Nintendo's Stock Price Drops Over Six Percent After the Switch Announcement

[AzrealMaximillion]

Pretty much nails irt on the head I think. They show adults but really it's a device for kids. Worse they will probably realize that this may well be replacing the Gameboy line in the same breath. Why produce two pieces of hardware when you can produce one.

It seems many of the japanese old guaerds are undergoing meltdown.

You nailed it. The world has smartphones and tablets now. Making another one that will have your standard Nintendo franchises but does everything else that a tablet does but much, much worse with a stupidly small capacity hardrive.

And with Nintendo saying there will be no official info until 2017 (when it releases March 2017...) its officially safe to say Nintendo doesn't know how to market to gamers outside their shrinking nostalgia loving hardcore base anymore.

Nintendo's member berries are drying up.

 

[Aiddon_v1legacy]

People always have to play Chicken Little over stock prices. Warren Buffet they ain't.

 

[AzrealMaximillion]

The biggest mistake they made with the Switch so far was not making it backwards compatible for 3DS games. If Nintendo is trying to lure mobile gamers back to their quasi console then this was a huge misstep.

Who says that it isn't?

Official announcement that came out today.

http://nintendoeverything.com/nintendo-confirms-no-physical-backwards-compatibility-for-switch-no-comment-on-mobile-games/

Sorry to squash you rant like that but this was the one thing people defending the "NX" had as a point here and they lost it.

 

[AzrealMaximillion]

People really shouldn't read into stock prices. Sure it dropped 6 percent today but it'll likely bounce back up over time, especially when the console is drawing closer to release. Thats the thing about stock markets unless it's in a tailspin it tends to bounce up and down, and drastically when things about it are announced to the public.

People should pay attention to stock prices. Remember when Nintendo went up, then down 15+% the week Pokemon Go was released?

Don't get me wrong, Nintendo is still doing better than it was pre-Pokemon Go, but if it is wasn't the time of year where piles of the big selling franchises comes out Nintendo's stock would still be doing mediocre.

This console hinges on having great games out in its first months instead of typical launch placeholders. That Zelda game better be there on release in a bundle.

 

[Shoggoth2588]

This is still part of the modern Nintendo cycle though, isn't it? Nintendo announces they're working on a console, Nintendo reveal a console, Nintendo stock prices dip...I feel like this same exact thing happened with the 3DS, Wii U and possibly even the Wii.

Like others have said, I find this reveal to be much more satisfactory than the Wii U reveal. Everything looks solid at the moment but Nintendo really, REALLY has to nail the launch of this thing. The 3DS and Wii U both had abysmal launches and Nintendo really can't afford for that to happen for a third time in a row. Nintendo themselves may not be sharing details on what games are launching on the Switch but that (hopefully) shouldn't stop devs and publishers from announcing that some of their games are being worked on for the NS. Skyrim is all well and good but I'd have liked to see another indie-reel: Cuphead, Song of the Deep, Bloodstained, Yooka-Laylee, show us those games running on the Switch and kids playing them (maybe not Bloodstained) and that would absolutely turn a few more heads...not that the indies saved the Wii U...poor Shovel Knight...

 

[Jingle Fett]

The biggest mistake they made with the Switch so far was not making it backwards compatible for 3DS games. If Nintendo is trying to lure mobile gamers back to their quasi console then this was a huge misstep.

Who says that it isn't?

Official announcement that came out today.

http://nintendoeverything.com/nintendo-confirms-no-physical-backwards-compatibility-for-switch-no-comment-on-mobile-games/

Sorry to squash you rant like that but this was the one thing people defending the "NX" had as a point here and they lost it.

Err I don't see how those couple sentences qualify as a rant, but ok. I also wasn't aware there was a debate going on about the Switch since most of the comments I've seen have been positive, but I'm not involved either way.

Anyhow I was fully expecting it to not be hardware backward compatible with Wii U due to the discs but I'll admit I'm a little surprised they're not supporting 3ds games, again given Nintendo's history. That would suggest to me they're maybe planning a much more digital-centric approach, like maybe porting the old games to their store or something since I doubt they'd simply abandon all the old games. Quite interesting since it means they're doing things very differently this time around.

 

[Fulbert]

I wonder if I'll have to buy two Switches for myself and for my wife if we plan to play, say, the next Animal Crossing together.

Though I have a feeling the next iteration of Animal Crossing is going to be a mobile game.

 

[K.ur]

https://blogs.nvidia.com/blog/2016/10/20/nintendo-switch/

Now we know it's a Nvidia Shield.

 

[008Zulu_v1legacy]

Perhaps their big reveal should have been less Mario and more Call of Duty.

 

[AzrealMaximillion]

The biggest mistake they made with the Switch so far was not making it backwards compatible for 3DS games. If Nintendo is trying to lure mobile gamers back to their quasi console then this was a huge misstep.

Who says that it isn't?

Official announcement that came out today.

http://nintendoeverything.com/nintendo-confirms-no-physical-backwards-compatibility-for-switch-no-comment-on-mobile-games/

Sorry to squash you rant like that but this was the one thing people defending the "NX" had as a point here and they lost it.

Err I don't see how those couple sentences qualify as a rant, but ok. I also wasn't aware there was a debate going on about the Switch since most of the comments I've seen have been positive, but I'm not involved either way.

Anyhow I was fully expecting it to not be hardware backward compatible with Wii U due to the discs but I'll admit I'm a little surprised they're not supporting 3ds games, again given Nintendo's history. That would suggest to me they're maybe planning a much more digital-centric approach, like maybe porting the old games to their store or something since I doubt they'd simply abandon all the old games. Quite interesting since it means they're doing things very differently this time around.

I'm not surprised they aren't having the 3DS games be compatible. The lack of a second screen and the lack of it being touchscreen kind of nails that shut unfortunately.

And to your point about porting the older games to the Switch (I assume you mean Wii-U games) I really think Nintendo needs to allow people to access previous digital purchases they made. Nintendo has been serially awful at that, and they frankly need this thing to take off. Forcing people to either buy games they've bought once or twice over as well or waiting for the eventual "Switch Remaster" isn't the best draw for the console.

I like my 3DS, but I'm one of those weirdos that uses my Vita way more, plus I PC game. I just down have the nostalgic love for Nintendo's franchises other have and their 3rd party support is always strong in the first year then dwindles down sharply for their home consoles.

Colour me as "not sold yet." The idea looks interesting but even 5 year old modless Skyrim won't get PC players to ditch a laptop for the Switch. In my opinion at least.

 

[AzrealMaximillion]

I really hate that new D-Pad replacement though. That'll make fighting games suck to play for sure.

 

[Vigormortis]

Pretty much nails irt on the head I think. They show adults but really it's a device for kids. Worse they will probably realize that this may well be replacing the Gameboy line in the same breath. Why produce two pieces of hardware when you can produce one.

It seems many of the japanese old guaerds are undergoing meltdown.

You nailed it. The world has smartphones and tablets now. Making another one that will have your standard Nintendo franchises but does everything else that a tablet does but much, much worse with a stupidly small capacity hardrive.

And with Nintendo saying there will be no official info until 2017 (when it releases March 2017...) its officially safe to say Nintendo doesn't know how to market to gamers outside their shrinking nostalgia loving hardcore base anymore.

Nintendo's member berries are drying up.

This is the issue. Nintendo has produced a product as a "solution" to a problem that was solved half a decade ago. Had the Switch come out five years ago it could have been a runaway success. But nowadays, consoles, handhelds, PCs, smartphones, and tablets are ubiquitous. They're everywhere, and most people have at least two of those devices. Yet here we have Nintendo announcing a device that allows us to 'game at home and on the go!' Uh, thanks Nintendo, but I already do that. I've been doing it for years. So has everyone else.

It's classic Modern Nintendo. Too little, too late. They're forever lagging behind the rest of the industry.

This is what happens when you become complacent, turn inwards, and assume everyone else is playing catch-up to you. Eventually they catch you, then surpass you.

 

[weirdee]

It's a testament to how people interpret consoles when they're still going with Sony/Microsoft despite increasing hassles regarding pricing versus actual versatility in the living room, whereas a console with additional freedom is a tough sale. You could give the other two week long loading times for massive, uncompressed files, and double the online service costs, and people would still rather develop for and interact with the super expensive, basically a worse PC that's splitting console development with two additional graphical specifications, whose only shrinking market advantage is being in the living room. We're in a living hell where the only reason we have shitty things is because we willingly attach ourselves to them.

 

[Bob_McMillan]

I think the idea is cool, but one they will almost 100% not deliver on. Skyrim and 2K on a handheld at a resolution greater than 600p at at least 30 FPS? Bullshit. If it is revealed that those two games won't actually be coming to the Switch...

 

[Callate]

Gee... The Japanese analysts are almost as full of it as ours.

Nintendo fulfilled nearly every bit of speculation based on the shreds of data that were floating out in the ether, and this is the result.

Granted, I think the trailer's portrayal of a packed stadium roaring to see young professional gamers bring out their trendy Switches to engage in a tense game of Splatoon is a little hyperbolic. But there's nothing to suggest that the ability to engage multiple audiences inherently means the inability to serve any of them well. Handheld gaming on a plane? Social gaming on the road? Locally networked gaming across multiple systems? Gaming in a living room on a big TV?

If it can do all of that half-way decently, and at a price that's comparable to its competition, why wouldn't you want that? To dismiss it as a toy of limited appeal seems both unprofessional and unimaginative. Frankly, it seems like the sort of response I would have expected twenty years ago, not from people whose job it is to knowledgeably evaluate markets who ought to know better by now.

 

[Bad Player]

If it can do all of that half-way decently, and at a price that's comparable to its competition, why wouldn't you want that? To dismiss it as a toy of limited appeal seems both unprofessional and unimaginative. Frankly, it seems like the sort of response I would have expected twenty years ago, not from people whose job it is to knowledgeably evaluate markets who ought to know better by now.

The fact is that the stock price dropped, and as analysts they need to explain it. It's not like they can say, "The Nintendo Switch looks amazing, I have no idea why the stock dropped."

Anyway, the Switch looks promising, but we have very little info atm. This is just a stock price movement based on that very little amount of info. Let's just wait, hope Nintendo can pull off their idea, and watch the stock price rise when it does.

 

[Karadalis]

So nintendo introduces a bulkier PS VITA with a massive docking station and then refuses to talk about its capabilities 4 1/2 months before release and people are surprised that nintendos stock goes down?

The handheld console market is dead, what little market is left is allready in nintendos hands with the 3DS... vita tanked horribly, microsoft knows better then to try.

And now they want to sell you another portable? Portables dont sell! People play on their smartphones and tablets allready and are not going to spend 300+ dollars on a new device because mario and zelda... thats not what people who play games on their mobile devices are interested in! They are the "free to play" generation...

Try to sell a AAA game to someone who is an avid candy crush player... good luck with that one.

Whats more idiotic is that its allready technical possible to hook your tablet to your flatscreen and play on the big screen.. you dont need a Nintendo Switch for that...

All in all nintendo will either have another mediocre sales run that survives barely on nintendo fanboys with a seriously lacking game library.. or we just wittnessed another virtual boy. My money though is on the former since its not really anything experimental this time.

Nintendo seriously needs alot of fresh blood in its leadership department.. the old men are steering the ship right into the coast...

 

[drkchmst]

In order to make the NX appealing to this schmuck, it needs to be priced at $200. I doubt this is going to happen, but being spoiled by nvidia with the shield tablet, I already expect amazing game support in a tablet form that does so much more.

 

[MonsterCrit]

Pretty much nails irt on the head I think. They show adults but really it's a device for kids. Worse they will probably realize that this may well be replacing the Gameboy line in the same breath. Why produce two pieces of hardware when you can produce one.

It seems many of the japanese old guaerds are undergoing meltdown.

You nailed it. The world has smartphones and tablets now. Making another one that will have your standard Nintendo franchises but does everything else that a tablet does but much, much worse with a stupidly small capacity hardrive.

And with Nintendo saying there will be no official info until 2017 (when it releases March 2017...) its officially safe to say Nintendo doesn't know how to market to gamers outside their shrinking nostalgia loving hardcore base anymore.

Nintendo's member berries are drying up.

More like they are afraid . They don't want to give people too much time to think and analyse stuff. They want hype fueld buying and they'll get it,.. Then people will realize 6 months later just how crapy the battery life is, or how quickly those side snaps wear down quickly.

Cause here's the thing. I'm not seeing a whole lot of ventilation on that sucka, and it's supposed to run games like skyrim? What you're looking at is a console with planned obselence built in.

 

[AzrealMaximillion]

Pretty much nails irt on the head I think. They show adults but really it's a device for kids. Worse they will probably realize that this may well be replacing the Gameboy line in the same breath. Why produce two pieces of hardware when you can produce one.

It seems many of the japanese old guaerds are undergoing meltdown.

You nailed it. The world has smartphones and tablets now. Making another one that will have your standard Nintendo franchises but does everything else that a tablet does but much, much worse with a stupidly small capacity hardrive.

And with Nintendo saying there will be no official info until 2017 (when it releases March 2017...) its officially safe to say Nintendo doesn't know how to market to gamers outside their shrinking nostalgia loving hardcore base anymore.

Nintendo's member berries are drying up.

More like they are afraid . They don't want to give people too much time to think and analyse stuff. They want hype fueld buying and they'll get it,.. Then people will realize 6 months later just how crapy the battery life is, or how quickly those side snaps wear down quickly.

Cause here's the thing. I'm not seeing a whole lot of ventilation on that sucka, and it's supposed to run games like skyrim? What you're looking at is a console with planned obselence built in.

IIf this thing can't run a (by the time it releases) 6 year old game like Skyrim, it'll be DOA.

I don't think the hype will be last very long as they've announced no more official news til 2017, when the thing releases in March 2017. It'd be great for casual gamers or casual consumer if that audience wasn't already bored with Nintendo since the Wii. And further more, tablet games aren't that bad anymore.