Nintendo stock drops to its lowest in 3 years

[patjuan32]

Destroyer_of_knights said:

Asriel said:
Yes, the Wii is doomed, and Nintendo will go bankrupt, just like they did when the Gamecube failed and the PSP was announced and was ready to take Nintendo's handheld crown from them...

Oh... wait a minute here...

Oh. I see. I see now.

Ah, you do realise that the gameboy essentially kept Nintendo afloat during the N64 and GameCube days right?

Also you speak as if PSP didn't affect Nintendo, but Sony's 1st entry into the hand held did a might fine job of  taking away about 31% of it's market share, remember before the PSP came in Nintendo all but dominated the hand held market with almost 100% market share...So I'd say Sony PSP took a good 31% of that crown.

Talk about someone else being a fanboy! Yet look at your post. It's not like your being unbiased.

 

On topic:

Nintendo never releases a console that will incur losses. That's why their business is successful. The N64 and the Gamecube both made profits on hardware and on software. Therefore it's not only the Gameboy that kept them a float. Their portable consoles are the icing on the cake. They've been strong and profitable since the original Gameboy. This gen has been no different with the DS and it's competition with the PSP. Market Share will fall anytime an alternative is offered in a market. That's nothing new. but you can keep using it if it makes you feel good.

 

Stocks will rise and fall. That's the nature of the stock market and that is why it is so unpredictable. Rarely will stock retain a high value for a long period of time.