Nintendo's Stock Price Sees Biggest Fall In Two Years Following Earnings Report

Did you intentionally pick the most depressing image with the most muted colour palette ever to accompany this article? The guy looks like he's playing in an abandoned building.

Means nothing other than a correction of last years lucky performance with the lock down.

If you look at the graph, it was going up until around the 15 June, that was when the Direct was released. No coincidence I think.
Everyone got depressed that the OLED model is just pointless and not really an upgrade at all, and there was only one game that looked any good (Metroid obvs)

Oh no the Nintendo Switch is doomed, the horror...

This bloomberg. Getting back at Nintendo.

"Nintendo will have another tough time ahead in the July-September quarter, which could be worse than the April-June period."

Nintendo outperformed all competitors during april-june and will probably do so again in july-september. Wording it as 'it could be worse' is just pathetic.....

I still have faith in Nintendo, I’m seeing this as the quiet before the storm very much so, considering they’re buying back their shares, it’s a good position to be in, watch this space!

They really need some more big first party titles.

I will never understand investors... I mean, Switch has sold ALMOST 90 MILLIONS, damn it. It's just crazy. Of course it can't maintain the numbers the last year got, but that's simply impossible (lockdown + Animal Crossing...).
Look at two years ago, however, it's behaving so much better than then! It will sell around 25 million units this fiscal year. What do investors want, I wonder...?? Impossible to understand.

@Bunkerneath This guy gets it. Personally, I gave my Switch to my son after the OLED announcement. I had to walk away from Nintendo for a bit. And no; I don't feel like I was owed anything as a consumer. What I wanted and what I didn't get is my own problem, but doesn't mean I have to agree with the direction Nintendo is going. Obviously I'm still here keeping up with the gaming news. But, yeah. I'm done with them as a company for a bit.

@the_beaver Investors want growth. They don't want to see numbers maintained, they want to see numbers grow. When they don't, investors look at other opportunities.

Remember, kids, share prices can go down as well as up.

@Bunkerneath Only one game looked good? How dare you, sir! How very dare you!

(hee hee)

Many Japanese investors got high off of last year's pandemic lockdown + Animal Crossing-fueled sales and expected a near-exact repeat for this year.

@Bunkerneath
Switch OLED model wasn't even unveiled until early/mid-July lol.

Investors also don't care at all about Metroid. They only care huge titles that sell the most, which Metroid isn't one of.

How is this a problem for Nintendo? Sorry if I come off as an idiot but they're making huge profits right now, is it really that important that their stock price stays high?

If the shortages are hurting the Switch stock, why isn't the Sony and MS stock MUCH lower?

I don't have any respect left for Bloomberg. They perpetuated that rumor about Switch Pro.

Lack of big selling exclusive titles on the horizon crossed with Nintendo's current practice of price gouging and poor online service has obviously started to have an impact on stock pricing.

A lot of people have become very disillusioned with Nintendo and its starting to show.

@Vegeta937 Why? It's not like they're doing anything different compared to previous years / decennia?

@Mr-Fuggles777 - Uhhh, no. Investors en masse aren't common consumer keeping up with the pulse of what's popular. They didn't see a new "Mario" or BotW2 releasing this year and decided to dip out cause they wanted the good, endless times to continue.

@Bunkerneath - I doubt most investors know much of "Metroid" when they could of had another "Mario" that would sell endlessly.

So I doubt they have faith in that as much as investors have faith in Crash over annual CoD from Activision. Their stocks dropped when they don't announce more CoD. Most investors want what THEY know sells, not what WE know sells.

Which is one reason I do believe the common people need to be in stocks far more than just meme.

@Mr-Fuggles777 Don't know what you're talking about. Mario Party superstars will easily outperform any Playstation game in game sales.

It's just that investors have the feeling they can get their quick bucks somewhere else for the next few months. They'll return at the start of next year when BOTW2 gets a release date or tighter release window. Just the way investors work. quick bucks. Nothing else.

However you want to slice it the OLED model does show that Nintendo are expecting to tread water for the next year.

What people don't seem to grasp is that share prices go up when investors have confidence for the medium to long term. Sales are high now? Well ok. But what will they look like in 2022? 2023?

We don't know. Which is a bit of a risk if you're putting money on the line. Agree with the idea of a Pro or not, a Pro would've given investors some idea of what the next few years would look like. Without the Pro, well, we don't know

However disgruntled I get with Nintendo at times, I always remember that there are thousands of employees working hard on games that I will eventually love and make me feel like a kid at Christmas again, that is the magic of Nintendo. I would love more first party games more often but those game take time and I appreciate the work that goes into them.

@Mr-Fuggles777 investors care about none of those things, many of them will have a brief read of the earnings report and forecast in much the same way they would for a gas or shipping company.

Metroid, OLED, BotW 2 'delayed'...all entirely irrelevent.

Although it's been close you just can't realistically release games that sell 20-40 million every single year.

Though I think Mario Party and Pokemon will probably give the Switch a much stronger Christmas than last year which just had Hyrule Warriors.

And Pokemon Legends in January.

We are at the point in Nintendo’s hardware cycle where first party hits cruise control because they are secretly working on the next thing. As soon as they started on the Switch, the Wii U titles vanished except quick releases, finishing projects and the swan song title (that was years overdue). The same thing happened with GameCube and the Wii.

Investors are oblivious to this for some reason even though there is a very well established cycle that goes all the way back to the NES to SNES days. Either that or smart investors are clued in and attempting to manipulate the market by prey on those that aren’t. At the end of the day to day stock prices rarely reflect reality.

Nintendo should really release VC for a steady steam of income when not releasing a big AAA title.

Easier for Nintendo to buy even more of it's own shares back then I guess.

Nintendo is probably glad with this, since they wanted to buy their shares back.

It's the believe of perpetual growth, that isn't rooted in reality, that investors are interested in. When a company still makes profit, but not as much as last year they are believed that the invisible hand of the market will rain doom on them. We, mere humble consumers, may not believe in this vengeful invisible hand-God of the market. Of which bloomberg is its prophet and the investors its disciples.

@Mr-Fuggles777 Not sure if that's the case, but would be a good wake-up call for Nintendo.

@Vegeta937 Completely agreed. I don't want to give Nintendo any money till I get a reason to, and that applies to indies I used to buy on Switch. Unless there is a clear roadmap ahead for a better performing Switch and what other first party titles are planned ahead, Nintendo gets very little to no money from me. As it stands, the current Switch can't maintain 720p 30fps on indies and BotW2 is the only first party game ahead that interests me.

Nintendo had ridiculously high profits last quarter, of course it was going to dip, especially after the lockdown was over in some countries. And the "disappointment" of the lack of release of a Switch pro probably helped, even though time and time again Nintendo said they weren't going to release it, so disappointment generated from lack of confirmation on false rumors, amazing.

@sanderev For Microsoft, the massive variety of platform options to play Xbox games on whether natively or xCloud means Series X stock issues mean very little in terms of being able to buy Xbox games and subscriptions (XB1 family of devices, Series consoles, PC, smartphones, tablets, etc.).

Meanwhile with Sony it's probably because the vast majority of the big PS5 games like HFW, GT7, GoW sequel all coming to PS4 so you don't need a PS5 to play them. Also branching out further like Sony acquired Nixxes which means more PC ports and Sony has also announced venturing into the mobile space (investors love mobile).

@Meteoroid
Pretty sure that's what some fans have been saying for the last 2 years.
Still I have Advance Wars Reboot to look forward to.

Good. Nintendo has been complacent for 2 years. The only way they know how to get off their asses is to feel their profits tumble.

@Josh2396 Yeah they have great profits and are "doing well" but stock prices drop and they're back to "nintendoomed"
Screw financial statistics, how many golden banana's do they currently have, that should be their true metric of wealth.

Isn't this actually great timing for Nintendo? Surely if they're about to buy up loads of their own shares using cash reserves, then those shares dropping in value means they can buy more of them.

Nintendo: Has the best-selling console on the market
Investors: Panic

@PessitheMystic it’s probably a New York loft costing 5k a month

Poor Nintendo, only going to sell twenty million consoles this year and only has two Pokemon games coming out around the holiday.

Time to release Mario Kart 9!

Jk, they won't release it until they have hardware that can provide an experience much better than 8D. But you know what? An actual large expansion pack for 8D would be more successful then any game they have coming this year except for maybe (hopefully) Metroid Dread.

Stock has nothing to do with the health and wealth of any company, and is usually manipulated to benefit anyone but said company.

I wonder if it's a coincidence that Nintendo were looking into buying their own stock to basically wipe it out.

@steely_pete It's not a problem for the company, except It's more difficult to raise capital by emitting more stock, and they become more vulnerable to a hostile takeover (not much of a risk in this case). It is a problem for the owners of the company, however. It is a common situation that the interests of a company clash with the interests of its owners.

No, that totally looks like someone's fiddled the market. Shares are low as Nintendo announce they are buying shares back? How convenient. If anything share prices should go up to rinse more money from the buy back. The price will go back up after the buy back regardless, so it's all in Nintendo's favour.

If I were an investigator for this sort of thing, I would be suspicious of Nintendo. They have been coasting for 2 years or so, and now that their stocks are dropping as a result of their complacency, they want to buy back their own shares. Seems like they are gaming the system, and it’s making me lose a lot of trust in the company. I wonder how many users there are like me that haven’t bought a single Switch game since January?

I also don’t trust all these conflicting reports regarding material shortages. If there are shortages, how is Nintendo still selling so many consoles? Wouldn’t a materials shortage slow the sales down at all?

@BloodNinja Yeah i've barely touched the Switch this year. Looks like Nintendo are intentionally "dropping off" while XB and PS5 gain traction. Then will try and "go hard" again in a year to try and really break records. Actual new hardware is in the works for sure, likely late next year or the year after. They are in a strong position money wise.

@FargusPelagius i agree with you! And as a side note, I wouldn’t be surprised if in the background, the three companies were secretly collaborating for monopoly.

@BloodNinja My favourite game series are Monster Hunter, No More Heroes, Metroid and Shin Megami Tensei. So this year is and will be pretty busy for me at least.

@Strumpan Enjoy!

I'm not concerned the share price is down, just means NTDOY is 8.8% less expensive to buy than it was a few months ago. In Dec 2018 the share price was around $32 and $25 in Dec 2016.

@Chamver
Well said they have been very poor in house AAA games wise, since after the first year or so of launch.
They dam well deserve what they get now.
My Switch is gathering dust.
Also making a weak console does not help third party support, even if games do get converted they are not that good on a 55” 4K tv compared to PS4, Xbox one let alone the new generation.
By now we should have BOTW2, a new 3d Metroid and 3d mario platformer at least.
Instead we get remake after remake.

Of course sales are gonna drop since the switch oled announcement. Every one is gonna want to buy the oled over the current model switch.

The idea that shareholders share the same concerns as gamers is laughable. Investors aren't losing sleep over "Too many Wii U ports", "NSO is bad", or "These games are disappointing" as long as Wii U ports, NSO, and "disappointing games" are making a lot of money, which they are.

Everyone here would be outraged if Nintendo implemented MTX, lootboxes, and battle passes into all of their games, but that would be Christmas to investors as you would immediately see a 20-30% increase Nintendo's revenue and profits overnight.

I swear to god shareholders are useless the switch is still doing fantastically well, and there still like Nintendoooomed 🤦‍♂️

The article is more or less spot on. Last year was abnormal for games due to the lockdowns. The OLED model was not exciting and there hasn't been a big hitter game since Animal Crossing. Pokemon Arceus and Splatoon 3 are the upcoming titles that can become big hitters, so until then it makes sense for investors to be wary.

@Dezzy70 if your switch is gathering dust then you is missing out on a hell of a lot of games, and if you say they ain’t for you then surely you should have known the kind of games you’d be getting when you bought the switch. I never get this gather dust line as surely your lying, don’t have a switch or are very picky when it comes to games as there’s something for everyone on the switch.

Its amazing anyone is even listening to Bloomberg lol. They clearly have it out for the company after they made Bloomberg look so stupid and unprofessional. Move along nothing to see here other then bad wording to make it look like Nintendo is crash and burning. Which its the complete opposite. Lol...this is funny

What would save their bums is releasing Animal Crossing: Brighter Horizons, and include the vast amount of content they omitted from New Horizons, such as the campers with merchandise, all the stores, the Nook’s Cranny upgrades, the mini games, the full amiibo support, the ability to change the outside of your house like in New Leaf, the holidays on-board and not always requiring updates for the same old crap to play, the ability to change the clock in the game for those of us who can’t play during normal business hours 🤨, better multiplayer experiences, a unique and exciting experience on the dodo islands with NEW stuff, the ability to actually cultivate a real garden - not just pumpkins but useful items, all the fruits that were in new leaf and left out of this game, and a side game within it or even as a separate release of Happy Home Designer and Fashion, where you decorate the houses of other villagers and also do fashion for them like Style Savvy!

NintendoLife showing yet again they have zero understanding of how the stock market works.

The osborne effect will happen a little so the hardware sales will be down a little till the OLED releases.
Secondly this year has had more hardware sales but less software sales. Mostly because Animal Crossing last year was the unexpected bump which was not replicated this year.

Thirdly stock usually drops after any good event. People see that as a highpoint and want get out. The longer term (months at the shortest) after the event is a better indication. It's how long the stock price takes to rebound is hat matters more.

Also that the article from NL fails to mention is the next year predictions/forecasts. They are lower. That is probably what is driving some investors to sell. Not any of Nintendo's past performances.

@Madao
The article is not as on point as you think. You are thinking like a customer, not an investor. The investors care more about future predictions and how they compare to the past performance. As in how close are the past predictions when compared to the past results.

Also the fact that next year's predictions are down is another thing investors would consider.

Actually hardware sales are up but software sales are down. Though the investors would be more interested in the total earnings as well as the margins, which are also down a little.

People need to start thinking like an investor when they talk the stock market.

@the8thark Do all investors think the same, like some weird hive-mind? I thought literally anybody with money is able to buy market shares, so doesn’t that mean there is the potential that customers are also investors?

Time for a new console?

@BloodNinja

Correct. However it's a case of hats. People put their customer hat on when looking for the right game to buy, but they wear their investor hat when talking the stockmarket and the performance of the companies they are invsted into (in this case Nintendo)

@Outerdragon
I have had all the home Nintendo consoles since day one very old gamer 😂.
I guess it got off with a bang, BOTW, Mario Kart, Mario Odyssey, Splatoon 2, Arms. All in house AAA games. Then later Luigi mansion, Yoshi etc remembering these are not in house studio games.
Then for me came the remakes, well I had a Wii and Wii U so what’s the point of those for me.
I’m just dissatisfied we should have had more by now first party AAA in house wise.
These are not graphical intense games with 4K mapping, textures, high detail levels, hdr etc etc.
They should have put more from in house studios out by now. That was my gripe.
The consoles sells amazing, they getting lazy.
Great start for me games wise in house studios, not much since.

@the8thark I highly doubt that all people who buy market shares do such things, that sounds like something only experienced shareholders may or may not do.

The stock market is based on how people are feeling, and that rarely lines up with reality. Combine that with the fact that a lot of big stock holders are incredibly fickle and want infinite growth, and it often feels like stock prices are poor reflections of a company's overall condition in the market.

Part of it is probably the money grubbers coming to terms with the fact that normal people are tired of being locked in their houses and want to get out, spending less time buying and using products. In Nintendo's case, they don't have a lot of releases looking to light up the sales charts this year. Skyward Sword already came out, and other than Mario Party and Pokemon, I don't think anything else will go further than a million units, if even that (I'll be happy if 'm wrong). The OLED model is probably hindering overall Switch sales a bit since people are holding out as well.

On the flip side, I suspect that there will be an upturn at least around Fall. Switch sales should stabilize after a short boost from initial OLED sales, and along with Mario Party and Pokemon, Nintendo has a second Pokemon game, Splatoon 3 and Breath of the Wild 2 coming out next year. If that doesn't build confidence, I don't know what will.

Hey, if it keeps going down, then all it will mean soon enough is buy, buy ,buy....

I blame bloomberg for the oled hate nonsense. We're fine

@BloodNinja
Stock prices generally go up when a company does better than previously, there must be some kind of growth, otherwise prices won't go up.
Investors invest in a company because they want to make money off it.

All that being said, if you wanted to invest in something right now, would you invest in Nintendo? You could invest in any other company in the world, would you invest in Nintendo right now? If your answer is yes, why?
If potential investors tend to say 'no', then stock prices will go down.

Nintendo, right now, doesn't give any particular reason to believe that the company will grow in the future. In fact Nintendo themselves forcasted that they will not grow in the near future.
If no one wants to invest in a company, prices will go down, naturally.

Of course, there are some investors who are really just fans that want to own some Nintendo stock, but these are probably a very low percentage, especially relative to how much they are spending. Also, even them, why would they invest NOW? Wouldn't they have bought stock already a long time ago?

A possible reason to invest in Nintendo right now, may be, that the prices fell so far down, that the company is undervalued again. In that case the value will go up again and people bet on that.
If Nintendo stock goes up right now, then that is the likely reason, however the exact point at which something like that happens is hard to predict.

All that being said, the current situation isn't necessarily a bad thing in the long rung. Companies don't just grow all the time anyway, so this isn't an unnormal situation.

@Dezzy70 I get you m8 just thought something would have got your eye since then. Monster Hunter Rise, stories, NEO and more.

@Kirgo Oh, I don’t doubt anything you are saying. Just interesting to me that they are buying their own shares back when the prices are going down as a result of them just coasting. Seems suspicious. Like, they could be working harder, but that would keep their shares high, which means they wouldn’t have an opportunity to buy back. So why not just create that opportunity by under-performing?

Please give us actual game news, not news about people playing games with money.

@BloodNinja They're buying their shares back to reward investors because they think their shares are under valued. I'm really surprised at how people dont understand this. Also games take years to come to market so to think Nintendo have been 'just coasting' in an attempt to manipulate the market to buy back shares which cost the same as they did a year ago is really far fetched...

the stock market doesn't reflect economic reality

It’s just wall street being mad that their idea (Nintendo switch lite) didn’t perform well and Nintendo won’t give them a pro. Just goes to show how little Wall Street understands Nintendo, as they want them to become Disney or Xbox or Sony.

@Outerdragon
More a Nintendo AAA in house game fan.
Zelda, Mario,Metroid etc.
That’s why I buy their consoles.
All third parties or third party similar games I now play on Series X, PS4 or Xbox one.

I honestly couldn’t care less about stock prices. This ain’t Railroad Tycoon 3.

@PessitheMystic That would explain why he's on handheld mode and not docked--no tv.

Sounds like a good time to invest in some stock!

@originaljohn They aren’t buying their shares back to secure a greater percentage of ownership in their company? It’s not far fetched, simply look at their track record. People are buying the Switch like crazy, but despite that Nintendo hasn’t done anything to push the system forward, hardware or software related. It’s a stagnant system, for the end user. Great for N that people keep buying the thing for some reason.

@Whatsmyname It's what they call a "Poor Sport" in gaming they lose in too many games and give up trying to enjoy the game and blame the company for their own faults. These people have more issue that aren't related to Nintendo but try to blame others for their own issues. But the rest of us whom own and enjoy Switches will keep living a happy lives. So don't bother with Trolls like this they have far bigger issues then Nintendo but use it as a petty excuse.

i don't think they're in trouble by any stretch, but 2021 is definitely light on big anticipated AAA games. metroid dread is big enough for me definitely, but even that is still pretty niche compared to nintendo's current big 4.

@BloodNinja As part of the buy back program those shares will be removed from the market, effectively thrown in the bin - see https://www.investopedia.com/terms/b/buyback.asp.
So lets say there are 10 shares in the market each owned by a different person. Nintendo come along and buy 1 of those shares as part of this buy back program and bin that share. That means the remaining 9 shareholders now own a small bit more of the company than before.
Current share set up 10/1 = 0.1
New share set up 9/1 = 0.11

@Vegeta937 Taking rumours as anything more than that and being upset they were rumours like they always were...hmm

You'd think releasing a more powerful last gen console would help them , but oled screen priority i guess.

@UglyCasanova Not every article, but ones I find interesting. Did you need something sweetheart?

@originaljohn And if they buy 100% of the shares?

What shares go up and down, hardly the biggest surprise ever, as was the inevitable drop off as the pandemic starts to ease a little, love the graph too, shows both Sony and Nintendo's stock going down a little while Microsoft's is on the up, another massive surprise as the company has a lot more things than just video games.

No news fellas just move on.

Some thoughts:

1. Nintendo stock was over-valued, so it was due for a correction.
2. Sony stock is also down.
3. Microsoft and Sony both have larger/other businesses.
4. Nintendo in Q1 2021 double same time period two years before.
5. Nintendo is not going away.
6. Investors (and analysts) are not always rationale/intelligent actors.

Looks like a good time to add or start a position for the long term.

It’s obviously because N didn’t announce PIKMIN4 at E3 so investors are jumping ship

@beazlen1 And no new Golden Sun. Obviously.

NINTENDOOOOOOOOOOOOOOOOOMED!!

The universe has corrected itself.

Clearly between the industry-wide + ACNH boom in 2020 the numbers were soaring. After that this is what happens all the time, even to Apple. Rumors hype up unrealistic hardware, investors buy in en masse to be there for the big surge, the rumor turns out to be false, the surge doesn't happen, and the temporary investors bail out. Investors bought in for the "Switch Pro" surge. OLED was announced. Investors sold off seeing no surge. They still gained money, just no pot of gold.

It's almost like Bloomberg was manipulating investors to buy a stock artificially high by stoking unfounded rumors about a big new product. Perish the thought....nobody in the finance trade would ever do such a thing....

@Darknyht They hit that point in the cycle in year 3....

@PessitheMystic After years of Switch Tax and re-bought full price ports, the abandoned building is the best he can afford and still play Switch.

@westman98 I reckon most shareholders don't even know what a framerate is.

@Whatsmyname @UglyCasanova
You both need to work on your reading and comprehension skills and learn the term "straw man."

@CactusMan I doubt they are underreporting sales. They are still double what they were two years ago and because that could cause legal trouble (depending upon the rules for publicly traded companies in Japan). Remember, the chart shown is stock value. In other words, people bought up the stock expecting the Switch Pro and then sold it after only the Switch OLED was announced.

A year ago, the stock was roughly the same amount it is today. Then there was a climb to the year high of $80+, come the holidays. See how low it goes again, buy about 100 shares. Come the holidays, sell or hold. Wash, rinse, repeat. Buy low, sell high. Stock splits! Orange juice concentrate! Looking good, billy ray. Feeling good, louis!

@WiltonRoots
Most normal people in general don't know what framerate is.

And of the people who do know what framerate is, 90% of them talk about it in the context of console war nonsense.

@Whatsmyname I don't think you're paying your therapist enough. Good luck in life if this is how you address people. Also, appreciate you insulting my son. Hope you sleep better tonight.

@San_D "Nintendo gets very little to no money from me"

Oooh, such a rebel.

@Bunkerneath That was also when BOTW was revealed to be a 2022 title when people assumed it was still coming this year.

@Kirgo that’s why I don’t invest all my money in one company. Diversification is key here. Even if my position in Nintendo loses money in the next 5 years, there are other company shares I own that will cover that loss.

With that said, I think Nintendo is a great company to invest in. The Switch is a success, their intellectual properties will continue to sell, they’re branching out to movies and theme parks, they have a butt load of cash to invest in and grow their business, they’re not afraid to take risk and create obscure products that may or may not be successful, etc.

Of course I could be wrong here, but I’m willing to take the chance that Nintendo will continue to grow their business in the next 5+ years.

@Vegeta937
It's all good. And I sleep using a CPAP machine so I never get a good night's rest.

The bottom line here is that Nintendo's corporate decisions with the Switch are beginning to catch up to them. A ratio of legacy ports that's too high compared to original titles, the disconnect over new content for ACNH, an eShop that's absolutely glutted with shovelware, a running joke of an online service, no true "megaton" announcements for the 2021 holiday season (I think both Metroid Dread and Mario Party will sell lots of copies, but they simply don't qualify), and of course, after endless (if speculative) hype, a new Switch model with no tangible benefit outside of those who play theirs exclusively as a portable...only to have the Steam Deck announced shortly after which only reinforced the Switch's weaknesses and vulnerability. They missed an incredible opportunity to capitalize on Microsoft and Sony's slow starts out of the gate with AAA first-party exclusives for their respective new consoles during the pandemic.

Of course I believe 2022 (along with BotW 2 and probably others like Metroid Prime 4, maybe even a new Mario Kart) has a good chance of turning those fortunes around...at least in the short term. But fundamentally speaking, the Switch itself has some problems that won't be going away because of what's been happening in the board room at Nintendo. The days of Reggie and Iwata are long gone, and whether it's true or not, fair or not, the company feels distracted somehow by other things, not to mention feeling more distant since Directs all but stopped.

These articles are so predictable. An ordinary market correction after an unseasonably huge profit boom, and everyone starts predicting the Apocalypse has come. This isn't even limited to Nintendo.

@sanderev In addition to the points @Grumblevolcano made, you have to remember that Sony and Microsoft produce much more than just video game hardware.

@Whatsmyname My cousin uses one of those. I hate that for you. Have a good day.

Now would be a good Time to buy some Stocks

@Vegeta937 I know it's underwhelming but dramatic much?

That means it a say it with me GOOD TIME TO BUY

@Entrr_username If drama is what you got from my comment, you should probably tone down your inner voice when you read.

@Vegeta937 I can now see why the Switch is more suitable for your son than you

@Entrr_username Says the person hurling random insults to a stranger on the internet. Pot, meet kettle.

@Friendly You're not wrong there. I have faithfully followed Nintendo my 35 years on this earth. Share a birthday with Mario, played NES since I was 5. I probably still have intact almost every issue of Nintendo Power. But, sometimes you just have to walk away for a minute. This is my minute. I know I'll be back and I have no shame in that. We all fall in and out of love with things in life.

@HamatoYoshi While I think Nintendo has a great first party line up with the switch. Let's be honest a big portion of them of them are Wii U ports. I've been pretty bored with my switch since astral chain came out.

@Vegeta937 I wouldn't call them "random" or even insults

@Entrr_username Sure thing, sport.

Nintendo smashed this last quarter, and all the reporters spin it as tough times ahead which spooks investors to sell off.

That's why the masses tend to lose money but the few who do their research profit.

4.5 million Q1 2021 may not reach the heights of the 5.5 million Q1 2020 in the Covid boom, but it's DOUBLE that of any other Q1 since the Switch launched. That's an absolutely massive sell through, and only solidifies my suspicion Switch will take out the PS2 record for best selling console of all time.

So ya, you can look at it as a drop from last year, but when you consider last year was an anomole and this year's Q1 is still twice as big as any other previous Q1, the truth reveals itself. I dont buy individual stocks- I stick with indexes. But if I did, now would be the time I'd be buying Nintendo stock. And lots of it.

Good. I hope it continues to fall so I can rack up some more Nintendo stock. As the billionaire investor Warren Buffett says, “Be fearful when others are greedy and greedy when others are fearful”.

@westman98 If Nintendo based all their decisions off the back of the 20-30 people crying in here, they would have gone bust a long time ago. They'll bang out a powerhouse console and sell 10,000 units lifetime. But at least they'll have something to brag about on Digital Foundry comment sections.

@WiltonRoots
"The Nintendo BoxStation X has sold 30 million units, 70%+ less than Switch, but FIFA 2034 runs 6 FPS more on the BoxStation X than on the PlayStation 6, so gatcha!"

@Vegeta937 wholeheartedly agree with you there.

I walked away after the gamecube and came back when the switch released. Been collecting and playing wii, wii u, ds and 3ds games now next to the switch. It’s good to sometimes step away and feel that you like something again.

This is actually good news for Nintendo because they announced they will be buying back stock with ¥100 Billion because of their huge amount of cash. If stocks fall, cheaper for them to buy back stock.... at a discount.

@Entrr_username If not paying top coin for substandard experiences is equivalent to being a rebel, then okay, welcome to the adult world.

Shout out to Ring Fit Adventure for making the top 10.
Interesting to see Smash ahead of Zelda.
A bit surprising to see the stock price drop when the Switch has already outsold the PS3 and may outsell the Wii and PS1.

Now Nintendo can buy back more of its shares for a reduced price. Good for them.

After the "oled" i was really dissapointed in nintendo. I also dont like the silence treatment.

Thats why im making the jump to Valves Steam deck.
Amazing peace of hardware and a huge library. I can even install non steam based games, or even install windows if i want to.
Im taking a break from Nintendo until they anounce a more powerful device.

Let‘s be real: Golf and remakes ain‘t gonna do it.

@steely_pete Well if they own their own stock and want to sell some of it to get cash it’s bad because they will get less cash. Some companys pay their employees in stock and again they will need to use more stock to pay them.

Other than that. I don’t get it either. It’s not like they need to do an emission right now to get cash. So the investors are not that important right now. In more meager times a good relationship with investors is sometimes key to survival.

@westman98 "if we zoom in 400% you can see where that extra horsepower went into the ray tracing on that spoon on the kitchen worktop...."

I am so happy Nintendo is going bust again. Gamecube and Wii U produced some of the best Nintendo exclusive games - when Nintendo was down and out. Whenever Nintendo is doing well, they won't work but sit and count their money.

The tik-tok pattern is a prophecy of what's to come for Nintendo:

👎 Gamecube
👍 Wii
👎 Wii U
👍 Switch
👎 Switch 2?

Their next system will be a flop, but they will work extra hard to make better games to compensate.

This is just Wall Street, Wall Streeting. It's not enough to make tons of money, a company must always be making more money right now than it was at this time last year.

Okay? So the market thinks Switch is doomed, in spite of improved sales over the pre-pandemic period. What a shock! Investors are utterly ridiculous people

@Pat_trick lol people got excited and wanted a switch pro and was butt hurt when Nintendo didn't announce what they wanted lol.thats what people get for believing everything they read on the internet and believing every rumor.i believe things when Nintendo announces things

This is more of a Maths statistics thing than anything to worry about seriously for Nintendo (for now). The Switch is still selling like hot cakes.

@NoTinderLife 3DS? DS?

Nintendo will be just fine. This is clearly just a fear-mothering article.

@Vegeta937 If you’re gonna “walk away from Nintendo” and become a hater for no reason at all, maybe you shouldn’t be on a site ran and consisting entirely of Nintendo fans.

Bad news for my Nintendo investments at the moment, but I'm still up quite a bit from when I bought. I'll have to keep an eye on it - if the price goes down more, I might end up buying more shares.

Perfect, I've been waiting to buy in. Also, just know that Nintendo are about to buy back 900 million of their own shares, coincidence?

@catsnpizzas Nintendo about to buy back 900 millions worth.

The Switch is nearing the end of it's lifecycle, Playstation and Xbox are slowly gaining more traction while the consoles are getting more available, Steam releasing a hybrid competitor that looks to be better in almost every aspect. And Nintendo is almost out of WiiU games they can port easily for a cashgrab.

Then theres the OLED switch, while it could be a nice upgrade for people that play handheld, it's another revision that completely ignore the switch gamers that play mostly docked. Also it doesn't adres any of the current issues the Switch has (joycon drift, lagging and impossible to navigate e-shop interface etc).

So while Nintendo is still on top of the console industry, I and many investors expect Nintendo dominance to drop drasticly in the coming years. And if we look at Nintendo's history there is a very big chance that Nintendo's next console will fail miserably.