| Wagram said: The interesting thing is that this probably could have been mostly avoided if Nintendo had been more transparent with investors in the months leading to this announcement. Everyone (investors included) expected Mario. In addition, the delay didn't help matters much. When investors are fickle and dump that much stock it is a very bad sign that they don't believe in management anymore. We all love Nintendo, but they need to open up more. |
I think Nintendo is very much in transition at the moment. I know Iwata has only been dead for as few months but he didn't run the company in the typical way a businessman would, to be fair to him he ran it as a creator so if there was a Mario game in development for mobile and it wasn't near ready he would of slotted it at the back of the pack and pushed another more finished title to the front. The problem is that Nintendo is really in a hole at the moment so the new CEO has inherited this problem, you really can't blame him for it as he's been in the job less than two months but it will be a baptism of fire for being more transparent in the future.
Still, no Mario game on earth could excuse a $4.5 billion stock drop. I think you'd have to combine the profits of every core mario title ever to come up with that much. What were they expecting?
