Nintendo is Going Under (Doomed)... Market Cap at 24 Billion; Highest in 4 Years

[Mummelmann]

DanneSandin said:

Mummelmann said:
The market cap exploded after their announcements of going mobile and signs of actually trying to change things for the future. Should they fail to deliver on these changes and create a viable business venture for the long term; this market cap can easily tumble again, with the added bonus of massive wads of actual cash reserves being spent on investment, re-structuring, R&D and large scale software output to get the gears going.

In short; everything could be a whole lot worse within a couple of years' time.

That said; I think they'll do fine, I'm glad to see them starting to think outside the box and take action in the face of declines and the changing market but I wish they hadn't spent the last few years floundering about.
Doomed, they are not, but they're not out of the woods yet either, a surge in stock on the back of promising news following a long period of declines and poor performance is quite common but doesn't always constitute a miraculous resurrection or comeback by default.

This! Lets see how things play out with their mobile strategy, and later on, the NX. But I gotta say, its easy being optimistic over Nintendos future, at least their business future. All I hope is that they dont neglect the consoles...

There are two major signs for me that they'll do fine, or even great in the future; one being the fact that they're actually undergoing some rather heavy, and much needed, reform and the other being that they've actually allied themselves with someone who is an expert in a field they're going after. The one major component missing from the equation now is allowing their Western branches much more influence across the board; that's a vital part of remaining relevant and desireable in the Western markets, where they have been seeing the slowest movements lately. I believe this is coming as well, in time.

Nintendo's franchises will fit perfectly on the mobile devices and they do things right, it can become a lasting gold mine. I do wonder what the proponents of the UNITY thread would have to say about it though, since smart devices and the mobile gaming market was described as nothing but a bubble and a fad...