Jan 23rd, 2014

nintendo-stock-stab

Last week Nintendo saw a sharp decline in its stock value to the tune of 18% after it slashed sales forecasts. Now the stock seems to have stabilized and is only a dollar or so less per stock than before the announcements. Before the announcements last week, Nintendo stock was trading at around $17.60 per share, while a close look at it this week shows it’s trading at around $16.40, which is only $1.20 less than it was a week ago. The stock has risen steadily over the last few days.

local_offer    Nintendo  nintendo sales  nintendo stock  wii u  
  • Aztecninja

    Happy to know that the wiiu is stable and will start to pickup in sales anymore

  • long_dong_donkey_kong

    Somehow, I’m not expecting the “Nintendo’s Stock Stabilizes” to be the top trending Nintendo story in the same way “Nintendo is doomed” took off last week.

    • The Clockwork Being

      Mostly on IGN. leave it to them to report all the bad but none of the good

      • MujuraNoKamen

        Sad but true. You know the past few they’ve released compilation videos for “Biggest PS4/XBO/PC game coming 2014” yet they haven’t done one for any Nintendo platform. Not even 3DS even though it’s the best system out right now, they’ve done one for Vita though – Biased much IGN?

      • long_dong_donkey_kong

        There was a lot of people (mostly obscure blogs or sites that sometimes cover technology, but are not gaming sites) patting themselves on the back because they predicted the Wii U was doomed when it wasn’t selling well 10 months ago and now anything that supports their bias is treated as an indisputable fact. IGN seems to put more resources behind the other systems, but I don’t think they’re anti-Nintendo (their founder is very pro-Nintendo as he appears on their Nintendo podcasts).

        • greengecko007

          The “Nintendo is doomed” comes from insecure fanboys that disregard any article showing a minor speed bump or criticism of Nintendo. While there are wannabe bloggers that do fuel the “Nintendo is doomed” fire, actual gaming websites like IGN report on facts and even things like “Does it matter if the Wii U fails?”.

          I always laugh a little when fanboys proclaim IGN is anti Nintendo. Is that why they rate Nintendo IPs higher than Sony or Microsoft franchises?

      • crocodileman94

        At least they’re better than Gamespot.

  • The Clockwork Being

    Hey maybe investors know something we don’t ;). I think I read it on IGN but people were saying the drop in stock was only the beginning to Nintendo’s downfall and the stocks would keep going down. Looks like their hopes have been shattered.

    Now Nintendo give even more hope to the investors with the 2014 games of this year. Maybe even a Nintendo Direct!

    • andrewjcole

      I’m pretty sure in the last many years of Nintendo, or mind you, any other company, stock will go down sometimes. I’m pretty sure IGN-ers will look for any chance to call Nintendo’s doom.

      By the way, when it comes to Nintendo, IGN is crap.

  • Michael DeVore

    Less than 12 hours is hardly stable. It was stable on the 21st too. It’s unstable because of China opening up, and their poor announcement about sales. The market clearly can’t handle good, and bad news at the same time.

  • InterTreble

    I suppose there will be no news about that tomorrow, all around the world and all around the web, as it happened last week… This is the difference. People who deside to see Nintendo’s death should begin to ask themselves what a poor life they are living…

    • This isn’t anything new – Nintendo has been *doomed* for eons; despite being the financially biggest video-game company for EONS as well.

  • And you better believe only a fraction of the mass amounts of websites who blew this WAY out of proportion; calling “NINTENDOOOOOOOOOOOM!” all around – will actually have the gall to post this news.

    Bad news travels fast; while good news moves slower than stick of melting butter down a hill. … Pitiful

  • mojack411

    Although this is actual data and does have some merit, I tend to only look at stocks over a 3 month span. The past 3 months Nintendo’s stocks have been relatively stable. They had a sharp rise in the beginning of the this month followed by this sharp fall but now it’s pretty much back to what it used to be. We’ll just have to wait and see if this stability persists now.

  • Donaald
  • . . .

    • Mario

      NO END!

  • Ian Settlemyer

    I think the next Nintendo Direct will reveal two characters for Super Smash Bros. 4; one veteran and one newcomer.

  • Carlos Coronado

    I bet they won’t announce this at IGN, Gamespot, Machinima
    or even Screw Attack.

  • Squid

    Not a big deal. Nintendo is doing good.

  • Brandon

    Now if they can do something about the wii u.

  • Dark-Link73

    The reason why Nintendo’s stock dropped last week it was because of the stock market “rats” who jumped ship when Nintendo announced its change on the sales forecast fore the end of the fiscal year. Now Nintendo stock is going back up thanks to real investors who know that Nintendo is still a very strong and solvent hardware and software company. These “real” investors are the smart ones because they know, and apply, the first rule of the stock market: Buy at a low, sale at a high.

    When Nintendo stock plummeted last well I really wished I had a few thousand dollars to buy a few hundred shares because I knew Nintendo stock would recover. Sucks to be “poor”, lol. πŸ˜‰

  • Skelterz

    im thinking they have calmed major stockholders with solid titles along the way nintendo have been in the game for around a 100 years now and by what iwata said the other day he don’t wanna play second fiddle to sony and microsoft no more he wants to win

  • Barters

    I’m a Nintendo investor holding in my hand a letter from Iwata at the beginning of last year saying that if Nintendo didn’t turn a profit during the 13/14 Japanese Fiscal year (March to March) that he’d be resigning.

    Where is your resignation Iwata? You’re praised as a genius……..but my belief is is there are a bunch of dudes at Nintendo with the good ideas, and you’re not one.

    • greengecko007

      He was praised at HAL as a genius programmer. I think that is where he belongs. Nintendo needs a president that is more assertive across the board. A president should be able to confidently say that marketing has been great, hold developers to tentative release dates (how many Nintendo Wii U games have been delayed?), and most importantly, bring in a profit, something that hasn’t been happening recently under Iwata.

      • Deadpool U

        What Wii U games have been delayed?

        • lobotheduck21

          pikmin and W101

          • Nintenjoe82

            Lego City

        • Graeme Lynch

          Scribblenauts for EU, DK freeze.

        • greengecko007

          Pikmin 3, Wonderful 101, Wii Fit U, and Donkey Kong immediately come to mind as games from Nintendo that got delayed. There’s also several 3rd party titles that were/are delayed, although that is not within Nintendo’s control.

          It’s been an ongoing thing whenever Nintendo sets a release date for fans to think “if it’s not delayed”. Maybe this is why we still don’t have dates for MK8 or SSB4.

    • Shadao

      He never said that. That’s a misinterpretation by analysts and investors.

    • Agent721

      I am a long term video game investor, and I also love Nintendo. I’ve own Activision, THQ, Take Two and some cell phone game makers. I’ve never bought Nintendo as they are too concerned with employee stability than shareholder value. Simply put, they are not shareholder friendly and have never been. Due to that and despite my life long love for their games, I’ve never bought their stock. I advise you to really look why you’re investing…for the love of Nintendo, or for money? IMO, Iwata should be fired and Nintendo should be sued by its shareholders.

      Missing sale goals by a whopping 60% means one of two things. They are either totally incompetent in projecting their own sales or they flat out lied about it. This is not a company I would want to invest in until 1) there is a management shakeout and 2) the stock plunges closer to $10.

      Good luck to you and as a fan, I truly hope I’m wrong and that they and the Wii U rebound. I’m currently long TTWO and GLUU.

      • This is why Nintendo will succeed and win in the long run, because they care about more things than just quick money. They are making goods which will last for decades and they earn respect. That being said they also got more money than the “departments of game industry” in Sony and Microsoft.

        Remember, Nintendo is the only company out there who are doing strictly games ONLY, devices and software – actually been doing that much longer than any other company. The other two make whatever random stuff to earn a buck. They also copy most ideas from Nintendo.

        Don’t you think the innovative and unique approach of Nintendo will pay off – or that they don’t know what they are doing? You are blind if you see only things from the short term perspective. Ignorant if you can’t see the importance of Nintendo in the gaming world as a whole.

        • Agent721

          I’m neither blind nor ignorant. I was gaming before the NES even came out and my first Nintendo product was a game & watch handheld in 1982. I have met Shigeru Miyamoto. I guarantee I know the company much better than you do. I never once said I have or would invest in MSFT or SNE either. I love Nintendo, I love their product, but investment wise, sorry, they’re are way better opportunities out there.

          EDIT- AT least until the stock goes down and there’s a management shakeup. Nintendo’s greatest asset is its legacy and its brands. The current management is quite frankly pissing on it and has no idea what they’re doing. Nor do they listen to what gamers or investors want. That’s a combination for sure failure. And on a personal note, I love my Wii U…but clearly, you & I are in the minority. I wish it wasn’t so, but there’s no point in denying reality.

  • Nintendo’s stock may end up all over the place this year. While people will jump ship at financials, others will jump aboard by looking at the upcoming titles… lol

  • crocodileman94

    I sure hope you guys bought some stocks during Jan 17.

  • Jon

    so… even thought the stock dropped… within three days, it jumped back up half of what it fell when… and they were already up in the first place when it dropped… so really overall, it didn’t drop, it just lost a little bit of the gain it had gotten.

  • Sam

    Nintendo is doomed my eye.

  • starwars360

    Nintendo always made comeback anyway. I just f***ing cannot wait for major of Wii U titles releases this year and start with Donkey Kong Country: Tropical Freeze!!!

  • The Clockwork Being

    NIntendo Direct incoming!

  • Diaz

    I strongly believe that Nintendo should buy Sony’s video game division and just put that company out of its misery.

    • Brandon

      What are you talking about playstation is doing great right and has always been.

      • InsaneZucchini

        You must not be paying attention if you think that. The Playstation 3 failed to be sold for a profit for years. Sony had to sell off major buildings and shut down more than 5 game development studios just to get out of the red.

        The entire company is in trouble, or at least it was. Playstation 4 seems to be doing pretty well right now. But there’s a reason that just a few weeks ago it was said that Nintendo is worth more than Sony even though Sony is a larger corporation that includes television, movies, and music electronics, etc. while Nintendo is strictly a gaming company.

        The Playstation 4 is their great hope to turn things around, and it might just be able to do that if it can continue to sell well. Otherwise they may end up in some dire straits.

    • X3Charlie

      Part of me wishes we could have Sonytendo (or Nintensony?) so we could just have the best of both companies, but in reality there’d be a loss of competition and that could just end up worse for us consumers.

  • GregoryTheRainMaker

    People exaggerated this …typical. When Nintendo’s stock goes up they vaguely mention it..lol.

  • Rinslowe

    Yay!!! Now we can all go back to the games… lol.
    Financial gymnastics goes with the territory. Still, it’s getting all a bit much these days…

  • Josie the Sketcher

    Thanks for posting a bit of positive news. All these biased news articles are making me…

  • Agent721

    If the stock falls below $10, and believe me that it might if they don’t announce something big…back up the truck & load up on shares. I know I will. When people truly believe it’s over for Nintendo, that is the time to buy.

  • nf_zeta

    lol with that sort of stuff flux i wish i could have dropped a few thousand into Nintendo stocks before the announcements then sell all when it rose then buy back less after stabilize :D, you know just to say i have Nintendo stock. and also as a just in case when the 1st party titles come.

  • Mithiragi

    Is there a direct for this month?

  • Emily Horton

    I think it went something like this:
    Nintendo: We think we’ll sell…a lot less than we thought…
    Investors: OMG NINTENDO IS DEAD SELL SELL SELL
    Other Investors: OMG NINTENDO STOCK IS CHEAPER NOW, BUY BUY BUY
    And the market price balance itself out, with Nintendo just having new investors.

    Of course that could be completely wrong…But I think it sounds cool that way.

  • I am Error.

    Cool! Now back to business:

    • Nintenjoe82

      Don’t lie, there’s only one person in that department πŸ™‚

    • NyallJodhan

      I beg to differ: ;p

  • Rodger Jamjet

    Maybe a Nintendo direct … Maybe? What happened with the next major system update? Maybe the announcement of the fusion DS/terminal? Whatever happens I’m very happy with my WiiU but super exciting for the fusion project!

  • Arthur Jarret

    Hm, I personally think stock and market announcements on gaming-focused websites make as much sense as:

    https://lh4.googleusercontent.com/-IUh6kJ04ZJk/UnF-irjEjHI/AAAAAAAAR0Q/46caM1Z3yhQ/w346-h260/237_yYrmiFH.gif

    Great news, though.

  • Nintendo Dragon

    I really need to buy some stock in Nintendo.

  • gameconomist

    Just a comment on what happened that very day. Due to the sharp fall of 18% of the stock price of Nintendo the stock got underpriced for several hours. Investors were willing to buy the stock immediately and as a reaction the stock went 12% up again. If you so much believe in Nintendo you could have made 12% of profit just in one stupid day.

  • Josie the Sketcher

    This article says exactly what I feel about people dissing the Wii U

    http://www.nowgamer.com/features/2246174/nintendo_isnt_the_problem_you_are.html

  • Aleks

    Oh yea?

  • Troll Police

    Please remove your hands from your keyboard and place them on your head. Thank you.

  • Cahone

    I sold my nintendo stock at 8.5$/sh last year, Nintendo has had a shit year and still loss. That the stock is up to 17$ is a joke. It’s not worth it, just like nintendo.