4?r=US&IR=T



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Conina on 28 April 2017
KBG29 said:
The lack of a 4G Switch is a huge part of it.

I know this is not popular on gaming forums, but it is a reality beyond our little world. The idea of a non connected mobile device is not hot, and the lack of a browser or any other apps/functions makes Switch quite undesirable.

I know, this is not popular in your way of understanding, but in reality most people are okay with Android and iOS as OS for their mobile devices and most of them couldn't care less about a handheld phone with PlayStation OS, Xbox OS or Nintendo OS.



ironmanDX on 28 April 2017

BUY BUY BUY! This has to be an error. 2ds xl causing this? No chance in hell. It would take something massive to drop that much. Like, Tatsumi Kimashima is the secret leader of ISIS and had been fooling the whole world massive.



Acevil on 28 April 2017

https://finance.yahoo.com/quote/NTDOY?p=NTDOY

It will actually most likely go up today as well (based on the trading in Japan), yes it was a glitch.



 

Bofferbrauer on 28 April 2017
Mummelmann said:
Soundwave said:

You would have a point if Switch wasn't selling out constantly, but it is, so I say what's the problem with 2DS XL? It'll just make more money for Nintendo. Switch is selling to a different audience than the 3DS/2DS is at this point, 3DS/2DS right now is virtually all just young, young kids who wouldn't be able to afford a Switch anyway. 

Selling out constantly? There are shortages in the US and Japan, but that seems to be it. And keeping the 3DS going much longer is a ridiculous idea and forces them to keep splitting their software development efforts. I'm 105% sure that this is a terrible move from them long term. Yet another revision will spike sales for a couple of months and then they die down again and they're back at square one and have spent even more money on another revision and have spent precious software development time on a platform heavily on its way down instead of throwing it all behind the one on its way up.

In Germany the waiting list fo the Switch in Media Markt is up to 16 weeks, and it's still prety hard to come by in France. So no, it's not just US and Japan



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barneystinson69 on 28 April 2017

Could be the stock splitting (increasing the amount of diluted shares in the market, so essentially the price of the stock is lowered, and the share count is increased. This could be happening if Nintendo wanted more activity with their stock). The market cap seems right, so I doubt it actually lost over half its value. 

Edit: Nvm, I see the glitch was fixed. 



Made a bet with LipeJJ and HylianYoshi that the XB1 will reach 30 million before Wii U reaches 15 million. Loser has to get avatar picked by winner for 6 months (or if I lose, either 6 months avatar control for both Lipe and Hylian, or my patrick avatar comes back forever).

Jumpin on 28 April 2017

Glitch, their stock is actually up 2%



I describe myself as a little dose of toxic masculinity.

niallyb on 28 April 2017
Mummelmann said:
Soundwave said:

You would have a point if Switch wasn't selling out constantly, but it is, so I say what's the problem with 2DS XL? It'll just make more money for Nintendo. Switch is selling to a different audience than the 3DS/2DS is at this point, 3DS/2DS right now is virtually all just young, young kids who wouldn't be able to afford a Switch anyway. 

Selling out constantly? There are shortages in the US and Japan, but that seems to be it. And keeping the 3DS going much longer is a ridiculous idea and forces them to keep splitting their software development efforts. I'm 105% sure that this is a terrible move from them long term. Yet another revision will spike sales for a couple of months and then they die down again and they're back at square one and have spent even more money on another revision and have spent precious software development time on a platform heavily on its way down instead of throwing it all behind the one on its way up.

I admire your conviction but it seems you don't get it.   The 3ds market is a cash cow.  The 2DS XL is low effort on the design front and low cost on the manufacturing front.   Why would you think they should abandon a huge userbase and profitable software market ?   It would cause bad feeling with the userbase and publishing comminity also. The release of the 2DS XL is unrelated to how nintendo allocates software development resources.  Its a niche product for a segment of the market that isn't looking at switch yet.

I'm pretty sure they know their business better than you do :)



niallyb

potato_hamster on 28 April 2017
KBG29 said:
The lack of a 4G Switch is a huge part of it.

I know this is not popular on gaming forums, but it is a reality beyond our little world. The idea of a non connected mobile device is not hot, and the lack of a browser or any other apps/functions makes Switch quite undesirable.

The market backs those attempting to grow, not merely sustain what is left of a shrinking market. Switch is going to be a great device for about 20 - 50 Million people, but that is nothing to invest in. Give investors a Switch phone next year or the year after, and open that possible market up to 200 500 Million people, and they will be singing a different tune.

Nintendo hasn't even committed to the idea that the Switch is a handheld console, and you want them to make a 4G version of it that will murder the battery life even quicker than it does now. You're a minority of a minority of a minority.



Nautilus on 28 April 2017
Oneeee-Chan!!! said:

 

Is there anybody who is clever person  in  this thread ?

Its not that they are not clever, but since this is a thread about a negative Nintendo news(Even if its about a computer mistake), the ones that are not happy with the Switch will jump to the chance to express their discontempt.



My (locked) thread about how difficulty should be a decision for the developers, not the gamers.

https://gamrconnect.vgchartz.com/thread.php?id=241866&page=1