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Forums - Nintendo - Nintendo stock drops to its lowest in 3 years

c0rd on 01 September 2009
Destroyer_of_knights said:
Asriel said:
Yes, the Wii is doomed, and Nintendo will go bankrupt, just like they did when the Gamecube failed and the PSP was announced and was ready to take Nintendo's handheld crown from them...

Oh... wait a minute here...

Oh. I see. I see now.

Ah, you do realise that the gameboy essentially kept Nintendo afloat during the N64 and GameCube days right?

Also you speak as if PSP didn't affect Nintendo, but Sony's 1st entry into the hand held did a might fine job of  taking away about 31% of it's market share, remember before the PSP came in Nintendo all but dominated the hand held market with almost 100% market share...So I'd say Sony PSP took a good 31% of that crown.

This is misleading - do you think that the DS would have sold 51mil more had Sony not come out with the PSP? Each PSP sale does not necessarily mean a lost DS sale - this is not a zero-sum game. It's silly how you talk as if Nintendo's handheld space has weakened this gen due to Sony, when it's, well... the DS we're talking about.



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efestione on 01 September 2009

It's ironic thath the lowest stok of nintendo is higher than the MIcrosoft and sony ones



FaRmLaNd on 01 September 2009

Hasn't Nintendo's profitability slumped in comparison to the previous financial year? If so that would be a factor in the lower stock price.



amp316 on 01 September 2009

It's only a news story that Nintendo's stock dropped since it's been doing so well. There'd be an article on Sony's stock dropping also if that would actually surprise anyone.



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Soundwave on 01 September 2009

Actually even at today's rate of 33.5 per share or so .... that's still higher than Nintendo's stock has been at any point prior to the Wii-era.

The highest Nintendo's stock has been before that (going all the way back to the SNES days) was 2000 when it peaked at 27 per share, this was right around the time of Pokemon exploding in the West as well as Japan with movies, merchandise, the TV show, the games, etc.

So even right now their stock price, relative to their general history is extremely high. 

33.5 per share is nothing to scoff at (again its more expensive than Sony or even Microsoft stock), it's just not as high as 2007 before the stock market collapsed. The yen/dollar difference is hammering Japanese companies too. 



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Galaki on 01 September 2009

Nintendomed!!
Buried in all the monies in $100 bills.



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Wii_Master on 01 September 2009

so its 33.5 per share right now? then what was it before it dropped and do you guys think it will go back up? I do...



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MaxwellGT2000 on 01 September 2009

Sweet now I can actually afford Nintendo stock =D



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Alterego-X on 01 September 2009
FaRmLaNd said:
Hasn't Nintendo's profitability slumped in comparison to the previous financial year? If so that would be a factor in the lower stock price.

Not really, the profits are only down 2% iirc.



Ail on 01 September 2009
efestione said:
It's ironic thath the lowest stok of nintendo is higher than the MIcrosoft and sony ones

 

LOL.

Do people on this board even know that the price of a stock in itself means nothing ?

Price without amount of stocks issues means nothing....( a split doesn't make a stock worseless...)

So funny ah ah.

 

For the record, right now :

Microsoft market cap : 217.5 Billion$

Nintendo market cap : 34.3 Billion$

Sony market cap : 26.8 Billion$....

 

 



PS3-Xbox360 gap : 1.5 millions and going up in PS3 favor !

PS3-Wii gap : 20 millions and going down !