Famitsu Sales: W38, 2019 (Sep 16 - Sep 22) -- Lite Edition

[curl-6]

Hey Tbone, good to see ya again! :)

OTBWY said:

curl-6 said:

Ok. It turns out Media Create did initially report 114k as a preliminary number.

But later changed this to 160k as their final estimate.

So Media Create reports 160k for Switch Lite. Famitsu 178k.

Thanks @GutFeelCapital pic.twitter.com/JiasG13iyd

— Daniel Ahmad (@ZhugeEX) September 25, 2019

Nintendo's stock fell 4% yesterday after the initial forecast of 114k, Citibank is targeting Nintendo and its investors. This is manipulation.

Can't believe this preliminary report and poor analysis from Citibank caused Nintendo stock to drop 4% yesterday.

Crazy. https://t.co/5FXVQLAGYd

— Daniel Ahmad (@ZhugeEX) September 25, 2019

Yeah I've been doing some reading up on the situation and it's sheer stupidity at best and malicious spin at worst.

https://www.serkantoto.com/2019/09/25/switch-lite-sales-the-bloomberg-citibank-disaster/

Basically, Citi made a ridiculously unrealistic forecast of 300k first week for Lite, ran with the 114k number as a sign it had massively underperformed, then failed to highlight their mistake when the number actually turned out to be higher.

Last edited by curl-6 - on 25 September 2019