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

[HappySqurriel]

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.

People who buy and sell stock on the short term and are heavily focused on corporate announcements are not investors; they're speculative traders. The primary difference is an investor will buy a stock thinking of how the company will grow over the next 5 years, while a speculative trader is looking for what they will be able to sell the stock for in 6 weeks.

The initial decline in the price of Nintendo stock was from investors selling because they had doubts Nintendo would have 2 100+ Million selling systems next generation, and the more recent decline is from speculative traders selling (or selling short) because they new Nintendo wouldn't make their quarterly earnings. I suspect that you haven't seen investors buy in yet because they're much more careful about their investments, and are evaluating and re-considering where Nintendo will be in 2017.