Teeqoz said:
On the contrary, stock markets are longterm oriented... Investors expected Nintendo to utilize some of their huge IPs for their mobile games, and while they may do so later, Miitomo is overall just dissapointing for investors. It doesn't help that it was delayed either. Couple that with the fact that Nintendo's stock basically doubled in value on the announcement that Nintendo would make mobile games alone, and investors now realizing that their expectations were unrealistic, it makes sense. |
The value of stocks depends on expected profits. When Nintendo announced they've gone mobile, stocks rose beacuse investors started expecting more profts form mobile games. When Nintendo announced Miitomo and its postponement to next year, those expected profts (the ones generated by the use of flagship IPs on mobile platforms) became more distant in the future, thus less certain.
