Wyrdness said:
freebs2 said:
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.
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This, glad the are people here who at least has an understanding of why and how markets move, the markets move on speculation and the speculation for the year was incoming profits from an entry into mobile so the market moved to reflect that.
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Yeah, but the article also makes it clear investors were underwhelmed with the lame looking 'game,' which you've been arguing against in other threads.
