OceanJ on 20 December 2012
Well, if Nintendo's stock price is any indicator, it's not doing well at all. Nintendo stock in the U.S. at least, will hit a fresh 52 week low tomorrow.
A very un-merry Nintendo Christmas.
Nintendo NTDOY shares currently trade at 2005 levels, before the Wii, the 3DS, or the Wii U were sparkles in Miyamoto's eyes.
When you consider that Nintendo loses money on each Wii U sold, and the attach rate is reportedly a measly 1.2 at retail...the Wii U is doing badly.
Lastly I don't believe in the "every console has problems at launch so it's ok for the Wii U" group-think that pervades gamer minds. I think the half-baked console with huge chunks of missing and clunky software, shows a lack of excellence within the company.
