Sony on Vita sales: "we do not think we have any problems"

[theprof00]

scottie said:

theprof00 said:

scottie said:

Joelcool7 said:
Well Sony needs to reassure stock holders and developers. I couldn't see Sony saying "oh man we are fucked lets hope we can pull off the international launch and save our asses" third parties would cut development over night as they did with 3DS. Sony needs to do major damage control they do not want to hurt the international launch. They won't admit any failure till two or so months after Vita's is available in all regions.

Investors aren't (generally) as dumb as you make them sound. When the 3DS was doing almot this bad, Nintendo said that they had a problem, and that they were taking steps to fix it. Most investors will prefer to see that than a company with their head buried in the sand.

yet their stock kept going down.

 

In the 188 days prior to the 3DS price cut, Nintendo stock has dropped $14.03, or 39% of its previous value.
In the 189 days since the 3DS price cut, Nintendo stock has dropped $5.07, or 23% of its previous value.

 

To me, that correlates perfectly with a move welcomed by investors.

That time period shows nothing of relevance to a press release, and everything to do with actually cutting the price.
Yeah in fact, the day of the announcement was a HUGE drop from above 22 to under 20, then the very day after the price cut, it starts picking up a bit.