Nintendo will be using their NFC tech for their Pokemon U game. This will be a HUGE money maker for Nintendo. From what I understand, the way it will work is you get a little Pokemon figurine with a chip inside, which the Wii U detects and allows you to play that character in the game. With the amount of people who love this game and collect the Pokemon cards, I can't see how this won't be a massive cash cow for Nintendo. There will be hundreds of characters to collect, and correct me if I'm wrong, but even if someone homebrews the Wii U and pirates the game, they'll still have to buy the actual figurines to use them in the game. If this is true, Nintendo could give away the game for free and still make a killing on selling Pokemon characters.
Sentiment: Strong Buy
Doubt it'll drop much since I don't think anyone is expecting any huge sales numbers yet and the report won't be much of a surprise, so it might just drop down a bit. Nintendo lowered its expectations on Wii U sales and whatnot, so it's not like any analyst with half a brain should be expecting a blowout or huge losses. The games are starting to trickle in more and more and better titles are coming out soon, so anyone with this stock should probably hold it, and anyone interested on buying, well it seems the dagger fell and it's starting to recover so now is probably a good time to buy.
There's a good article I read yesterday on playeressence last night that I every investor should read, basically calling B.S. on Cliff Bleszinski and Michael Pachter who keep talking about Nintendo like it has 2 feet in the grave already. I wish I could post the link but yahoo won't allow it, so if anyone is interested just look it up. It's titled "Microsoft and Sony are Closer to Going Third-Party than Nintendo – Lets get the Facts Straight".
The main reason they have more cash is due to the weakening yen, something out of their control and that was just a matter of luck on their behalf, so I'm not holding my breath that they're on the road to recovery. When they failed to meet their own expectations on just about everything, people have reason to panic, especially if you have a lot of money on the line. It will take many months for developers and Nintendo to release enough games that people will hopefully start buying the Wii U, and better marketing all over the world. Not to mention the next gen consoles are coming out soon, so it's going to be even tougher for Nintendo.
Seriously, enough with the living in LALA Land BS. How can you say it bottomed? What proof do you have? You've been saying it's bottomed for weeks now, all the while it keeps going lower. I think you have yourself fooled, because there's no reason it can't hit the $10 area as we wait for more games to come out for the Wii U, and watch the Wii U's gather dust on store shelves since Nintendo failed to properly market their new console at the most important holiday season of the year.
It would be nice to see people be more realistic about the stock rather then have the pump or dump agenda I see on this forum. I own 3000 shares of Nintendo and am down 25%, so it's not like I want them to fail, but lets be realistic here and not just spew candy and lollipop dreams while the stock keeps dropping lower and lower.
Iwata himself basically said they won't see any profit for months, so while long term I'm still betting on Nintendo and hoping I can at least get some of my money back, short term there's little reason for anyone to invest and buy shares in this company IMO. If there aren't going to be any serious changes to the way things are going for the next 6-12 months, the best we can hope for is that the stock hangs around this price point and doesn't keep dropping on a daily basis.
I can't blame gamedude369 for selling his shares at a loss since the near future looks grim.
Agreed, and at this point I don't see them recovering until possibly the end of the year when they start releasing/selling more games. Not surprised the Wii U isn't selling that well since they aren't advertising it in any significant way. Now shares are back to their 52 week low and I'm stuck with this crummy stock wondering if I should cut my losses or wait another year to potentially make my money back.
This is what drives me nuts about Nintendo, it's hard to find any news on them. Anyone know if they release the financial reports before or after the Japan market opens? In any case, this report better be good...
Apparently China may lift its ban on game consoles.
"Chinese authorities are reviewing a decade-long ban on game consoles and considering the possibility of opening up the country's video game hardware market, a government source told China Daily. "
What the hell, they moved their third quarter earnings release to January 30th. That's BS, now I potentially have to watch this stock keep tanking for another extra week+?! #$%$ Nintendo?!? I think we need to hear some good news from them to help the stock, not push the damn news further back and let the stock keep taking a hit. It really will be in the single digits before they release their report at this rate!
Well they sold more then 10 million 3DS in Japan according to IGN, which is a large jump from the previous month when it had sold 8.8 million units. Nintendo also sold 320,000 Wii U's from Gamestop from the time it launched until the end of the year. Seems the Wii U sales aren't all that bad. They're not as good as the Wii but I think most people assumed that would be the case, but the Wii U is doing alright. Seems it will be a good quarter, it's just the agony of waiting until then and watching the stock prices fall in the meantime that's brutal. A quick look at the 7974 stock quote and it's down over 1% at the moment.
I'm curious, what in your personal opinion do you think the price per share will be after the financial report comes out? What % jump are you expecting to see?
Yeah that's what scares me, what is the bottom? Between Iwata saying the other day "sales are not bad/its selling steadily" which I take as "we are breaking even", and then this gem I stumbled on today:
In a story about Nintendo of America President Reggie Fils-Aime, Fils-Aime incorrectly said that Nintendo makes a profit on the Wii U console after consumers buy one piece of software. The number is more than one, but the company declined to say the exact number.
It makes me wonder if the financial report will actually raise the stock price or drop it further down. Seems there's a lot of B.S. coming out of Nintendo lately, and I still don't understand why they haven't bothered to market the Wii U properly. There's no commercials for the console almost anywhere, especially bad because the holidays just passed and the general public doesn't even know the Wii U exists. It's absurd.
That's what I'm betting on, otherwise I'm screwed. Problem is it's dropped so much and might continue to drop until then, that the "bump" would have to be over 20% to even come close to breaking even for me. Why the hell does it keep dropping is really beyond me. There's no reason this stock should keep getting punished like this, yet these MASSIVE daily drops just keep coming.
If the Osaka market is any indicator, it'll drop over 3% again today, and to another 52 week low. By the time we even get to the financial report this stock will be in the single digits at this rate.
I wish a knew, but that's part of the problem, it's hard to find any news on Nintendo other then some random blogs or biased article. It can tank 4% in one day and nobody really seems to know why, it's very frustrating. So far I haven't seen the Japanese currency's value have any positive effect on this stock. Like I said before, this stock trickles up here and there, and then any gains over a span of time get wiped out and then some in one single day for no apparent reason.
Uh... yeah, I'm checking it out and it TANKED today. Down 3.7% and back to 13/share. This stock is giving me a headache.
It has it's positive days where it rises incrementally 0.2% here and there, then tanks 2-3% on any given day after. This death spiral is killing investors and not a word from Nintendo on damage control to keep this stock from falling further. Was there ever a "plan B" if the Wii U didn't do too well? I'd like some answers, and considering the next financial report isn't due until January 21st, how much lower will shares fall before that day comes. Then the question remains, if the report is negative, how much more can shares possibly drop? and if it's positive, will it come even close to recovering the 20%+ it's sunk over the last couple of weeks? I doubt it.
What really makes this all confusing is that the 3DS is actually selling really well for Nintendo, and the Wii U is doing ok. It's not doing as well as the Wii did, but it's not like people aren't buying it. Yet the stock keeps dropping like a rock. The only reasoning behind this that I have heard is lack of developer support to make games for the Wii U, lower Wii U sales then the Wii, Japan's economy is bad and their currency is losing its value, tablets are taking sales away from consoles/games, and the whole fiscal cliff ordeal.
Is there something else I'm missing here? What do people think the share price will be going into the earnings report and afterwards?