By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Nintendo Discussion - Nintendo stock up 11% in the past 2 days. Coincides with Miyamoto stepping down.

megaman79 on 08 March 2013

Sony announced there console will be really fucking expensive.



“When we make some new announcement and if there is no positive initial reaction from the market, I try to think of it as a good sign because that can be interpreted as people reacting to something groundbreaking. ...if the employees were always minding themselves to do whatever the market is requiring at any moment, and if they were always focusing on something we can sell right now for the short term, it would be very limiting. We are trying to think outside the box.” - Satoru Iwata - This is why corporate multinationals will never truly understand, or risk doing, what Nintendo does.

Around the Network
noname2200 on 08 March 2013
Mazty said:
newwil7l said:
Mazty said:
Investors will be hoping that new devs can draw in a wider audience and produce better results. Frankly I personally don't think it'll make a difference, but stock holders are a fickle bunch (read they have almost no idea how the tech industry works).


And you do?


Yep. Guess what industry I work in? -_-

Pr0n!

?



sethnintendo on 08 March 2013
Vinniegambini said:
Train wreck said:

Of course everyone is wrong as usual (in terms of relating the stock price to their fundamentals).

The reason the stock is moving is because the Yen cleared 95 to the dollar for the first time in over 3 years and companies who have raised their forecast due to the weak yen are bolting higher because of exceeding those higher estimates.

Also the Japanese economy expanded in the fourth quarter which is also fueling the advance.

Nothing really has changed on the outlook in terms of "3DS domination" and poor vita sales.

Up by 5% yesterday in Japan, and up by 6% in Japan today. It is helping, but there is more to it than the above.

On a side note, can't believe I am seeing the yen at 95.

Yea, 95 is amazing.  Pretty soon it might be at 100 or god forbid 110!  Actually, I like keeping it at 100 because it makes it pretty damn easy for conversions.