Nintendo stock continues alarming collapse... 5 year low. Reggie comments.

[menx64]

Erik Aston said:

Mr Khan said:

 

Right. Them hitting #2 in Japanese market capitalization had to be based on something, given that they were surpassing companies far larger and in far more vital industries

 

It couldn't last

They became the #2 largest Japanese company because it was believed they would continue to make the same types of products.

If you invested in a company because their hit FPS was going to sell 20 million copies, would you be pretty pissed off if 4 years later, the only follow up to the game was a single map pack? That's how people feel who invested in Nintendo because of Wii Fit, which has had no follow up except Wii Fit Plus after 4 years. Go down the line... Brain Age, NSMB, Wii Sports... When it looked like these games were the future, the stock price soared. When it became clear that Nintendo doesn't care about these games, the price plummeted.

This is not LOL INVESTORS ARE DUMB.

 Nintendo knows that too, they are not dumbs either, market saturation says hi, nintendo could probably have done wiifit3,4 & 5 but none of them were going to do the numbers of the original wiifit, and the same goes for most of their games... That´s probably the other reason why smash was still at $45- $49, mario kart was a $49, NSMB $49, they sell a lot over the time... Investors are not dumb either, the market is just  reacting to the new consoles, 3ds is doing ok, the software lineup for this hollyday is stellar and it´ll take it to the roof of the charts with no problem, the wiiU is nintendo's new bet, and besides all the bad comments it has a great future ahead of it, as big as the wii? maybe, maybe not, nobody knows...

 for some additional reading, this is a little old, (but still) if you want to know who "owns" nintendo this could be interesting...

http://seekingalpha.com/article/43310-who-is-buying-nintendo-stock