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[Machina]

http://gadgets.ndtv.com/games/news/...ts-after-nintendo-switch-price-reveal-1648406

Nintendo announced the Nintendo Switch today at an event in Japan. Sporting a $299.99 price and a March 3 release date, along with a bevy of games, there seemed to be just enough to make Nintendo fans and newcomers bother with its latest console. Shareholders however, thought differently.

Nintendo stock is down by 1,465 points or 5.81 percent on the Tokyo Stock Exchange after crucial information on the console was announced.

ALSO SEENintendo Switch Price and Release Date Announced

This should come as no surprise. Prior to the Nintendo Switch event, several analysts and industry experts claimed that a $300 price would kill the console.

"A long-in-the-works revamp to the company's consoles -- the NX, with reveal coming next week -- is liable to come at a price that will result in a "major" disappointment for volume sales, the firm Macquarie says," according to a post on investor website Seeking Alpha. "Speculation is putting the price of the new console between $300 and $350, in line with competing consoles, vs. the Wii's former discount to rival boxes from Sony and Microsoft."

ALSO SEENintendo Switch Is Region-Free Nintendo Confirms

During the launch of Super Mario Run shareholders pressed the sell button on Nintendo, which tumbled 4.89 percent to JPY 26,225 ($222) by the break - wiping almost $2 billion (roughly Rs. 13,561 crores) off the firm's market capitalisation.

I think the shareholders are as tired as everyone else with the gimmicky shit.

 

[Daphnes Nohansen Hyrule]

DOOOOOMED

 

[Dystify]

http://www.neogaf.com/forum/showthread.php?t=1333387&highlight=

 

[Ibuki]

I think the shareholders are as tired as everyone else with the gimmicky shit.

Shareholders want them to go mobile only with IAP for everything.

 

[Sinfamy]

Invest now, sell during the inevitable fake shortages.
Cause it's downhill after that.

 

[Bitch Pudding]

DOOOOOMED

Is this the official Nintendo is doomed thead or is there another one?

 

[Nosgoroth]

What was it? Buy on rumors, sell on news?

 

[KraytarJ]

Is this the official Nintendo is doomed thead or is there another one?

They all are

 

[VeryGooster]

Not surprised. These games aren't on a mobile device and they'd expect Nintendo to charge like $5-10 for extra Splatoon color ink or something.

 

[Kouriozan]

Joe was right

And it's always buy on rumors sell on news with Nintendo, so hardly surprising.

 

[Hari Seldon]

Shareholders want them to go mobile only with IAP for everything.

If this under-powered 5 year old cell phone with waggle is the best they can do, they should abandon hardware.

 

[Cheebo]

Nintendo shareholders want them to be mobile only free to play IAP.

 

[DomsPlaying]

Its stock was up more than 51% in 2016. Its best performance during a calendar year since 2007.

There's going to be profit-taking by investors at times, and this is as good as ever with a lackluster Switch event.

The world isn't ending.

 

[bomblord1]

Stocks always drop after hardware announcements

 

[FZW]

Joe was right

And it's always buy on rumors sell on news with Nintendo, so hardly surprising.

The rumors tend to be much more promising tbh

 

[woodland]

Nintendo shareholders want them to be mobile only free to play IAP.

I believe this is more in reference to the $300, not $250 price. But yea, considering they left a ton of money on the table to "make people aware of their brand" I can see why you don't want to own their stock at that price.

 

[LambdaTeos]

Is this the official Nintendo is doomed thead or is there another one?

every thread with the word "Nintendo" in it is an official "Nintendo is doomed" thread... since a few years ago

 

[Koppai]

Well they dumb considering its sold out so far everywhere...

 

[Guevara]

Buy on rumor, sell the news

 

[Finale Fireworker]

I have never heard the phrase "copped a belting" and didn't know if it was good or bad.

 

[SporeCrawler]

The rumors tend to be much more promising tbh

thats why they are rumors

 

[The Hermit]

I am actually thinking about buying shares now

 

[Conciliator]

several analysts and industry experts claimed that a $300 price would kill the console

I assume this means GAF

 

[onemanasylum]

Well they dumb considering its sold out so far everywhere...

You know that means nothing right?

 

[Metal B]

The stocks of Sony and Microsoft mostly don't fall as strong as Nintendo's after an announcement, because they are involved in more then one business branch.

 

[Corronchilejano]

I'm glad there's a thread telling me Nintendo is doomed after their latest move. We never get these types of threads.

 

[Buggy Loop]

If this under-powered 5 year old cell phone with waggle is the best they can do, they should abandon hardware.

Wut

Show me those portable hardware that can play something like Zelda Botw?

 

[Chindogg]

http://gadgets.ndtv.com/games/news/...ts-after-nintendo-switch-price-reveal-1648406

I think the shareholders are as tired as everyone else with the gimmicky shit.

Buy on speculation, sell on news. Nothing's changed here.

 

[Interfectum]

Buy on rumor, sell the news

Sell on this news for sure. The full reveal was abysmal.

 

[Matt]

I think the shareholders are as tired as everyone else with the gimmicky shit.

I think it's really funny that you think you and the shareholders share any of the same ideas about what Nintendo should be doing.

 

[dallow_bg]

Joe was right

And it's always buy on rumors sell on news with Nintendo, so hardly surprising.

Real bold prediction. Lol.

 

[Broken Joystick]

Joe was right

And it's always buy on rumors sell on news with Nintendo, so hardly surprising.

Nostradamus.

 

[kevm3]

To be honest, the console looks like a dud, but maybe if Nintendo releases a new pokemon on it, it'll sell like hotcakes.

 

[spyroflame0487]

Joe was right

And it's always buy on rumors sell on news with Nintendo, so hardly surprising.

We ought to ban stock dropping shit. It means nothing because it always happens when companies reveal new products. It's not something special to Nintendo either, the same thing happens to Apple.

 

[Seik]

Is this the official Nintendo is doomed thead or is there another one?

All Nintendo threads are DOOMED threads! :lol

 

[topplehat]

Most predictable thread of all time.

 

[Gamer @ Heart]

Are you new OP, or did you miss every single thread like this from the past 10 years?

 

[Galang]

This thread happens every time Nintendo announces anything lol

 

[Gotdatmoney]

This is normal. That said if this is Nintendo going all in then I actually finally agree that they should abandon hardware.

 

[Duane Cunningham]

every thread with the word "Nintendo" in it is an official "Nintendo is doomed" thread... since message boards came into existence, and in magazines and on playgrounds before that.

fixed

 

[killroy87]

If I was a shareholder, I wouldn't have been happy last night either. Even as someone excited for the Switch, that was a train wreck of a presentation. It did a lot to completely undermine the goodwill from the October trailer and Fallon.

 

[Jack Videogames]

Happens to Apple, happens to Sony, happens to every publicly traded company ever after the reveal of major news. It's people selling trying to make a profit of the news and offer and demand working its thing. Non-news.

 

[serenewarfare]

They could have made NeoGAF the happiest place in the world last night with new Metroid, Mother 3, Bayonetta, and tons of other big games and the stock still would have dropped.

Investors sell after press conferences that have big lead up.

 

[Wandering Robot]

This is normal. When will people stop acting like it's not normal.

 

[PrimeBeef]

Joe was right

And it's always buy on rumors sell on news with Nintendo, so hardly surprising.

It's not just Nintendo. That is how the stock market works. It's too hyperbolic.

 

[PrimeBeef]

This is normal. When will people stop acting like it's not normal.

This is the internet. People get shocked over stuff that's been known for 20+ years.

 

[Usobuko]

It falls that much because it has risen irrationally in the first place.

Pokemon Go and Super Mario Run demonstrate Nintendo IP strength but not much in long-term business model that warrant a bump that is more 1.5x value of Supercell ( 3-4 super hits ) ~10 billions valuation.

 

[kirby_fox]

Well they dumb considering its sold out so far everywhere...

So was the Wii U.

I'd bet a lot of these are scalpers thinking they might turn a quick profit. Only to find out, no one cares to spend that kind of money again.

 

[evilromero]

To be honest, the console looks like a dud, but maybe if Nintendo releases a new pokemon on it, it'll sell like hotcakes.

Nintendo Switch showed a lot of promise with its October video reveal but last night just killed that hype and momentum. Honestly, Nintendo should have just showed a produced video online and kept the press thing non-streaming. Damn. My enthusiasm plummeted so fucking fast.

I actually feel bad seeing how awesome Mario Odyssey looked and thought it was going to be featured on a console that would possibly bomb out by the time it releases.

 

[Sword Of Doom]

Nintendo Switch showed a lot of promise with its October video reveal but last night just killed that hype and momentum. Honestly, Nintendo should have just showed a produced video online and kept the press thing non-streaming. Damn. My enthusiasm plummeted so fucking fast.

I actually feel bad seeing how awesome Mario Odyssey looked and thought it was going to be featured on a console that would possibly bomb out by the time it releases.

Yeah they convinced me not to get one with their pricing, paid online, and lack of games. Nintendo acts like a premium brand like apple but they don't have the sales to back that up. They sort of have their heads up their asses