News Article

Nintendo’s Stock Drops 7.5%

Posted by Damien McFerran

Falling Wii sales to blame

Following the news that Wii sales were 17% down on this point last year, the value of Nintendo’s stock has plummeted by 7.5%.

It’s hardly a shocking plunge but considering the general shoddy state of the global economy at present it certainly could have been a lot worse.

[via kotaku.com]

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User Comments (31)

greyelephant

#3

greyelephant said:

@Bahamut ZERO

Actually now that global warming has been proven to be downright silly, they call it "climate change" now. Oh, poor Nintendo, only if we didn't leave such large carbon footprints! :P

JRAPOCALYPSE

#5

JRAPOCALYPSE said:

I blame nintenedo for releasing crap! it's time to step up with the big boys and release games more aimed at adults.

KDR_11k

#6

KDR_11k said:

It'll go up once they release some new games again. They've not done much lately.

I blame nintenedo for releasing crap! it's time to step up with the big boys and release games more aimed at adults.

Crap? They haven't released ANYTHING lately, that's the problem! Besides their games are aimed at adults, just not wannabe adults who think "mature" means swearing and violence.

Actually now that global warming has been proven to be downright silly, they call it "climate change" now.

They've always called it that provided with "they" you mean the scientists who research the subject, not the media that will make a doom scenario out of every random comment a scientist makes.

AVahne

#7

AVahne said:

Nintendo isn't releasing anything right now because they're WORKING ON IT! besides they have new play control that WILL keep people busy for a little while.remember that Nintendo tends to sometimes keep away information for bigger games. and hey,E3 is coming up and they promised a whole better show than last year

Bahamut_ZERO

#9

Bahamut_ZERO said:

@JRAP: You do realize Nintendo is releasing only greatness. Galaxy, Punch-Out, etc. Sure, you could argue they screwed up on Wii Fit and Wii Music, but that's only 2 games. All the crap comes from 3rd party developers looking to make a quick buck by releasing Imagine Babyz, Carnival Games, etc.

@KDR: Agreed on the "violence and swearing." About 90% of males in my school play video games, but only "Halo and Madden" and anything else (including Mario and Little Big Planet) "suck because there is no blood or shooting." So when people see MadWorld they go "Wii is finally getting a hardcore game!" but they dont realize Mario, Zelda, etc. are hardcore adult games.

*Note: My use of the word "hardcore" was meant to mean "non-casual" games.

Wiiloveit

#10

Wiiloveit said:

You know what would help Wii sales? If they upped the price £20 in the UK. Yeah, that oughta do it.

warioswoods

#11

warioswoods said:

@Bahamut ZERO, KDR

Yes. Unfortunately, ever since roughly the PS1 era, an increasingly large (and increasingly stupid) segment of the gaming population has falsely equated maturity with a high ESRB rating. That's the biggest threat to innovation in gaming, if you ask me, far more so than shovelware or anything else.

Being mature means being able to enjoy the sheer inventiveness of a game like Mario Galaxy even though you're playing as a fat plumber who runs like a toddler in a cartoon world. Only faux adults need things to be gritty in order to feel grown-up.

LinktotheFuture

#12

LinktotheFuture said:

I bet after Punch Out Wii, Wii Sports Resort, and Excitebots, Nintendo's stock will go up, and then it will go up again for this Christmas season. They are still making a ton of money, so I don't think they are worried, this is probably a good time for investors to buy some Nintendo Stock.

CorbsAdmin

#13

Corbs said:

Is it too late to change the name of the site to MicrosoftLife? :P

The_Fox

#14

The_Fox said:

@post 9:
"You do realize Nintendo is releasing only greatness. Galaxy, Punch-Out. etc."
Um, as far as I know, Punch-out hasn't been released yet ( I can only assume you're talking about the Wii version) so calling it "great" seems a wee bit premature, wouldn't you say?

Bahamut_ZERO

#15

Bahamut_ZERO said:

@Corbie: No, but then you would lose all of us and have to deal with "Halo and Madden" players who think you suck and are stupid for loving shumps and hating FPS :D

Popyman

#17

Popyman said:

Nintendo's games are NOT aimed at just adults. They make games for everyone of all ages, there is a difference.

CorbsAdmin

#19

Corbs said:

We had to expect sales to slow down once supply finally caught up with the huge demand for the console. It's still hard to believe how long the Wii was scarce at retailers. I think this is just a bit of panic and will likely pass. :)

KDR_11k

#20

KDR_11k said:

Is it too late to change the name of the site to MicrosoftLife?

Maybe then you could help me finally find some games worth playing for the 360.

No, but then you would lose all of us and have to deal with "Halo and Madden" players who think you suck and are stupid for loving shumps and hating FPS

Pfft, Halo fanboys think shmup and FPS are the same genre.

Rm88

#21

Rm88 said:

They better do something about it. Like, releasing awesome first party games just like they did with N64 and GCN ^^

Lotice-Paladin

#22

Lotice-Paladin said:

Very ironic eh? They finally have enough stock to go round and this happens.

It makes me wonder if they knew of the downturn before it actually happened.

Either way, this is some good news to us gamers because it's a wake up call to make games around this period (half way though this era or slightly before that).

Meh, 7.5% isn't so bad considering they may have made about 130% profit or something (a wild guess but I would consider that the price staying put while the manufactoring costs go down is a factor) from the Wii from the past two and a half years.

At this rate Nintendo shouldn't worry as they've achieved their goal as far as I'm concerned :).

Bahamut_ZERO

#23

Bahamut_ZERO said:

@KDR: There's a ton of great 360 games. I own a 360, and use it more than the Wii (for Online with friends, in terms of single player,I spend much more time on Wii). I personally am a Halo fan (online fails though, Custom Games FTW!), but I turn mic off on the rare chances I go online to avoid contact with the idiotic fan base.

@Corbie:ShumpLife. Its quite catchy, I like it :)

The_Fox

#24

The_Fox said:

@post:21 KDR_11k
Yeah...actually the 360 has plenty of games that are great. And I wouldn't be too down on people whom wouldn't know what a "shump" is. It's a rather obscure (dare I say nerdy?) term, and I bet most gamers aren't going to know what the heck one is.

CorbsAdmin

#25

Corbs said:

Shmups will always be shooters to me. And no, you dare not say nerdy. :P

StarDust4Ever

#26

StarDust4Ever said:

I really don't think that 7.5% is a big deal. I haven't actually looked at the numbers, but I'd bet their stock is still bucket loads higher now than it was during the Game Cube era. I think for a while, Nintendo was making more money on sales from GBA games than they were Cube games.

Not to mention that Sony and Microsoft are STILL losing money on every hardware sale they make :D

TwilightV

#30

TwilightV said:

You know, Nintendo systems accounted for more than 50% of game hardware sales for the month of March. Considering that this was right before the DSi's recent launch, it makes me wonder just how well Sony and Microsoft's Game hardware sales are doing...

Sean_Aaron

#31

Sean_Aaron said:

One thing being forgotten by analysts going "ZOMG! %17 down on sales this time last year!!11!!" is that SBBS was released last April; there has been no similar megaton title this quarter.

A little perspective goes a long way. This is why I hate the stock market: very little logic factors into decision-making on the part of analysts and investors...

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