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Forums - Nintendo Discussion - Yahoo: The 'Wii Crash' of 2009

mike_intellivision on 21 April 2009
greenmedic88 said:
dougsdad0629 said:

I didn't read any of the other posts, so I don't know if anyone else said this, but here it goes.  There have been A LOT of articles like this on A LOT of different websites lately.  If Joe Consumer reads this often enough, he will believe it.  Even if it's not reality now, these articles have the potential to create that reality.

Most of the posts have been pretty much saying the same thing.

And yes, it's easy to dismiss all of these early warning reports if the only thing you're buying are games and peripherals (people seemed to have stopped buying Wiis for the purpose of flipping them on Ebay thankfully), but if you're actively holding NTDOY stock, this is just that: a warning. Ignore it only if you're feeling pretty omniscient about future trends and ignoring the mainstreet effect on investor confidence.

Those numbers paint a different picture currently. Down five points today, down six points last Friday. At the end of last month, it was sitting at just under $40; it's now trading at $31.39. That's reason enough for me to be concerned as an investor; not as a consumer.

Nintendo doesn't need cheerleaders right now telling them they can do no wrong.

What they need are strong indicators that they will continue to see growth over the next quarter as well as positive news that will sustain growth over the remainder of 2009.

Because the facts are, the only way anyone's been making gains from NTDOY lately has been by short selling the stock. And that's not good for Nintendo.

 

I would hold on to those Nintendo shares. According to Baron's, the stock has been oversold.  I take that to mean sold so much they are now undervalued, compared to the performance and predictions for the company.

http://www.reuters.com/article/companyNews/idUKTRE53I2BN20090419

Mike from Morgantown

 



      


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outlawauron on 21 April 2009
famousringo said:
averyblund said:
outlawauron said:

Well, I know it sold a few million because some of the EyeToy only games sold over a million.

It was supposedly bigger in Europe than in America.

Yeah it was a really nifty device. I loved mine. But sadly it didn't seem like a hit here in the US.

Wikipedia cites a Gamasutra article as saying the Eyetoy sold 10.5 million units by the end of 2008. That's pretty damn good for a peripheral. The only peripherals in the Eyetoy's league that I can think of are the original NES Zapper (which had lousy software support) and the balance board (which is crushing all previous peripherals under its iron boot).

Hmm, that's very interesting! It sold better than I thought!



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jkimball on 21 April 2009

I've thought this for a while now. I see the wii fans are in denial. How many super hyped flops will it take before they start to see the pattern? People *did* buy the wii for Sports and Fit!



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NJ5 on 21 April 2009
jkimball said:
I've thought this for a while now. I see the wii fans are in denial. How many super hyped flops will it take before they start to see the pattern? People *did* buy the wii for Sports and Fit!

Very insightful post.

It even explains why the Wii sells more software than the 360 and PS3 (even if counting 3rd party software).

 

 



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DrYon on 21 April 2009

Sony or MS surely have time to spend money on anti-Wii propaganda, even on recession days.



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sethnintendo on 21 April 2009
jkimball said:
I've thought this for a while now. I see the wii fans are in denial. How many super hyped flops will it take before they start to see the pattern? People *did* buy the wii for Sports and Fit!

 

Which hyped flops are you refering to?  Be sure to list a game that has been out for more than 6 months.   If you are referring to Madworld you will see that it will at least sell 1 million lifetime.   If you are referring to Deca Sports 2 then I wasn't even aware of the hype.  Many people called CoD:WaW for Wii a flop and it is now well above 1 million.



Alby_da_Wolf on 21 April 2009

I think antitrust must prevent MS from buying Yahoo, with such brains Ballmer would become teh Master of teh World, or even of teh friggin' Solar System!!!



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averyblund on 21 April 2009
jkimball said:
I've thought this for a while now. I see the wii fans are in denial. How many super hyped flops will it take before they start to see the pattern? People *did* buy the wii for Sports and Fit!

 

Every system has had tons of flops this gen. The difference is that a Wii flop might cause a bad quarter,  or get a few people fired. While an HD flop will annihilate an entire studio nad it is looking like HD gaming may destroy some big name publishers in the next few years. I mean look at Take 2, they are pretty much an HD house with one of the biggest franchises in gaming and guess what? Their fucked. So who is destroying gaming now? The system with some shovelware and a lot of new gamers, or the ones that are bankrupting the industry?



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L.C.E.C. on 21 April 2009

lol@ how long this thread has lasted...




sethnintendo on 21 April 2009
Alby_da_Wolf said:
I think antitrust must prevent MS from buying Yahoo, with such brains Ballmer would become teh Master of teh World, or even of teh friggin' Solar System!!!

 

No, Yahoo prevented itself from being acquired by Microsoft (pretty sure the CEO rejected the deal thinking he could get more money) then Yahoo tried to lower the price and Microsoft was not interested.