DarkFury said:
superhippy420 said:
So Nintendo basically came out and told everyone that they were doing horribly to lower expectations and get the stock hit out of the way, so that when the news came out that their software sold enough to make a profit, people would be all over Nintendo again. Brilliant. Seriously, Nintendo just told the world "Wii U sold like garbage and we are still running at an operating loss or small profit, just wait and see what happens when our AAA titles come out."
|
No. They made a small proft this quarter, down y-o-y. They said they are going to make a huge loss this financial year, not Q3. The share buyback is costly business, they are doing it to calm down the big institutional investors.
Quarter is not the same as full financial year.
|
They posted a profit a small profit in Q1 and Q2 as well. So is Q4 just going to have a massive loss due to the stock buyback. It's a risk for Nintendo but the payoff could be massive. If their sales really take off on Wii U, and 3DS keeps it rolling then the Stock could go through the roof, due to a shortage. If sales still don't pick up then Nintendo pretty much just ate a bunch of Stocks for no reason.
