tak13 said:
Oh weaker yen means higher earnings, I'm glad to learn that!:P
Nintendo stock currently is at a four or five year record high, it was at 12.57 before mobile games tease, after that it went up to 22s blazingly fast and stabilized at 19s, after it went up again to 22s due to the great FY14 earning releases since FY11, with full year profit, and after the surprisingly good FYQ15 financial results it reached 25s, then it had a steep drop after the announcement of the new CEO (I guess that wasn't received well lol) , falling to 19s but soon due to the news that shortly they will release their first mobile game, the stock price skyrocketed and currently is at 24.77 with 28b Market cap... Nintendo hasn't even released yet a mobile game and look what any news about them how they affect the stock price, I don't dare to imagine what it will happen to the stock when the first game arrives and succeeds... FY15Q1 had splatoon a million seller, FY15Q2 had super mario maker, a million seller again! Also,Nintendo in the past quarter resupplied retailers with Amiibos. Amiibos is a cash cow for Nintendo, so don't worry! ;) Nintendo since march have gained much billion in Market cap... Nintendo stock is now consider as buy!
Don't care for sales so much but profits, Nintendo has proved that you can have a remarkable profit with mediocre sales! |
Thanks for your feedback. Personally I think Nintendo is making the right business moves and may very well tranisition from being an up and down stock to a growth stock. I have faith in their ability to become the #1 name in mobile game creation and revenues. Pretty much every nintendo fan out there already has an android or an ios phone or tablet. Nintendo fans will download the games and tell all thier friends to do the same. Plus i feel like Nintendo has a history of taking a unique game style and being the best at creating games for it. They pioneered touch gaming afterall with the ds. They will soon turn their mobile venture into a billion dollar a year plus business. This with movies and theme park rides will build up the brand and will improve the sales of thier home console. I could see their handheld struggling a bit due to the availability of their ip on mobile phones but they will make gains as they will have no competition next gen. If Sony was going to continue the handheld market they needed to follow through on game support for the vita. You can't do that and expect anybody to purchase the next system.
